Social Security Train Wreck We All Knew Would Happen is Now Upon Us

 When SS was put on the books and made its first payment in 1940, it seemed like a great idea.  It was sold as being one part of a good retirement plan.  Personal savings, company pension and social security.

But today, all bets are off because few Americans have any personal savings, company pensions are no longer as 401k plans took over and now the social security pyramid scheme is about to run dry.  What is a politician to do?  How do you “fix” a plan that was started when the entire country was married and having 4 kids each.  The life expectancy was age 65 and so you didn’t get any money until you were nearly dead.

Today people live til 80-90 and young people don’t want to get married and they don’t want kids so the pyramid has turned upside down with more retirees than workers required to pay the retiree’s benefits.

Americans will soon vote ONLY for politicians who promise them the most free money and benefits because they have been dumbed down in our public schools for 30+ years now and have no idea how history or governments actually work.

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A sudden cut to Social Security checks — long seen as a far-off doomsday — is now an imminent problem for the next president and whomever voters send to Congress in the coming years.

The trust fund that bankrolls monthly checks to retirees is set to be drained of reserves in late 2032. That means tens of millions of Americans age 62 and older, as well as children and widowed spouses who get survivor benefits following the death of a family member, would see their monthly payments shrink by more than 20 percent — or an average of about $500 a month — unless Congress and the president act.

Capitol Hill saw a noticeable surge this summer in the sense of urgency to enact a fix, and alliances have started forming between prominent Republicans and Democrats rallying for a solution. But President Donald Trump and congressional leaders have yet to join the calls to action or back any of the numerous bipartisan bills aimed at preventing benefit cuts.

“This train wreck is going to happen,” Rep. Steve Womack (R-Ark.) said in an interview. “So as early as six years from now, we’re going to have to have a plan. And of course, I’m a big believer that we need to deal with it now, or we need to start the process of dealing with it now.”

Trump has yet to signal interest in a specific fix for the federal government’s single largest safety-net program, sticking instead to broad promises to safeguard benefits.

House Appropriations Chair Tom Cole (R-Okla.) recalled discussing the issue with Trump during his first term as president.

“He said, ‘Tom, I’ll be for this the first day of my second term,’” Cole told reporters this summer about trying to get Trump to push for a fix. “Well, we’re here.”

White House spokesperson Liz Huston said in a statement that Trump “will always protect and strengthen Social Security” and noted that the Republican megabill enacted last summer created a temporary tax deduction for people 65 and older that can be used to reduce taxes owed on Social Security benefits.

“Under his leadership, there will be zero reductions to Social Security payments,” she said, without specifying how Trump proposes to address the 2032 cliff.

https://www.politico.com/news/2026/08/27/social-security-insolvent-cliff-01050928