US Financial Century
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
US Financial Century
No Result
View All Result
Home Latest News

Trump broke his promise to protect a lifeline for 71 million Americans

by
December 8, 2025
in Latest News
0
Trump broke his promise to protect a lifeline for 71 million Americans
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

For Social Security it has been a miserable year. 

After President Donald Trump unleashed Elon Musk and DOGE on the Social Security Administration, the agency lost more staff in a shorter period of time than ever before in its 90-year history. Fortunately, public outcry and pushback from congressional Democrats saved Social Security from a 50% cut to staffing and the closure of scores of field offices as Trump and his administration had announced back in March. So, somehow, those dedicated workers remaining at the Social Security Administration have still managed to keep the agency running — without missing a single monthly benefit payment. 

There are not many public or private insurers in the world who can claim to never have missed a monthly benefit payment in 90 years. 

This is good news for 71 million Americans — many of whom depend on their earned benefit every month as a lifeline. But we are not out of the woods yet. The agency has been gutted. Enormous damage has been done to customer service and to the agency’s ability to process claims.

Just as many are demanding that Trump’s deep cuts to healthcare be restored, so too must Trump’s deep cuts to Social Security be restored, as the two are inextricably linked. Sixty-four million Medicare recipients will see a reduction in their Social Security benefits in 2026 due to Trump’s Medicare price hikes that will cut into their Social Security cost-of-living adjustment (COLA), making life more expensive for seniors. This is the greatest erosion of the Social Security COLA in nearly a decade, and the first time that Medicare premiums exceeded $200 per month. 

With the Social Security Administration’s staffing now reduced to a 60-year low and baby boomers swelling the number of active beneficiaries to an all-time high, the agency is struggling badly, and the American people are paying the price. Wait times to get to a person in a field office or to talk to a person on the 1-800 line have become longer and longer.  

As the Trump administration claims that things have never been better, millions of Americans are having a very different experience. In fact, more people today now die waiting in line for their initial disability determination than at any time since President Dwight Eisenhower signed the disability portion of the act into law in 1956. Even just recently, Trump and DOGE risked 300 million Americans’ personal data from the Social Security Administration. They have robbed Americans of customer service and peace of mind.

Conditions have grown so bad – Nancy Altman, president of Social Security Works, has called for Social Security Commissioner Frank Bisignano’s resignation. It proves to be a telling illustration of the deep concern experts have for the damage done to the agency. 

None of this had to happen. It was made to happen. As a candidate, Trump vowed all through the campaign that he would protect Social Security. Instead, he wrecked the program’s customer service, took a chainsaw to its functions and maligned its reputation with false claims of waste, fraud and abuse.

In a time of great political division, Social Security remains the most strongly supported program in America. In fact, 80% of Americans are concerned whether Social Security will be available when they retire and want it to be strengthened, made better — not hacked to pieces, privatized or liquidated. 

This is a democracy moment. Social Security should be a bipartisan issue. All lawmakers — Republicans, Democrats and Independents alike — need to come together to deliver on its promise of a secure retirement after a lifetime of hard work. 

This post appeared first on FOX NEWS
Previous Post

Congress unveils $900B defense bill targeting China with tech bans, investment crackdown, US troop pay raise

Next Post

House GOP seeks off-ramp to sky-high health insurance costs for millions of Americans

Next Post
House GOP seeks off-ramp to sky-high health insurance costs for millions of Americans

House GOP seeks off-ramp to sky-high health insurance costs for millions of Americans

  • Trending
  • Comments
  • Latest
Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

October 24, 2024
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
Donald Trump fixates on Harris aide Ian Sams, who goads him on Fox News

Donald Trump fixates on Harris aide Ian Sams, who goads him on Fox News

October 23, 2024
CCP-linked firms quietly hold stakes in US solar companies fueling Dems’ green push

CCP-linked firms quietly hold stakes in US solar companies fueling Dems’ green push

November 25, 2025
Venezuelan opposition leader Machado reappears in Norway after months in hiding

Venezuelan opposition leader Machado reappears in Norway after months in hiding

0
Trump attacks Harris with racist stereotype, eyes ‘extreme power’ as president

Trump attacks Harris with racist stereotype, eyes ‘extreme power’ as president

0
Kamala Harris’s narrow opening with GOP-leaning voters

Kamala Harris’s narrow opening with GOP-leaning voters

0
Obama rallies with Walz in Wisconsin: ‘America is ready to turn the page’

Obama rallies with Walz in Wisconsin: ‘America is ready to turn the page’

0
Venezuelan opposition leader Machado reappears in Norway after months in hiding

Venezuelan opposition leader Machado reappears in Norway after months in hiding

December 11, 2025
Trump admin weighs terrorism sanctions against UN Palestinian aid agency over Hamas allegations

Trump admin weighs terrorism sanctions against UN Palestinian aid agency over Hamas allegations

December 11, 2025
Ukrainian woman charged over Russian-backed cyberattacks; $10M reward offered for others

Ukrainian woman charged over Russian-backed cyberattacks; $10M reward offered for others

December 11, 2025
Moderate Republicans stage Obamacare rebellion as health cost frustrations erupt in House

Moderate Republicans stage Obamacare rebellion as health cost frustrations erupt in House

December 11, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent News

    Venezuelan opposition leader Machado reappears in Norway after months in hiding

    Venezuelan opposition leader Machado reappears in Norway after months in hiding

    December 11, 2025
    Trump admin weighs terrorism sanctions against UN Palestinian aid agency over Hamas allegations

    Trump admin weighs terrorism sanctions against UN Palestinian aid agency over Hamas allegations

    December 11, 2025
    Ukrainian woman charged over Russian-backed cyberattacks; $10M reward offered for others

    Ukrainian woman charged over Russian-backed cyberattacks; $10M reward offered for others

    December 11, 2025
    Moderate Republicans stage Obamacare rebellion as health cost frustrations erupt in House

    Moderate Republicans stage Obamacare rebellion as health cost frustrations erupt in House

    December 11, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Usfinancialcentury.com

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Usfinancialcentury.com