The trust fund, that accounting, all it is is a gimmick. It's a county convention that runs out in 2034, 2035. And according to law, what happens then is Benefits will be reduced to the revenue that we take in...75 to 80%. be 75 to 80%. So if you want to save those benefits, what you need to do is make sure that the general fund has the wherewithal to plus them up by the general fund. (19:12–19:21)
CLAIM
Asserts that Social Security benefits will be reduced to 75-80% of current levels when the trust fund is depleted.
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.
