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Yo_Mama_Been_Loggin

(137,470 posts)
Sun Aug 17, 2025, 03:03 PM Aug 2025

Donald Trump's "One Big, Beautiful Bill" Will Speed Up the Timeline to Social Security Benefit Cuts, New Analysis Finds

For most aging Americans, Social Security income isn't a luxury -- it's a necessary payout that ensures a stable financial foundation.

For 24 years, Gallup has been surveying retirees to gauge their reliance on the income they receive from Social Security. Every year, 80% to 90% of respondents have noted their payout represents a "major" or "minor" income source. In other words, it's a necessity, in some capacity, to cover their expenses.

Ideally, elected lawmakers -- which include President Donald Trump -- should be doing everything in their power to ensure the long-term financial stability of Social Security. But based on the latest update from the Social Security Board of Trustees, that's not happening.

Worse yet, President Trump's flagship tax and spending law, the "big, beautiful bill," is expected to speed up the timeline to across-the-board Social Security benefit cuts, according to a new analysis.

https://www.msn.com/en-us/money/retirement/president-donald-trump-s-one-big-beautiful-bill-will-speed-up-the-timeline-to-social-security-benefit-cuts-new-analysis-finds/ar-AA1KFlsr

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Donald Trump's "One Big, Beautiful Bill" Will Speed Up the Timeline to Social Security Benefit Cuts, New Analysis Finds (Original Post) Yo_Mama_Been_Loggin Aug 2025 OP
Shocking SheltieLover Aug 2025 #1
When they make these massive cuts most of us won't survive Eliot Rosewater Aug 2025 #2
All I know is that we finally have peace in Gaza. markodochartaigh Aug 2025 #5
Amazing isn't it, our country is destroyed because of them Eliot Rosewater Aug 2025 #8
From the article: markodochartaigh Aug 2025 #3
It will take a bipartisan effort and agreement to make that happen GoodRaisin Aug 2025 #7
Kick dalton99a Aug 2025 #4
Remember the Clinton surplus? Delarage Aug 2025 #6

Eliot Rosewater

(34,296 posts)
2. When they make these massive cuts most of us won't survive
Sun Aug 17, 2025, 03:10 PM
Aug 2025
https://www.fool.com/retirement/2025/07/06/social-security-benefits-cuts-2033-retired-workers/


Probably academic since I’m pretty sure they’re just gonna steal it all anyway very very soon.

Hey but Hillary gave a speech to rich people once so you know no reason to vote Trump can’t be all that bad.

markodochartaigh

(5,545 posts)
5. All I know is that we finally have peace in Gaza.
Sun Aug 17, 2025, 03:19 PM
Aug 2025

I mean we have peace, right? There's no more protests on the news every day.

markodochartaigh

(5,545 posts)
3. From the article:
Sun Aug 17, 2025, 03:13 PM
Aug 2025

"Ongoing demographic changes are primarily to blame for Social Security's financial struggles".
No, the primary reason that Social Security is facing "financial struggles" is the fact that there is a cap on which the wealthy pay into it. A doctor making $300,000 a year pays the same amount as a techbro making $5,000,000 a year. And they both pay the same as someone making $176,000 a year.

GoodRaisin

(11,062 posts)
7. It will take a bipartisan effort and agreement to make that happen
Sun Aug 17, 2025, 03:35 PM
Aug 2025

and we are running out of time. Krasnov is fine with letting the clock run, he even sped it up a little.

Delarage

(2,615 posts)
6. Remember the Clinton surplus?
Sun Aug 17, 2025, 03:26 PM
Aug 2025

And Al Gore saying it should go into a lock box to ensure its solvency? Along with Clinton and Gore challenging the automobile industry to come up with hybrid vehicles.... Ford and GM obliged with some nice diesel hybrids that got close to 70 MPG. So we got Bush v. Gore, the Florida debacle, and tax cuts for billionaires instead.

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