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10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy | Fortune
Bessent vowed, "the senior citizen does not not pay more taxes and the senior citizen does not get less benefits." Meanwhile the trust fund is going broke.
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10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy | Fortune
Bessent vowed, "the senior citizen does not not pay more taxes and the senior citizen does not get less benefits." Meanwhile the trust fund is going broke.
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Social Security faces a 24% cut in 2032—that's a $345 billion hit to retirees nationwide, watchdog says | Fortune
Treasury Secretary Scott Bessent once called Trump Accounts a "back door for privatizing Social Security," but now insists retirees will face no loss in benefits.