Retired Americans Warn About Social Security's Future Under Donald Trump
==========
Retired Americans warn that the future of the Social Security program depends on the next president elected in November. The annual report on the financial status of the Social Security Trust Funds states that the program will be able to pay all scheduled benefits until 2035, a year later than previously expected. However, on the projected depletion day, the Social Security Administration will only be able to pay 83 percent of benefits unless Congress takes action to reform the program. Advocates for retirement safety warn that a potential second Trump presidential term might weaken the Social Security program. The Republican Study Committee proposes $1.5 trillion in Social Security cuts, including raising the retirement age to 69. Supporters of retirement safety believe that President Biden's economic policies are strengthening Social Security, while Republicans want to cut benefits. The future of Social Security depends on the values and choices made by the American people in the upcoming election.
#SocialSecurity #DonaldTrump #Retirement #Election #Congress #PresidentBiden #RepublicanStudyCommittee
https://www.newsweek.com/retired-americans-warn-social-security-future-under-donald-trump-1897836
Newsweek /
npub1ka…2agq5
2024-05-07 16:18:19
Author Public Key
npub1ka5jtasfg8rfe47ypj4x0a2d70fvaksu0u9z9rku70yc8hmjmu9sz2agq5Published at
2024-05-07 16:18:19Event JSON
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"content": "Retired Americans Warn About Social Security's Future Under Donald Trump\n==========\n\nRetired Americans warn that the future of the Social Security program depends on the next president elected in November. The annual report on the financial status of the Social Security Trust Funds states that the program will be able to pay all scheduled benefits until 2035, a year later than previously expected. However, on the projected depletion day, the Social Security Administration will only be able to pay 83 percent of benefits unless Congress takes action to reform the program. Advocates for retirement safety warn that a potential second Trump presidential term might weaken the Social Security program. The Republican Study Committee proposes $1.5 trillion in Social Security cuts, including raising the retirement age to 69. Supporters of retirement safety believe that President Biden's economic policies are strengthening Social Security, while Republicans want to cut benefits. The future of Social Security depends on the values and choices made by the American people in the upcoming election.\n\n#SocialSecurity #DonaldTrump #Retirement #Election #Congress #PresidentBiden #RepublicanStudyCommittee\n\nhttps://www.newsweek.com/retired-americans-warn-social-security-future-under-donald-trump-1897836",
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