Below is a statement from Nancy Altmanpresident Social security workin the 2026 Social Security Trustees Report:
“This is the first Social Security trustees’ report that begins to take into account the policies of Donald Trump’s second term: a tax bill that largely benefited the wealthy, economy-devastating tariffs, a needless war with Iran, and hostility toward immigrants. All of this reduced the amount of money going to Social Security, weakening the system’s finances.
Despite Trump’s harmful policies, Social Security remains affordable if the wealthy are asked to contribute their fair share. Congress has only two options to address the projected deficit: either bring more money into Social Security, or cut benefits. Any politician who refuses to raise revenues, including by forcing the wealthy to pay their fair share into Social Security, is telling us he supports cutting benefits.
The American people, including Republicans, do as well overwhelming In their opposition to even a penny of interest cuts. Supporting means testing and other benefit cuts (even if combined with revenue increases) is a betrayal of the American people.
The future of Social Security is on the ballot. It is possible that any of the US Senators elected next November will have the deciding vote. Accordingly, they must all tell the public how they will vote.
This is especially important for Republican candidates, given House Speaker Mike Johnson Just announced It plans to “adjust and reform” Social Security, Medicare and Medicaid next year. This is what DC-insider talks about “cutting benefits.” Outrageously, Johnson claims this is necessary to reduce the federal deficit — even though Social Security is an vested benefit that doesn’t add a penny to the deficit!
As the trustees’ report clearly states, if there are insufficient revenues, Social Security benefits will be automatically cut off. Johnson’s “solution” is to cut it sooner (and likely by a larger amount) rather than make billionaire donors pay their fair share. Sin. Ted Cruz And the Minister of Treasury Scott Besant More specific than Johnson, he said the Republicans’ plan for Social Security is to privatize, handing Social Security over to Wall Street. Do Republican candidates in the House and Senate agree with Johnson, Cruz and Picent?
Ultimately, the Social Security deficit is a reason for action, but not a cause for undue anxiety. Congress has moved to avoid such shortages before, and it will do so again. When members of Congress act, they should listen to their constituents who overwhelmingly value Social Security, not to their wealthy donors who want to steal their constituents’ hard-earned benefits out of their hands.
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