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Social Security faces steep cuts. These senators want to bet on stocks and $27 trillion in debt to save it—but 'the gamble does not always pay off' | Fortune
"As a result, the most likely outcome is that in the 75th year, the government will end up with a big pile of debt, requiring large interest payments."
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hindustantimes.com
Social Security benefit cut: Why trustees projection on 2032 insolvency risk has beneficiaries concerned
Social Security may run out of full funding by 2032. If Congress does not act, millions of Americans could face benefit cuts of about 22%.
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fortune.com
Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983 | Fortune
The new date exposes a hard political math: debt above 100% of GDP, 2.4 million fewer immigrants and a tax bill that already trimmed program revenue.
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Social Security faces steep cuts. These senators want to bet on stocks and $27 trillion in debt to save it—but 'the gamble does not always…
"As a result, the most likely outcome is that in the 75th year, the government will end up with a big pile of debt, requiring large interest payments."