2032 - Social Security Insolvency Crisis Approaching - VERONIQUE DERUGY 110526

1936 WPA
Social Security Insolvency Crisis Approaching
Véronique de Rugy warns that Social Security faces trust fund insolvency by 2032, forcing automatic 22 percent benefit cuts unless Congress acts. She explains that payroll taxes directly fund current retirees rather than personal accounts. De Rugy criticizes political inaction, mounting national debt, and taxing younger workers to subsidize wealthy retirees. (5)