Social Security update: Economist warns Trump plan may speed up insolvency

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1. By Rachel Dobkin – Weekend Reporter:

   Economist Francois Melese warned in an op-ed published on Sunday that President-elect Donald Trump’s plan to deal with dwindling Social Security benefits may speed up insolvency.

   There are currently nearly 73 million Americans who receive some type of Social Security benefits, including nearly 56 million who are aged 65 or older. While Americans have been paying into the system for years, the Social Security Administration (SSA) is scheduled to run out of money for full payments as early as 2035.

   Read more: [https://www.newsweek.com/francois-melese-social-security-insolvency-donald-trump-2013662](https://www.newsweek.com/francois-melese-social-security-insolvency-donald-trump-2013662)

2. It’s a feature not a bug. This is decades of GOP fiscal policies coming home to roost.

3. Finally a topic he has some experience in

4. It’s a ponzi scheme.

5. That’s almost certainly the goal.

6. They mean after Biden just signed a bill giving additional billions to government workers, without them having to pay extra ?

7. It is already insolvent. It doesn’t need Trump’s help.

8. Starting to sound like this is the republican plan. Sell off the country for cheap after they’ve torn down its institutions, raided the taxpayers, and pilfered our resources.

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