April 24, 2023

Social Security is Broken

Social Security has a big problem.

Under current law the Social Security Trust Fund will be used up by 2034. This Trust Fund is the excess money the government has taken from workers with the promise of pay them Social Security in the future.

Under current law this means that Social Security Payments have to be reduced by 23% growing to a 35% reduction.



We can raise taxes, cut benefits or some combination of the two.

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