Senator Chuck Hagel (R-NE) talks about the future of Social Security
Hagel claims that Social Security is not in a crisis but is unstable
and over the next 75 years, America will carry 3.7 trillion dollars in
unfunded liability in Social Security. He also claims that in 2018,
more money will be paid out of Social Security than comes in and in
2042, the Social Security Trust Fund will be insolvent. (:27)
March 7, 2005
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