Report: Social Security Trust Fund Goes Dry in 2033. Economic Indicators Under Biden Disastrous.
While there is certainly waste, fraud and abuse in our Social Security and Medicare system, the simple truth is that a great many disabled Americans and retirees could not survive without this assistance. When the excess cash in the Social Security Trust Fund runs out a 23% cut in benefits will be forced by law. A disaster.
Leaders in both political parties say “Social Security will not be touched” virtually guaranteeing a disaster for countless Americans. Reforms need to be made soon.
A serious crackdown of waste and fraud must take place and “means testing,” a denial of benefits for the rich who have paid into the system, is also required. Even so, such reforms will only make up a small percentage of what will be required.
The United States must create wealth to fortify Social Security and start paying down the national debt. Congress must also engage in spending discipline, which will be difficult as most of their power comes from their ability to spend money we no longer have.
The United States must export wood, coal, paper, oil, and natural gas. The climate cult must be put it its place. The United States must also become and manufacturing and tech powerhouse. This means doing whatever it takes to prevent China from stealing out intellectual property.
The Democratic Party is not up to this task. They will follow their ideology to our destruction and will be happy to do so just as has been done in Venezuela under corrupt socialist leaders such as Hugo Chavez that Democrats and thier corporate media allies practically worshipped.
The 2024 Republican nominee must have a serious create wealth, pro-growth, anti-corruption agenda. Anyone who opposes that agenda should be blasted for working to condemn our seniors and disabled to a life of squalor.
The report on the Social Security Trust Fund is brought to you by Epoch Times below:
Larry Kudlow and Byron Donalds go over the Biden economic indicators comparing them with these same indicators under Trump. They provide a valuable perspective on why the United States must change course:
Related: Biden regulations have cost Americans almost $10,000 per household. Biden admin regulatory costs surpassing those under Obama, research shows - LINK.