Bloomberg: “Halfway through the primary season, what’s not getting talked about much on the campaign trail? The Social Security Trust Fund’s new projection that it will run out of money by the end of 2032.”
“That’s upping the ante on the importance of the midterm races this November. With the Senate’s six-year terms, whoever wins this fall will be in office when the fund is depleted. Regardless of which party controls Congress, the next crop of politicians will have to decide whether to hike taxes to cover Americans’ Social Security checks, or slash benefits by an estimated 22%.”
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