This is CBS Eye on the World.

Here's John Batchler.

Social Security Medicare, critical to the senior population of which I am one.

And because we are very healthy seniors and will live great number of years, the question

is what about social security, what about Medicare, all aspects of it?

The president of the United States, I learned from reporting by Baranique de Ruggia de

Mercata Center, made a dramatic moment in the state of the union address by saying that

not only is his administration not going to touch, I believe that was the word used, the

metaphor used, social security, but he then implied that the Republicans were looking

to cut it since then the Republican Party in the minority at the House at the time, now

in the majority in the House, still in the majority in the Senate, made it very clear

repeatedly day after day, we're not going to touch it, we're not going to touch it.

None of that is good news for what I learned from Baranique that within a few years of

the end of Mr. Biden's projected second term, the trust funds for social security and the

trust funds for all aspects of Medicare will be gone is the term.

Baranique, I hope I've said all this correctly, gone doesn't sound good, what happens when

they're gone?

Good evening to you.

Good evening, John.

So what's happening is the program right now is using the assets, like social security

and Medicare, the assets in the trust fund to go to Treasury and say, hey, remember that

money that we collected in payroll taxes and we didn't use for all these years and we

...