So, Senator, first of all, I think it's just very important that seniors understand that those obligations are full faith, please, full faith and credit. Do you, do you agree with this statement in OMB's own publication that The trust fund is an asset offset by liability netting to zero value to the federal government. By the way, CBO Director Elmendorf did. Senator, if I could, if I could finish, I would just say, as I said, we spent time talking about this. (03:05–03:12)
CLAIM
Asserts that the trust fund's assets are offset by liabilities, resulting in zero net value for the government.
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