Summary
Leland Dudek, Trump’s newly appointed Social Security Administration (SSA) chief, has reportedly ordered plans for a 50% workforce cut, potentially closing field offices and delaying benefits.
Critics, including Rep. John Larson and advocacy groups, warn this move will disrupt services for seniors and disabled Americans. Five regional SSA commissioners are resigning in protest.
The cuts align with Elon Musk’s push for AI-driven government efficiency, despite concerns over fraud prevention and accessibility.
Critics argue this is a backdoor benefit cut to fund tax breaks for the wealthy.
TL;DR: you paying in now is funding paying out now.
Your contributions fund today’s recipients. When you eventually become a recipient then the contributors of that day fund you.
This is the way of all superannuation funds around the world, they rely on the current generation of workers to fund the previous generations’ retirement (or the current generations’ disabled, etc.)
It’s basically a pyramid scheme.
And it’s falling apart since less and less people get born so you will never get out what you have paid in. It’s a system designed for the Boomer generation.