Commentary: Trump Reveals What Can Be Done to Turn Around Failing Social Security, Biden Cuts In, Says No to the Solutions

Social Security was initially intended as a way to ensure that those who worked in their younger years would be able to retire peacefully and without financial stress in their later years.

This from westernjournal.com.

It operates not by having a set fund that people pay into for themselves, like an individual retirement account, but rather by contributing to a collective fund that pays for those who currently receive Social Security.

As CNBC reported in 2023:

Unfortunately, the system hasn’t stood the test of time as reports are seeing the cost of the program increasing and future retirees are expected to receive less than current beneficiaries.

As birth rates decline in the United States, fewer workers will be paying into the program while large numbers of retiring individuals will still expect benefits.

It’s estimated by 2034, those receiving benefits will only get 77 percent of what would be expected, a notable drop.

Because of the mathematically inevitable issues the program is facing, lawmakers are questioning what can be done to ensure that future recipients won’t receive less despite putting in just as much as previous generations.

On Monday, in an interview with CNBC’s Joe Kerren on Squawk Box, President Trump discussed potential solutions to fix the ticking timebomb.

Trump said:

So, first of all, there is a lot you can do in terms of entitlements, in terms of cutting, and in terms of also the theft and the bad management of entitlements, tremendous bad management of entitlements.

Further:

He also saw solutions in not cutting Social Security but instead reducing inflation and increasing the strength of the economy.

The billionaire businessman-turned-politician argued:

[Biden would] end up weakening

Social Security because the country is weak.

He alluded:

[S]pecifically, to the record-high inflation the country has seen under the Delaware politician’s presidency.

The former president said that if it weren’t for the COVID pandemic, his administration would have begun tackling the national debt issue and getting the budget to a more balanced position—allowing entitlement programs room to operate.

Following the interview, the Biden-Harris HQ account on the social media platform X—an arm of the Biden re-election campaign—published a clip that cut off the full answer from Trump, deceptively suggesting Trump talked only about cuts.

In response to the misinformation they fabricated, the official Joe Biden account posted:

Not on my watch.

However, a responding social media post published by the Trump War Room, an official account run by President Trump’s campaign, stated:

If you losers didn’t cut his answer short,

you would know President Trump

was talking about cutting waste.

Nonetheless, Biden continued to mischaracterize what was said in the interview.

According to Politico, during a campaign stop in New Hampshire on Monday, Biden claimed that what Trump said was a sign that:

Republicans want to put Social Security and Medicare back on the chopping block.

After the Biden once again attempted to put words in President Trump’s mouth, the Trump campaign issued an official response.

According to Politico, Karoline Leavitt, the campaign’s national press secretary, stated:

President Trump delivered on his promise to protect Social Security and Medicare in his first term, and President Trump will continue to strongly protect Social Security and Medicare in his second term.

The only candidate who poses a threat to Social Security and Medicare is Joe Biden—whose mass invasion of millions of illegal aliens will, if Biden allows them to stay, cause Social Security and Medicare to collapse.

Despite everything The Obiden Regime has attempted to claim, Trump is not banging the drum for cutting Social Security.

Instead, he has noted the obvious:

[T]here are clear issues surrounding the programs

and [he] is looking for solutions to fix those issues.

Biden is relying on sly tactics and intentionally misrepresenting Trump’s statements to create a false narrative that Trumps is coming for retirees’ benefits.

While The Regime’s tactics are certainly shameful, to see such a trick from a terribly unpopular career politician is not surprising.

God speed to President Trump.