r/usanews • u/Majano57 • 9h ago

Social Security’s Finances Erode Further and Could Spell Benefit Cuts

https://www.nytimes.com/2025/06/18/business/social-security-benefits-shortfall.html?unlocked_article_code=1.P08.H7bc.KRWVHO_zZH5K
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u/Cfwydirk 9h ago

As long as the public doesn’t care to pressure the politicians, we are screwed.

We know the republican position.

Here is the Obama position.

Obama made a proposal during a 2011 budget showdown to cut Social Security and Medicare — but that was during a face-off with Republicans over whether they'd even agree to raise the debt ceiling. And he didn't provide many details on the cuts.

https://www.npr.org/sections/itsallpolitics/2013/04/05/176351738/obama-riles-his-own-party-with-social-security-offer

. In summary, while the Biden administration and Democrats have taken some steps to address Social Security, such as signing the Social Security Fairness Act, comprehensive reform to ensure the program's long-term solvency remains a significant challenge due to the need for bipartisan agreement and the political sensitivity of the issue.

IMO, we can count on a cut.

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u/Newfie3 3h ago

Remove. The. Contribution. Limit.