So in spite of the promise not to cut SS benefits

Crepitus

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They have produced a budget that cuts SS benefits.

And yes, raising the retirement age is a cut to your benefits.

Look here to see how many are affected in your district.

 
They have produced a budget that cuts SS benefits.

And yes, raising the retirement age is a cut to your benefits.

Look here to see how many are affected in your district.

June 06, 2024

Biden’s proposed budget would cut $17 billion from Social Security revenue.

WASHINGTON, D.C. – Social Security’s finances are on an unsustainable path, warned the Social Security chief actuary and director of the Congressional Budget Office at a recent Ways and Means Social Security Subcommittee hearing. When the Old-Age and Survivors Insurance (OASI) Trust Fund is totally exhausted as is expected to occur in 2033, seniors will face at least a 20 percent cut in benefits unless congress steps in and takes action to protect retirees. Meanwhile, President Biden’s proposed budget for Fiscal Year 2025 would further weaken the program and put hard-earned benefits in jeopardy with a $17 billion cut in revenue to Social Security Trust Funds.

Social Security Finances On Unsustainable Path

The Biden Administration is doing nothing to pull back from Social Security’s unsustainable financial path. In his opening statement, Social Security Subcommittee Chairman Drew Ferguson (GA-03) laid out that Social Security spending will continue to grow as a percentage of the nation’s economic output. Instead of offering a plan, the Biden Administration has weakened the program’s finances. On top of proposing a budget that would result in a $17 billion cut in program revenue over the next decade, in just the past six months, the Biden Administration through executive action and rulemaking has unilaterally added $24 billion of unpaid for new costs to the program.

Three Key Moments from Social Security Subcommittee Hearing on Trust Funds in 2024 and Beyond – Ways and Means
 
June 06, 2024

Biden’s proposed budget would cut $17 billion from Social Security revenue.

WASHINGTON, D.C. – Social Security’s finances are on an unsustainable path, warned the Social Security chief actuary and director of the Congressional Budget Office at a recent Ways and Means Social Security Subcommittee hearing. When the Old-Age and Survivors Insurance (OASI) Trust Fund is totally exhausted as is expected to occur in 2033, seniors will face at least a 20 percent cut in benefits unless congress steps in and takes action to protect retirees. Meanwhile, President Biden’s proposed budget for Fiscal Year 2025 would further weaken the program and put hard-earned benefits in jeopardy with a $17 billion cut in revenue to Social Security Trust Funds.

Social Security Finances On Unsustainable Path

The Biden Administration is doing nothing to pull back from Social Security’s unsustainable financial path. In his opening statement, Social Security Subcommittee Chairman Drew Ferguson (GA-03) laid out that Social Security spending will continue to grow as a percentage of the nation’s economic output. Instead of offering a plan, the Biden Administration has weakened the program’s finances. On top of proposing a budget that would result in a $17 billion cut in program revenue over the next decade, in just the past six months, the Biden Administration through executive action and rulemaking has unilaterally added $24 billion of unpaid for new costs to the program.

Three Key Moments from Social Security Subcommittee Hearing on Trust Funds in 2024 and Beyond – Ways and Means
Opinions from people trying to appease tRump/musk.

Meaningless in this context.
 
June 06, 2024

Biden’s proposed budget would cut $17 billion from Social Security revenue.

WASHINGTON, D.C. – Social Security’s finances are on an unsustainable path, warned the Social Security chief actuary and director of the Congressional Budget Office at a recent Ways and Means Social Security Subcommittee hearing. When the Old-Age and Survivors Insurance (OASI) Trust Fund is totally exhausted as is expected to occur in 2033, seniors will face at least a 20 percent cut in benefits unless congress steps in and takes action to protect retirees. Meanwhile, President Biden’s proposed budget for Fiscal Year 2025 would further weaken the program and put hard-earned benefits in jeopardy with a $17 billion cut in revenue to Social Security Trust Funds.

Social Security Finances On Unsustainable Path

The Biden Administration is doing nothing to pull back from Social Security’s unsustainable financial path. In his opening statement, Social Security Subcommittee Chairman Drew Ferguson (GA-03) laid out that Social Security spending will continue to grow as a percentage of the nation’s economic output. Instead of offering a plan, the Biden Administration has weakened the program’s finances. On top of proposing a budget that would result in a $17 billion cut in program revenue over the next decade, in just the past six months, the Biden Administration through executive action and rulemaking has unilaterally added $24 billion of unpaid for new costs to the program.

Three Key Moments from Social Security Subcommittee Hearing on Trust Funds in 2024 and Beyond – Ways and Means
Cutting SS revenue is not the same thing as cutting current SS benefits for millions of Americans.

What you posted is stating that SS is not raising enough money for future payments to Americans. That's a different issue.
 
They have produced a budget that cuts SS benefits.

And yes, raising the retirement age is a cut to your benefits.

Look here to see how many are affected in your district.

People live and work longer so raising the age limit was done for my age group and other age groups before mine and will again as more and more people work longer....
But no one even close to nearing retirement or in retirement will have one penny cut... so Crepitus stop with this bullshit.....
 
They have produced a budget that cuts SS benefits.

And yes, raising the retirement age is a cut to your benefits.

Look here to see how many are affected in your district.

That is spin by the Democrats.

What are the actual numbers?

What are the Reps proposing to raise the retirement age to?
 
What the actual fuck are you babbling about?
You are not aware of the thousands of people over the age of 120 that are getting benefits?

Think of it like dead people voting in Chicago.

 
You obviously don't know how SS works.
I do. There is always a threat of SS running out of money in the future. That has been the case for decades. That's why the $17 billion cut in revenue last year is a concern.

But it's not a catastrophe compared to what Trump is planning now.
 
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