Social Security is in jeopardy of cutting benefits in just a decade, and no one's stepping in to fix it
Some programs will actually be able to provide full benefits for longer than anticipated: The Hospital Insurance Trust Fund, a key Medicare program, will be able to pay out full benefits through 2031, three years longer than estimated last year.
."The Biden-Harris Administration is committed to ensuring the long-term viability of these critical programs so that retirees can receive the hard-earned benefits they're owed."right now as lawmakers are debating raising the debt ceiling before the US defaults on its debt. Since Republicans took over control of the House, they have been using the debt ceiling as a bargaining chip to achieve their own priorities in the form of significant spending cuts.
"House Republicans are determined to cut Social Security and Medicare," House Minority Leader Hakeem Jeffrieson Twitter on Wednesday."Is that why they continue to hide their extreme budget from the American people?"
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Countdown to cuts: Social Security has enough money in trust fund for only 10 more yearsThe Social Security Administration said Friday that its main trust fund will run out of money in 2033, leaving the program with no reserves and forcing an immediate 23% cut in benefits unless Congress acts to shore up the program before then.
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Social Security surplus will run out in 10 years, report estimates'Lawmakers have many options for changes that would reduce or eliminate the long-term financing shortfalls...,' trustees wrote. 'With each year that lawmakers do not act, the public has less time to prepare for the changes.'
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How Trump Can Use Social Security and Medicare to Destroy DeSantisForget Ukraine. Retirement programs are the real killer.
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Social Security update: Direct payment worth up to $4,555 goes out to millions in 13 daysThe first of three rounds of Social Security retirement payments for April, worth up to $4,555, will be sent to recipients in 13 days. The first round of April's payments will go out on Wednesday, April 12.
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Social Security game lets you decide how to fund the programYou can now test drive solutions to the Social Security crisis from raising the retirement age to cutting benefits in a new Animal Crossing-like game
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Fox News Poll: 71% choose funding Social Security, Medicare over budget cutsMost voters see the national debt situation as a major problem but would rather continue funding entitlement programs than reduce the federal budget deficit.
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