You consolidate the set of books. Federal government, it has no monetary value. So anybody telling you that Social Security is solvent to the year 2033 is. Isn't looking at it from an … Social Security will hemorrhage $12.7 trillion over the next 30 years. … payroll tax. Medicare is even worse, probably about $36 trillion over the next 30 years of deficits. So this deal avoids another government shutdown, but it doesn't address those big problems. (02:24–02:29)
CLAIM
Asserts that Social Security will have a $12.7 trillion deficit over the next 30 years.
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