We're already cash negative. Over the next 30 years, Social Security will hemorrhage $12.7 trillion. In other words, it'll pay out more in benefits than it takes in in the payroll tax. Medicare is even worse, probably about $36 trillion over the next 30 years of deficits. So this deal avoids another government shutdown, but it doesn't address those big problems. So are you a yes or a no? Well, this is brand new. (02:32–02:37)
CLAIM
Asserts that Medicare will face approximately $36 trillion in deficits over the next 30 years.
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.
