Here's, here's a little chart. You know, it drives me crazy when people say Social Security is solvent through the year 2035 or 2038. It's not. In the next 20 years, Social Security will pay out $5.1 trillion more in benefits than it takes in, in the payroll tax. This isn't a sustainable system. Medicare is worse. The liabilities in the federal government, you know, just Medicare, Social Security, our debt and what we owe federal retirees is larger than the private net asset base. (08:28–08:35)
CLAIM
Asserts that Social Security will have a $5.1 trillion shortfall in the next 20 years.
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