Here's the truth that people don't want to recognize because I hear it all the time. This is one of the reasons the American people don't understand the depth of problems. Because they're told repeatedly that Social Security is solvent to the year 2033. It's not. It's already paying more out in benefits than it's taking the payroll tax. It's already in a deficit cash flow situation, except for the fiction of the Social Security trust fund, that accounting convention. (13:24)
CLAIM
Asserts that Social Security is not solvent until 2033, contrary to some claims.
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