Thursday, August 17, 2023

Social Security is running out of money

Social Security is running out of money - JOHN SEXTON
"Today in news that should shock no one: Social Security is running out of money. 
Yesterday was the program’s 88th birthday and socialists were celebrating and promising to expand it.

CBS News published a story yesterday explaining why it’s not secure.

Social Security is on track to cut benefits to retirees in 2033, when its trust fund reserves are forecast to be depleted. The reduction could be substantial, according to a new analysis...

...The alternative is to reduce benefits or increase the retirement age. I’m personally in favor of the latter but if you remember how the effort to up the retirement age went over in France recently, you already know why politicians are hesitant to bring it up...

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