Democrats have morphed from being the Party of Chaos to the Party of Chicken Little. For years, the Dems accused Donald Trump of colluding with Russia, in a desperate attempt to kill him politically.
That didn't work because Trump, rising like a phoenix, was elected President for a second term. So, Trump haters switched tactics. Like Chicken Little warning the barnyard that the sky is falling, they're hysterically accusing Trump of destroying Social Security.
This gambit may be working. Last week's anti-Trump rallies featured thousands of oldsters holding signs proclaiming "Hands Off Our Social Security."
It would indeed be a calamity if Social Security collapses. Four out of ten retirement-age Americans rely on Social Security as their sole source of income. If their monthly benefit checks stopped coming, they'd be in the soup lines within a week. That's a scary thought.
Moreover, it is theoretically possible that Social Security will go belly up in 1935, when SS trust funds are depleted. That's another scary thought.
Why is Social Security on shaky ground financially? First, Americans live longer than they did when the program was introduced, so they're drawing benefits for longer periods. In 1940, the life expectancy of a 65-year-old was 14 years. Today, a 65-year-old can expect to live 20 more years.
Secondly, the ratio of workers making Social Security contributions to the people receiving benefits has decreased dramatically from 16 to 1 in 1940 to 2.7 to 1 today.
According to the legacy media and leftist think-tank wonks, Trump's policies are further threatening Social Security benefits for millions of Americans. But that's not true.
On the contrary, Trump's Department of Government Efficiency (DOGE) is working hard to reduce the national budget deficit, which is expected to be $2 trillion this year. That's on top of the cumulative national debt, now topping $36 trillion.
If the U.S. doesn't get government spending under control, myriad government services will be reduced or eliminated--not just Social Security.
It seems evident that eliminating waste, mismanagement, and fraud in the federal government is essential to balancing the nation's budget. Part of that effort must include trimming the number of federal employees, including nonessential Social Security Administration workers.
Sadly, that means the federal government will have less money for housing illegal aliens in 5-star hotels and less cash for promoting transgender sports.
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Image credit: Portsmouth Herald |