… office, we met, and I told him exactly what questions I'd be asking the Budget Committee. I want to talk about the Social Security Trust Fund and the fact that OMB in its own publication, admits the fact that the trust fund, yeah, it's an asset to the trust fund, those U.S. government bonds, but they're an offsetting liability to the Treasury. And in OMB's own words, in their own publication, it says that transaction nets to zero. They are not balances that can be paid, that can be used to pay the. (00:32–00:44)
CLAIM
Asserts that OMB publications state Social Security Trust Fund assets are offset by Treasury liabilities.
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.
