When the Social Security trust fund comes to treasury and say, okay, redeem these bonds to fund benefits, where does the money come from? The money comes from contributions that no, no, no. People are paying in. The only reason they redeem the bonds is because the payroll tax is not covering the benefits. So they redeem the bonds of the Treasury. Where does the treasury get the money to redeem the bonds? Senator, pretty simple question. (05:18–05:24)
CLAIM
Asserts that bonds are redeemed because payroll taxes do not cover benefits.
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