CNN's Chernoff falsely claimed Social Security will "be out of money in 2041"

SUMMARY: CNN senior correspondent Allan Chernoff falsely asserted on The Situation Room that Social Security "will go bust, be out of money, in 2041." In fact, according to a 2007 federal report, "[p]resent tax rates would be sufficient to pay 75 percent of scheduled benefits after trust fund exhaustion in 2041 and 70 percent of scheduled benefits in 2081."

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