It’s budget season in Washington, which means the politicians are delivering their annual warnings about the looming Social Security crisis. How big of a crisis — and how close it looms — is largely within their control, and there are basically three proposals to address it: one from House Republicans, one from President Joe Biden, and one from former President Donald Trump.

Trump’s plan is so bad that Republicans decided to attribute it to Biden instead. The budget proposal from the House’s Republican Study Committee, released last week, points out that if no changes are made, the Social Security trust fund will be exhausted by 2032. “Ignoring this fact, as the Biden Administration and Congressional Democrats have, will lead to the largest across-the-board cuts to current Social Security retirement beneficiaries in history,” its report reads.

QOSHE - Raising the Retirement Age Won’t Help Anyone - Matthew Yglesias
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Raising the Retirement Age Won’t Help Anyone

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24.03.2024

It’s budget season in Washington, which means the politicians are delivering their annual warnings about the looming Social Security crisis. How big of a crisis — and how close it looms — is largely within........

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