And by the way, Social Security has to be reformed so that people are really provided for after they are 65. The cost of living is increasing, the cost of living allowance has to be increased and Social Security may be insolvent unless we reform it by eliminating some of the exemptions for people above certain incomes. So every program has to be adapted to the needs of new generations. And in this instance, the Republicans are saying at most that they might remember. (19:26–19:38)
CLAIM
Asserts that Social Security may become insolvent without reforms targeting income exemptions.
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.
