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whats up everybody my name is joe brown and this is heresy financial every year the trustees for the social security trust fund and the medicare trust fund have to produce a report that shows the health of those trust funds well it turns out that in this latest report the social security trust fund has had one year cut off of its total lifespan and they now expect it will have exactly zero dollars in it it will be depleted in just 12 years so in this video were going to talk about number one how is social security funded like this and why is it different than anything else that the government spends money on and number two we are going to talk about what might happen as a result of that trust fund running out ready lets dive in you might have noticed by now that social security is a little bit different than any other thing that the federal government decides theyre going to spend money on normally if the federal government wants to spend money on something all they have to do is v