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Ron Johnson: “In the next decade, Social Security will have about a $1.5…”

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

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Senator Johnson at the Budget Committee

Published | Video Starts at 04:13

About $2.77 trillion. It's gone. It has no value. Federal government. So how are we going to fund Social Security? Because it's going to run again. Do you understand these numbers? In the next decade, Social Security will have about a $1.5 trillion deficit. The decade after that, about $4.7 trillion according to CBO. So about $6 trillion of deficits. How is a trust fund that has no value, federal government, going to fund Social Security over the next 20 years? (04:13–04:18)

CLAIM

Asserts that Social Security will face a $1.5 trillion deficit in the next decade.

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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