US Citizens: Social Security gone by 2023?

[Berkshire]

This is not hyperbole.  The President of the USA is promising to eliminate the payroll tax if he's reelected.  The problem is the payroll tax funds social security. 

 

[“On the assumption I win, we are going to be terminating the payroll tax after the beginning of the new year,” Trump said during a White House press briefing two weeks ago.]

 

[The Social Security trust fund could be depleted by 2023 if President Trump were to permanently eliminate the payroll tax and not offer a replacement revenue source, the chief actuary of the Social Security Administration said Monday.]

 

[If the tax is eliminated permanently, the White House official said there will be no way to fund Social Security....]

 

https://www.foxbusiness.com/money/permanent-payroll-tax-cut-could-deplete-social-securty-funds-by-2023

 

[2 is 1]

He also promice build one wall , what neibor coundry is going to pay!

[mtls2005]

I'm sure he'll "replace" it with something?

 

Cake perhaps?

 

 

Not certain the/a president can do this? Congress and all that. But a monarch could, so there's that.

 

 

[Berkshire]

1 hour ago, mtls2005 said:

I'm sure he'll "replace" it with something?

 

Cake perhaps?

 

 

Not certain the/a president can do this? Congress and all that. But a monarch could, so there's that.

 

 

Yes, I don't see how Trump can possibly get this through the Congress.  But he's been able to do some hanky panky with Executive Orders, his Treasury Secretary, so on.  It's probably a Trump ploy for the elections.  But we know how his pea-brain works.  He figures there are more working people than retirees.  So he'll tell them he'd cut their taxes and the pensioners won't notice!