#social-security-la-secu

#social-security-la-secu

Rep. Chip Roy stated, 'We aren't getting the job done. Part of that is because we are bound by this big, broken, fake filibuster of 60 votes. But part of it is you gotta have the willpower to do it.'

The White House is seeking a 10 percent cut to nondefense spending, proposing a reduction of $73 billion from federal programs outside the military, targeting environmental initiatives.

The Old-Age and Survivors Insurance Trust Fund faces a critical milestone in 2033 when its reserves are projected to run dry. This doesn't mean Social Security disappears-payroll taxes from current workers will continue flowing in, but those taxes alone won't cover full benefits. The gap between incoming revenue and promised payments creates the funding crisis. Without congressional action, the program could only pay about 77% of scheduled benefits.

The Social Security Fairness Act, signed on January 5, 2025, eliminated two reductions known as the Windfall Elimination Provision and the Government Pension Offset. In plain terms: if you received a pension from a job that did not pay into Social Security, such as many state and local government positions, those provisions had been cutting your Social Security benefit, sometimes dramatically. Now they cannot.