The Social Security program is the largest single item in the annual federal government budget, accounting for roughly one-fifth of every dollar spent.
Biden opposes cuts to Social Security benefits and supports expanding Supplemental Security Income (SSI) for seniors and people with disabilities.
Biden made it clear in his State of the Union address that he will stop any attempts to cut Social Security, Medicare, or raise the retirement age.
Biden's approach to solving the Social Security funding shortfall focuses on ensuring higher-income Americans pay their fair share through taxes, rather than cutting benefits or raising the retirement age.
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