An asset offset by a liability netting to zero. CBO Director Elmendorf was honest. He admitted that Federal Reserve Chair Yellen was honest enough and admitted to that fact. Shaun Doniphan did not [acknowledge the fact of what OMB's own publication said, that you have a. An asset offset by a liability netting to zero]. And I didn't see a whole lot of experience or qualification to be OMB director, quite honestly. So, again, he's a fine man. I'm sure he's a great family man, intelligent, bright guy. (01:14–01:26)
CLAIM
Asserts that Shaun Donovan did not acknowledge OMB's statement about the Social Security Trust Fund.
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.
