Social Security Cuts? Retirees Will Be There at 6 AM

Another Social Security cliff story. This warning has been running so long, the warning itself qualifies for benefits. The retirement trust fund is projected to exhaust its reserves in late 2032. Continuing income would cover about 78% of scheduled benefits unless Congress acts. Now, the gap is real. The BS is treating benefit cuts like an asteroid. We elected people who can change the law. Admittedly, some appear to be waiting for instructions from the asteroid. Social Security isn't your personal investment account. When revenues were flush, nobody sent Grandma a triple payment and said, great quarter, buy a jet ski. The reserves are real Treasury securities, but the financing rules are political choices, not commandments Moses brought down on a spreadsheet. Congress could authorize other funding. It wouldn't be automatic or free, but we must cut your checks skips a lot of choices. My bet: politicians find money before they face organized retirees. Old people vote. We have time. We have reading glasses and unresolved customer service complaints. Threaten our checks and we'll be at your office at 6 in the morning. After all, we've already been awake for 3 hours. Ultimize.