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‘Going to be good for 90 years’: Trump defends record on Social Security

‘Going to be good for 90 years’: Trump defends record on Social Security

Summary

President Donald Trump defended his policies on Social Security during the program's 90th anniversary. He signed a proclamation affirming his commitment to the program while also criticizing the Democratic Party. Some have criticized Trump's administration for proposing cuts to Social Security's workforce and other changes.

Key Facts

  • President Trump marked the 90th anniversary of Social Security by signing a proclamation.
  • Social Security provides monthly payments to retirees, spouses of deceased workers, and people with disabilities, funded by payroll taxes.
  • Social Security is widely popular, with 79% of Americans opposing any cuts.
  • A report from the Social Security Administration warned that funding could be depleted by 2033 without changes.
  • Trump defended Social Security while criticizing Democrats and former President Joe Biden.
  • Critics claim Trump's policies could weaken Social Security, including planned workforce cuts from 57,000 to 50,000 employees.
  • Trump and advisor Elon Musk have criticized Social Security, with Musk calling it a "Ponzi scheme" on a podcast.
  • Public backlash caused the government to reconsider a plan to reduce Social Security's phone services.

Source Information