Allison, we need to encourage Americans to save more for retirement because over the next 30 years, Social Security will have a $18 trillion deficit in terms of the number of benefits it pays out versus what it gets in the payroll tax. So this would be the worst time to disincentivize people from saving for their retirement. Senator Ron Johnson, thank you. Great to talk to you about all of this. (05:59–06:07)
CLAIM
Asserts that Social Security will face an $18 trillion deficit 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.
