Democrats have morphed from being the Celebration of Chaos to the Celebration of Hen Little. For years, the Dems accused Donald Trump of colluding with Russia, in a determined try to kill him politically.
That did not work as a result of Trump, rising like a phoenix, was elected President for a second time period. So, Trump haters switched ways. Like Hen Little warning the barnyard that the sky is falling, they’re hysterically accusing Trump of destroying Social Safety.
This gambit could also be working. Final week’s anti-Trump rallies featured hundreds of folks holding indicators proclaiming “Palms Off Our Social Safety.”
It could certainly be a calamity if Social Safety collapses. 4 out of ten retirement-age People depend on Social Safety as their sole supply of earnings. If their month-to-month profit checks stopped coming, they’d be within the soup strains inside every week. That is a scary thought.
Furthermore, it’s theoretically doable that Social Safety will go stomach up in 1935, when SS belief funds are depleted. That is one other scary thought.
Why is Social Safety on shaky floor financially? First, People reside longer than they did when this system was launched, in order that they’re drawing advantages for longer durations. In 1940, the life expectancy of a 65-year-old was 14 years. As we speak, a 65-year-old can anticipate to reside 20 extra years.
Secondly, the ratio of employees making Social Safety contributions to the individuals receiving advantages has decreased dramatically from 16 to 1 in 1940 to 2.7 to 1 at present.
In accordance with the legacy media and leftist think-tank wonks, Trump’s insurance policies are additional threatening Social Safety advantages for hundreds of thousands of People. However that is not true.
Quite the opposite, Trump’s Division of Authorities Effectivity (DOGE) is working onerous to scale back the nationwide finances deficit, which is predicted to be $2 trillion this yr. That is on high of the cumulative nationwide debt, now topping $36 trillion.
If the U.S. would not get authorities spending underneath management, myriad authorities providers will likely be decreased or eliminated–not simply Social Safety.
It appears evident that eliminating waste, mismanagement, and fraud within the federal authorities is crucial to balancing the nation’s finances. A part of that effort should embody trimming the variety of federal staff, together with nonessential Social Safety Administration employees.
Sadly, which means the federal authorities may have much less cash for housing unlawful aliens in 5-star inns and fewer money for selling transgender sports activities.
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| Picture credit score: Portsmouth Herald |
