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Ron Johnson: “Benefits are already exceeding the amount of revenue coming…”

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

Ron Johnson, Mandela Barnes face off in TMJ4 U.S. Senate Debate: Watch the full broadcast

Published October 13, 2022 | Video Starts at 23:18

He's going to say fossil fuels are the way forward in the future. What Lt. Governor Barnes is ignoring is that by 2033-2035, the Social Security trust fund runs out. At that point in time, Benefits are already exceeding the amount of revenue coming in [to Social Security]. At that point, benefits would be reduced to the amount of revenue coming in. So the question is, will we have the financial wherewithal to plus up benefits and to honor those promises? (23:18–23:23)

CLAIM

Asserts that Social Security benefits currently exceed incoming revenue.

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.

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Ron Johnson

“Lt. Governor Barnes...is chauffeured around by State Patrol costing taxpayers over $600,000 through last November.”
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“President Biden...put forward another $1.9 trillion Covid relief package when we had a trillion and a quarter left unspent from the previous…”
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“A dollar you held the start of the Biden administration is now worth only 88.3 cents.”
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“If we just return to the interest rate that we experienced in the last three decades of the last century, 5.4%, that would add $1.2 trillion…”
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“We're dealing with 7,000 people per day being encountered [at the border].”
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“The administration in Wisconsin... reduced [the prison population] 15%, including paroling 884 criminals, 784 were violent.”
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“My tax cuts for more than 20 million tax filers help small businesses compete with the big guys and survive the pandemic.”
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“My right to try law is saving lives.”
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“I produced a law rights tribe that saved lives.”
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“My Joseph project has transformed lives by helping people to get really good paying jobs.”
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“My opponent...ignores 570 riots, the 2,000 law enforcement officers injured during the summer riots, and he incited the Kenosha riots.”
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“Lt. Governor Barnes supports all this massive debt spending, including $369 billion on the green New Deal energy boondoggles.”
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“Mr. Barnes and I immediately and forcefully and repeatedly condemned the violence from January 6th.”
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“There aren't many senators can say they got tax cuts for 20 million businesses.”
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“It's out of control deficit spending. I voted against most of it.”
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“Stop the deficit spending and become energy independent. Stop the war on fossil fuel.”
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“The individuals working at minimum wage are very small percentage.”
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“Most people looking for jobs right now are probably getting 12, 13, 14 or $15 an hour starting wage.”
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“The problem people are having is the out of control inflation caused by out of control deficit spending.”
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“A dollar you had at the start of the Biden administration is only worth 88.3 cents.”
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“We have to get deficit spending out of control and will never get it under control with Democrats in power.”
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“I've worked in the private sector for over 40 years.”
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“I've worked shift work, started with very humble beginnings.”
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“We have transformed lives of people by giving them the dignity of earning their own success.”
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“I started up a program called the Joseph Project. The inner city. This provided hundreds of jobs and transformed lives.”
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“I want to save Social Security. I want to save Medicare.”
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“Social Security recipients are going to get an 8.7% raise, but that only keeps them equal with what they lost because of Biden's inflation.”
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“A $100,000 nest egg that a senior had is now only worth $88,300.”
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“The federal government, through their inflation, Democrats, inflation basically taking $12,000 out of that senior's account.”
Ron Johnson, Mandela Barnes face off in TMJ4 U.S. Senate Debate: Watch the full broadcast | Uploaded October 13, 2022 | 19:54-20:01
“Under Biden, we just had two quarters of negative growth because they don't have a clue how to run an economy.”
Ron Johnson, Mandela Barnes face off in TMJ4 U.S. Senate Debate: Watch the full broadcast | Uploaded October 13, 2022 | 20:26-20:33
“We have to look at all of government spending and start prioritizing Social Security, Medicare, [and] Defense spending.”
Ron Johnson, Mandela Barnes face off in TMJ4 U.S. Senate Debate: Watch the full broadcast | Uploaded October 13, 2022 | 22:04-22:10
“By 2033-2035, the Social Security trust fund runs out.”
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“My Joseph Project offers a second chance by providing formerly incarcerated individuals opportunities to turn the life around.”
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“We should keep qualified immunity. That would be a real assault on law enforcement.”
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