If Reelected, Would Trump Cut Social Security?
Ready or not, election season is beginning to ramp up, more than a full year ahead of the presidential election on Nov. 3, 2020. The future of a lot of programs and government spending is clearly on the line.
Near the top of the list of concerns for the American public is the future of Social Security. Although Social Security has been a financial pillar since it was signed into law more than 84 years ago, the latest annual Trustees report, and the 33 before it, haven't painted the brightest outlook for our nation's most successful social program.
According to the Trustees report, Social Security's more than $2.9 trillion in asset reserves (that is, its net-cash surpluses built up since inception) are expected to be completely exhausted by 2035 as the result of numerous ongoing demographic changes.
Source Fool.com
