Trump plan would make Social Security insolvent in just 6 years, budget group says
Former President Donald Trump’s campaign plans would significantly accelerate the already-fast-approaching date when Social Security is projected to run out of money, a nonpartisan budget group said Monday.
Trump’s agenda would make the popular government program, relied upon by millions of American seniors, insolvent in six years — shrinking the current timeline by a third, the group found.
The Republican nominee’s proposals would also expand Social Security’s cash shortfall by trillions of dollars and lead to even steeper benefit cuts in the coming years, said US Budget Watch 2024, a project of the Committee for a Responsible Federal Budget.
“We find President Trump’s campaign proposals would dramatically worsen Social Security’s finances,” the CRFB budget group said in a blog post. [Continue reading…]