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David Schweikert: “The Social Security trust fund is emptied, basically…”

Featuring: David Schweikert, Republican | U.S. House, Arizona, District 1

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David Schweikert's Address on Economic Challenges and Legislative Solutions

Published | Video Starts at 21:46

How do we keep our promises as a society, as a country, as a population that you Say at least make an attempt to be moral. How do we keep our promises in, what is it, seven years now? The Social Security trust fund is emptied, basically. Meaning if the Social Security follows the law, there's going to be...a 21% cut in Social Security checks across America. So 2033, it's gone. 2034, first year with the 21% cut. Meaning we double senior poverty in America. We're going to double senior poverty in America. (21:46–22:07)

CLAIM

Asserts that the Social Security trust fund will be depleted by 2033, leading to a 21% cut in benefits by 2034.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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