It's pretty stark. Over the next 30 years, Social Security will pay out $14.6 trillion more in benefits than it takes in the payroll tax. According to CBO, Medicare Social Security will pay out $14.6 trillion more in benefits than it takes in the payroll tax over the next 30 years. And then we will pay out to our creditors $71 trillion. And that all totals up to $121 trillion. The entire deaths over the next 30 years is 127. (00:47–00:54)
CLAIM
Asserts that Social Security will have a $14.6 trillion shortfall over 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.
