Welp.
You hear that, kids? All that money being taken stolen out of your paychecks for the government's socialist retirement plan?
Yeah, you'll never see it again.
From CBS News:
In last year's report, the program's trustees projected that the Old-Age and Survivors Insurance fund, which pays benefits to retirees and survivors of deceased workers, would be depleted in 2033. In August, the agency moved the insolvency date to the end of 2032, citing the One Big Beautiful Bill Act's effect on taxation of benefits.
Politicians have been using the "Social Security insolvency" scare tactic in campaign speeches for decades, but this time it might finally be the real thing.
On Tuesday, the Social Security Administration said the agency would pay 78% of benefits upon insolvency.
Yeah, that's lovely.
Getting 78 cents on the dollar in return for decades of paying into the program is wonderful news for Americans β especially those on track to retire in the coming years.
'If we cut Social Security, nobody will be able to retire,' Nancy Altman, president of Social Security Works, an advocacy group for the program, told CBS News. 'It'll go back to the years before Social Security, when people moved in with their adult children.'
You hear that, people? If something isn't done to fix Social Security soon, you can look forward to your parents moving in with you.
Speaker Mike Johnson says 74% of the federal budget is on "autopilot," meaning payments for Learing Centers in Minneapolis are automatically funded.
Like it or not, unless something changes fast, we are going to run out of money.
Hundreds of billions, if not trillions, of dollars are estimated to be wasted through incompetence and fraud each year. We have the money, but we're setting it on fire.
But don't worry β Congress is laser-focused on looking into the NCAA transfer portal and other equally important matters. They'll get around to waste, corruption, fraud, deportations, and election security at some point. Maybe.
Comforting, right?
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