But President Biden has a good song to sing….
Older Americans rely on Social Security….
There are two sections of the program…
One for retires….
One for disbabilities…
One supplies the other…
The both are good for about 10 tears before they would run out of money….
Every year we get the same story….
Social Security is in trouble….
In the near future it really isn’t….
Older Americans are the prime beneficiaries of the program they had paid into for decades…
Older Americans come out and vote in LARGER numbers then young ones….
That means that NOBODY?
Meaning the REPUBLICANS are NOT gonna fuck with Social Security…
Biden saying GOPer’s would cut the program WILL put the Republicans in a bad place….
President Biden warned on Tuesday that Republicans posed a threat to Social Security and Medicare, amplifying an effort by Democrats to make the fate of America’s social safety net programs a central campaign issue ahead of November’s midterm elections.
The comments were part of a push by Democrats across the country to steer the political conversation away from soaring prices and growing recession fears and remind anxious voters that some Republicans have been calling for restructuring or scaling back entitlement programs that retirees have relied on for decades.
The strategy is a return to a familiar election-year theme. Although Mr. Biden, who spoke from the White House’s Rose Garden, offered few details about how he would preserve the benefits, he insisted that if Republicans regained control of Congress they would try to take them away.
“What do you think they’re going to do?” Mr. Biden asked, brandishing a copy of a plan drafted by Senator Rick Scott, Republican of Florida, that would allow Social Security and Medicare to “sunset” if Congress did not pass new legislation to extend them.
A spokesman for Mr. Scott said the senator was fighting to protect Social Security and Medicare.
The criticism has put Republicans on the defensive, with many arguing that their policies would ensure that Social Security and Medicare do not run out of money….
The Social Security Old-Age and Survivors Insurance Trust Fund, which pays retiree benefits, will be depleted in 2034, at which time the fund’s reserves will run down and incoming tax revenue will be enough to cover only 77 percent of scheduled benefits. Medicare’s hospital trust fund, which does not affect benefits that cover doctor visits and prescription drugs, improved last year but is expected to encounter a shortfall in 2028.
Concerns about the solvency of the programs come as retirees are grappling with the highest levels of inflation in four decades. Social Security payments are expected to increase by around 9 percent next month when a cost-of-living adjustment that is pegged to inflation is announced….