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Ron Johnson: “Americans thought that [Social Security] money was being…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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'It Violates The Basic Foundation Of Social Security': Johnson Rips Plan To Lift Social Security Cap

Published | Video Starts at 00:26

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.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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