Congressman DeFazio highlights Social Security trust fund threat from federal debt

Oregon Congressman Peter DeFazio argues in debate on a balanced budget amendment to the Constitution that the dirty little secret about Social Security is that it is trust fund is backed by the full faith and credit of the United States, $3 trillion collected from every working American but with an aging population, Social Security benefits would be cut under the amendment and if the little dream of Republicans passed, seniors would see it reduced by $643 each year, false promises to the American people.
Oregon Congressman Peter DeFazio argues in debate on a balanced budget amendment to the Constitution that the dirty little secret about Social Security is that it is trust fund is backed by the full faith and credit of the United States, $3 trillion collected from every working American but with an aging population, Social Security benefits would be cut under the amendment and if the little dream of Republicans passed, seniors would see it reduced by $643 each year, false promises to the American people.
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May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing, or cast discredit on or dishonour any member of the United States House of Representatives or US Senate, or bring the House or Senate or any Member into disrepute.Editorial Use only. May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing or cast discredit or dishonor any member of the House or bring the House or any Member into disrepute.
Credit:
FedNet / Getty Images
Editorial #:
945875268
Collection:
FedNet
Date created:
12 April, 2018
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Licence type:
Rights-ready
Release info:
Not released. More information
Clip length:
00:01:28:15
Location:
Washington, DC, United States
Mastered to:
QuickTime 8-bit H.264 HD 1280x720 30p
Source:
FedNet
Object name:
hflr041218h.mov