Ron Johnson: “Social Security over the next 30 years will pay out about…”

“Outlays revenue deficit. The first two rows really point us in the direction of what needs to be fixed. And of course you guys recognize that with your, with your goals. Social Security over the next 30 years will pay out about $15 trillion more in benefits than takes in the payroll tax. Medicare will pay out about $35 trillion more in benefits than it takes in the payroll tax. That's 50 trillion of the $127 trillion. The rest, the rest of that deficit is in interest.” (10:02–10:09)

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