And then the beauty of compound interest, you'd be able to collect retirement based on what you paid in. Correct, Mr. Acopos? Excuse me, Sar. Senator? Yes. And again, Americans thought that [Social Security] money was being invested, but the money was spent. It's gone. In its place was a US government bond put into the trust fund. So how much value does the US Government bond have to US Government agency? (00:26–00:31)
CLAIM
Asserts that Social Security funds were not invested as intended but were spent.
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.