According to CBO, Medicare will pay out $35 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 [in interest] over the next 30 years. next 30 years is 127. Let me just lay out how that occurs by decade. $8 trillion the first decade, $31 trillion the second decade, $88 trillion the third decade. (01:02–01:06)
CLAIM
Asserts that $71 trillion will be paid in interest to creditors over 30 years.
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