ICYMI: @johnfugelsang.bsky.social spoke with Alex Lawson of @socialsecurityworks.org about how the Trump administration is making it harder for Americans to claim their earned Social Security benefits.
Video
SiriusXM Progress
Social Security doesn't get weaker by accident, it gets weakened by policy choices.
DONALD TRUMP'S POLICIES ARE DRAINING OUR SOCIAL SECURITY SYSTEM.
Social Security Works
Today, the Trustees announced that the OASI Trust Fund—the reserve that helps pay full benefits when Social Security tax revenue falls short—will run out by 2032, a full quarter earlier than last year’s projection.
This is not bankruptcy, but it is a warning: Congress must act. 🧵
The Social Security baby boomer surplus is now forecasted to be depleted even earlier than before — in part because of Trump policies.
But this is a solvable problem if the wealthy would pay the same rate as all of us into Social Security.
The Social Security Trust Fund is projected to run out in 2032 due to income inequality and a cap on taxable earnings, but this can be avoided by removing the cap and taxing higher incomes.
