More absurd in their debt. More absurd that we have $34 trillion in debt. And Nick, I'll tell you this. In eight short years, Social Security, Medicare, they're going to be insolvent and our debt's going to be $50 trillion. So you have an insolvency on one hand and then you have debt on the other. And we're now a trillion dollars in interest payments on the debt. (12:14–12:23)
CLAIM
Asserts that Social Security and Medicare will be insolvent in eight years, and the national debt will reach $50 trillion.
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.
