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Ron Johnson: “The Trust fund does exist. I got a picture of it. Next…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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Chairman Johnson remarks at HSGAC hearing on governing through goal setting

Published | Video Starts at 14:31

It's really not any asset that can really pay off those benefits. Next chart. Basically that transaction of netting the trust fund asset against the treasury liability in S to zero. But by the way, The Trust fund does exist. I got a picture of it. Next chart. That's it. That's the Social Security Trust Fund. It's a four drawer file located in Parkersburg, West Virginia. This is what the American people are expecting. You're going to be paying off the cash flow deficit of Social Security over the next 20 or so years. (14:31–14:49)

CLAIM

Asserts that the Social Security Trust Fund is physically represented by a four-drawer file in Parkersburg, WV.

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.


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