Personnel cuts proposed by the Department of Government Efficiency threaten Social Security, which serves 61 million Americans. This program, crucial for retirees and the disabled, constituted a $1.6 trillion expenditure last year, representing the government's largest cost. With forecasts indicating Social Security could run out of funds by 2035, potential job cuts could interrupt benefits, challenging financial stability for those reliant on these payments. Experts warn that the consequences of such cuts could significantly affect the U.S. economy and millions of dependents.
Social Security, the bedrock of safety net payments to 61 million Americans, could be interrupted by personnel cuts made by the Department of Government Efficiency (DOGE). It could create an economic catastrophe, at least for those who rely heavily on the funds.
Ultimately, you're going to see the system collapse and an interruption of benefits. I believe you will see that within the next 30 to 90 days.
Currently, the Social Security Board of Trustees projects the program cost to rise by 2035 so that taxes will be enough to pay for only 75 percent of scheduled benefits.
It is hard to imagine what the cuts would do to the US economy, but they are bound to be significant for tens of millions of people.
Collection
[
|
...
]