We all need to understand the proposed changes to Social Security outlined in Project 2025, the blueprint from the Heritage Foundation for a potential second Trump term in the White House.
Project 2025 says it will “save” Social Security, but what does that mean? It means an administration implementing Project 2025 would “protect” the existing fund from which benefits are paid. We know the fund will be insufficient to pay full benefits by around 2034, so the “protection” means raising the retirement age to 70 and reducing the amount of benefits. What has the Biden administration committed to? Assuring the size of the fund grows so it will continue to pay full benefits to all eligible retirees and not “propping it up” by raising the retirement age.
It is essential to remember that Social Security is not an entitlement; it is an earned benefit, funded by the contributions of workers over their lifetimes. I’m a retiree. I can’t afford a cut to my benefits. Can you?
