Biden Fiddles While Social Security Burns
I & I Editorial Board
April 4, 2023
The latest Social Security annual report, projecting that the Trust Fund will be exhausted in 2033, a year sooner than previously thought, politely explains that the Trustees “reassessed their expectations for the economy in light of recent developments.”
What recent developments, you ask? Rising inflation, declining output, weakened GDP forecast, and worsening labor productivity.
In other words, this is another bitter fruit from President Joe Biden’s poisoned economic tree.
Treasury Secretary Janet Yellen responded to the news about Social Security that “the Biden-Harris administration is committed to ensuring the long-term viability of these critical programs so that retirees can receive the hard-earned benefits they’re owed.”
more
https://issuesinsights.com/2023/04/04/social-security-is-in-far-worse-shape-than-you-think/
