It's not being acknowledged right now because CBO estimates are so grotesquely understated. So we're simply not facing up to this problem. And A short term decrease in the payroll tax is simply making Social Security less sustainable. Long term, I think it's very bad fiscal policy. Real quickly though, you say that you are not concerned about your next election, but do you think that's true of your Republican colleagues? (08:57–09:04)
CLAIM
Asserts that reducing payroll tax short-term harms Social Security's sustainability.
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.
