Trouble Ahead: Social Security Board of Trustees Issues Warning to Congress

While the mainstream media and much of the country is enthralled with things like transgenderism, so-called “Russian collusion”, and President Donald Trump’s Tweets; a letter of warning was being sent to the United States Congress. From Whom? Warning them of what?

The letter was from the Social Security’s Board of Trustees and their message was clear. Unless Congress acts, the Social Security Administration will be “unable to pay scheduled benefits in full on a timely basis [by] 2034”. By then they project that funds “would be sufficient to pay 77 percent of scheduled benefits”.

In addition to this, Social Security Disability Insurance will be depleted by 2028.

Considering the fact that millions of Americans are – and will be – dependent on Social Security as a means of retirement income, one would think they would pay better attention to the potentially disastrous future of this “public pension program”. But we’ve either become so complacent, easily distracted, or numb to the message that it seems few pay attention anymore. Not to mention the possibility that many actually trust the government and may be in denial about what is often labeled an “unsustainable” program.

Perhaps the most important lesson that we should learn from this issue is that Americans shouldn’t depend upon the government for cradle to the grave security.

Here’s two videos on the issue. The first is a podcast from the Social Security Administration. I would recommend starting that video at the 9:40 mark and watching through to at least the 13:00 mark. The second is a Retirement News Report on the issue that is just over a minute long.

Video #1:

Video #2:

Sources:

1.

 

https://www.ssa.gov/oact/tr/2017/tr2017.pdf 2.

 

https://www.ssa.gov/oact/tr/2017/709letter_DI_Senate_2017.pdf 3.

 

https://www.ssa.gov/oact/tr/2017/709letter_DI_House_2017.pdf 4.

 

https://www.sovereignman.com/trends/social-security-requires-a-bailout-thats-60x-greater-than-the-2008-emergency-bank-bailout-22241/

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T. Arthur Mason is a native North Dakotan who has spent nearly all of his life in the Peace Garden State. As the third of four children in Western North Dakota, Mason grew to appreciate family and the outdoors. Some of his fondest memories are annual deer hunts with family and friends. In his early teenage years, faith became a central part of T. Arthur Mason's life. He and the majority of his family attend church together on a weekly basis and find this a fulfilling aspect of their lives. Through the influence of his father, T. Arthur Mason became intrigued with politics. As a boy, he attended political events with his father and enjoyed the friendships that resulted as a byproduct of those political associations. As Mason grew older, he became convinced that the quote often attributed to Thomas Jefferson was true, "That government is best which governs least." Today, T. Arthur Mason enjoys time with his wife and children, an occasional hunt, and an increasingly active life on the political scene. This blog is the fulfillment of a dream to design a web site in the realm of politics and to advocate for the principles of Liberty and constitutionally limited government. On behalf of all those that contribute to The Minuteman, we hope you enjoy your time on the site and will share the message with others.