The Joe Biden Administration has been faced with sheer backlash from many of the decisions made since taking office but lately one of the most notable issues the administration is facing is their handling of Social Security…The Congressional Budget Office, a non-partisan group that analyzes congress has recently released a report detailing the issues that the federal government has carried out regarding Social Security including whopping cuts to benefits.Their specific report spells a more damning warning than other reports which could bring chaos if the course is not corrected sooner than later.
The Congressional Budget Office estimates that the Social Security Administration’s combination of both retirement and disability insurance programs will run out of money two year earlier than the annual report listed by the Social Security Administration’s Trustee’s.
That specific year estimated by the CBO lists that it will run out of money in 2033 instead of 2035. This more realistic estimation is spelling a dire warning that will require a distinct recourse of action that Biden’s Administration seems to not be going down.......... To Read More....
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