Dang!
This guy is as dumb as Rick Perry!
He does need to break this down.
He claims to have netted future tax receipts, but doesn’t mention interest income which gets compounded.
We need to see his assumptions. At what age does he assume people are retiring, and how old do they live.
What’s the liability for those already retired where we aren’t getting additional funds.
What’s the liability for those still working, where we are getting funds and there is time for those funds to grow.