We made a dent into this last week, but the fact is mandatory spending is the majority of our deficit spending and we've done nothing. And By 2034, Social Security is going to be insolvent, Medicare will be insolvent. 2027. We have to act. And it's going to be hard. It's going to be tough solutions. It can't be just a republican win or a Democrat. (08:10–08:16)
CLAIM
Asserts that Social Security will be insolvent by 2034 and Medicare by 2027.
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.
