{
Charles Blahous

People

}
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001122334455554433221100

Debate Intensifies Over Social Security Trust Funds and Future Financing

Sen. Mike Lee has sparked a debate on Social Security's future, highlighting funding issues that could lead to reduced benefits in nine years. He criticized the trust funds, likening them to a Ponzi scheme, while experts emphasize the need for reform and acknowledge the legitimacy of the trust funds, which are backed by U.S. Treasury bonds. The program, primarily funded by payroll taxes, faces scrutiny as its trust funds are projected to deplete, necessitating urgent discussions on its sustainability.
CNBC
United States Dollar Bipartisan Policy Center American Enterprise Institute Social Security Administration George Mason University Vanguard S&P 500 ETF USA CHN Stephen Goss Andrew Biggs George W. Bush Ron Johnson Charles Blahous Elon Musk Mike Lee Nancy Altman Donald Trump Bill Cassidy Show more
Finance & Economy, Transcript
16:57 05.12.2024
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