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Trump Aims to Slash Government Spending. What It Could Mean for Social Security.


Published on 2024-12-11 03:40:48 - MSN
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  • Forty percent of older Americans rely solely on Social Security for their retirement income, according to a 2020 study by the National Institute on Retirement

The article from MSN discusses former President Donald Trump's plans to significantly reduce government spending if he were to return to office. Trump has expressed intentions to cut what he describes as "waste, fraud, and abuse" within federal programs, which could potentially impact Social Security, Medicare, and other entitlement programs. Although Trump has historically promised not to cut these benefits, his recent comments suggest a willingness to reform these programs to address the national debt. This includes looking into administrative savings and possibly altering the structure of these programs. Critics worry that such cuts could lead to reduced benefits for millions of Americans, particularly affecting the elderly and disabled who rely on these programs for their livelihood. The article highlights the tension between Trump's fiscal conservatism and his previous commitments to protect these social safety nets.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/trump-aims-to-slash-government-spending-what-it-could-mean-for-social-security/ar-AA1vEdQu ]