Insights on Social Security History and Future

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The life expectancy when Social Security was introduced in 1935 was 60, while the retirement age was set at 65, leading to initial recipients not getting back what they paid in due to the lack of Social Security tax. The Social Security Trust Fund, sustained by new taxes, is projected to deplete by 2037, resulting in a 24% reduction in scheduled benefits afterwards.

We review the backlash over my comments that we should raise the retirement age; Special counsel Robert Hur goes to the Hill and proceeds to tick off Democrats hell-bent on pretending Joe Biden isn’t senile; and Republicans lose another seat in Congress.

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