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

[Omaha Steve]

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?ocid=winp2fptaskbarhover&cvid=feaf94fc518d4f2db5797ce72b860570&ei=23

Story by Sean Williams • 12h

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.

Social Security benefit cuts are an estimated eight years away

Before digging into Donald Trump's newly passed law, the groundwork needs to be laid for what challenges await America's leading retirement program.

FULL story at link above.

[JMCKUSICK]

1. Thank you OS

The scary thing about this is how silent the AARP has been for years on this.

[BoRaGard]

2. "Ha ha. American suckers. H ha." - G.O.P. & Golf-Cheat-in-Chief