Which is just an economy gimmick, by the way. It's convention. But when those government bonds are no longer in the trust fund, they've been exhausted to pay the benefits that are now exceeding When the trust fund runs out, benefits will be reduced to match the revenue coming in to be somewhere between 75 and 80% in 20, I think now 33. So again, it's been completely mismanaged. Previous politicians have really lied to the American public about what it is. (15:33–15:42)
CLAIM
Asserts that Social Security benefits will be reduced to 75-80% by 2033 when the trust fund is depleted.
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.
