Turn Off Ads On Site My Account
Social Security Cuts Affect Millions Over 60 – Skyrocketing Inflation Could Send Payouts Plummeting in a Decade
By Adam Casalino|December 28, 2022
Social Security Cuts Affect Millions Over 60 – Skyrocketing Inflation Could Send Payouts Plummeting in a Decade

What’s Happening:

Joe Biden claims he’s done more for retired Americans than previous presidents. Oh, really? Then why has he spent much more time and money helping non-Americans who came here illegally, than hard-working citizens?

Biden has shipped billions of dollars to nations overseas. He has dumped billions into “green” companies–run by rich Democrat donors. The one group that has been neglected (aside from working Americans) is retired Americans. And now, a dire report is coming that reveals the social safety net for seniors is about to break.

From The Epoch Times:

Without action to fix the situation, huge [Social Security] benefit cuts for recipients will begin in 2033. And preventing those cuts will require massive tax increases for working Americans beginning immediately.

…the CBO estimates that Social Security’s combined retirement and disability insurance programs will run out of money two years earlier…

The program is running out of time and money, recent increases in government spending and debt have crowded out options for reform, and virtually all Americans stand to lose from policymakers’ inaction.

Because Biden has burned through our cash on leftist projects, Social Security might run out of money two years earlier than originally projected. That means benefits will have to be slashed starting next year if the program is to survive.

The only alternative is massive tax increases for Americans currently working, and currently suffering under Biden’s inflation and recession. Biden, despite his claims, has completely neglected Social Security. He has constantly demanded Congress give him billions for Ukraine.

He’s pushed spending programs that will cost America trillions of dollars–to fund green companies. Yet he’s done nothing to make sure retired Americans can continue to receive the benefits they need.

All those retired Americans who voted for Biden in 2020 and Democrats in 2022 are getting the shaft. Massive tax increases will be hard to swing, with Republicans taking control of the House in 2023. And Democrats are too concerned with their progressive agenda to care about senior Americans.

So, the only option is for benefits to be slashed or the shutting down of the program entirely. If Biden had only bothered to pay attention to this, we wouldn’t be in this problem. Yet Biden didn’t care. After all, he and his family are filthy rich. He won’t need SS when he retires. Why should he care if it fails?

Key Takeaways:

  • Thanks to Biden’s reckless spending, Social Security could be out of money in a few years.
  • The program will have to make massive cuts or raise taxes, to survive.
  • Biden has neglected the program to throw money at leftist projects and goals.

Source: The Epoch Times

mm
Adam Casalino
Adam Casalino is a freelance writer, cartoonist, and graphic designer. He is a regular contributor for the Patriot Journal. Find his other work: www.talesofmaora.com
Adam Casalino is a freelance writer, cartoonist, and graphic designer. He is a regular contributor for the Patriot Journal. Find his other work: www.talesofmaora.com
Copyright © 2023 ThePatriotJournal.com