An analysis by an independent group, the Committee for a Responsible Federal Budget, indicates that the Malignant Loser's plans would bankrupt the Social Security Trust Fund in six years. From the Washington Post:
"A new report projects that the Social Security Trust Fund might run out of money within six years under a Donald Trump presidency, while Vice President Kamala Harris’s proposed policies would not meaningfully change the current trajectory.
Social Security faces a looming funding crisis in an aging country, with trustees most recently predicting that the retirement and disability program’s trust fund will become insolvent in 2035. Many of Trump’s campaign proposals would accelerate that timeline, potentially by years, said the Committee for a Responsible Federal Budget, a nonpartisan group that opposes large federal deficits.
In a report released Monday, the organization concluded that many of Trump’s proposed second-term agenda items all work in the same direction when it comes to the Social Security Trust Fund. The budget group did not produce a similar report on Harris’s policies because they would have a negligible effect measured only in weeks or months rather than years, said Marc Goldwein, CRFB’s senior policy director." (our emphasis)
Much of the Malignant Loser's approach is simple pandering for the short term in exchange for long term damage:
"Most directly, Trump has promised that no Social Security recipients should have to pay federal income taxes on their benefits. Under current law, 40 percent of beneficiaries pay taxes on some portion of their Social Security. The tax they pay on their benefits goes directly back to the trust fund, and getting rid of it could cost the program almost $1 trillion over 10 years, the report forecast." (our emphasis)
It's almost impossible to cut through the noise and the propaganda on right-wing media sites supporting the Malignant Loser, but it's not too late to get this analysis before the American people so that they know one of the many risks of electing the Malignant Loser.
2 comments:
When Trump loses and after we win the Second Civil War, how can we ever hope to quell what Trumpism loosed on us? A scary-large percentage of the country has the mentality of adolescent boys laughing at dick jokes and screaming, "stick it to the man!" But, these are adult men and women who ARE "the man" and have to be relied on to raise families, have jobs, pay taxes, run businesses, operate the government, grow older, collect their Medicare/SS, and keep the country chugging along! I don't imagine that people will snap out of it. If they come out of it slowly will we have a period of deep national depression during which people will seek the next charismatic cult leader and we'll be worse off?! Just askin'!
Six years, but that would be after his presidency, so it would be the next president's fault.
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