The Unfortunate Truth About the Future of Social Security and Benefit Cuts
The Social Security program is in desperate need of reform, and Washington lawmakers know it. Even so, Congress has sidestepped the politically fraught issue for years. Both parties have instead resorted to vague platitudes and empty promises, choosing not to rock the boat for fear of alienating voters.
For instance, President Joe Biden and House Speaker Kevin McCarthy have rejected the idea of benefit cuts and touted their commitment to strengthening Social Security, but neither politician has provided much detail. Even worse, Biden and McCarthy are ignoring historical precedent that implies benefit cuts are unavoidable.
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Source Fool.com
