Is Donald Trump Coming for Your Social Security if He Wins in November?
Social Security's Funding Shortfall
Despite its vital role, data shows that Social Security is facing a $22.4 trillion long-term funding shortfall.
Proposed Solutions
Republicans aim to raise the full retirement age and change the COLA measure, while Democrats propose a payroll tax increase and a CPI-E swap. Both parties' solutions have drawbacks and highlight the need for a bipartisan approach.
Bipartisan Cooperation
The most effective way to strengthen Social Security is through bipartisan collaboration, similar to the successful 1983 Amendments, to ensure the program's long-term financial health and benefit future retirees.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.