We know that it's the retirement of the baby boom generation, this glut of population going into retirement. That's the problem. We know that 2035 is the current doomsday year when we are not able to pay 100 cents on the dollar on [Social Security] claims. We know that it's not a surprise that this has been coming because we knew about the baby boom generation and that's why you came up with this 10 years ago, because it's not a surprise and we have to Prepare for it. (00:41–00:49)
CLAIM
Asserts that by 2035, Social Security will not be able to pay full benefits.
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.
