Social Security faces massive cuts: 7 percent gone by 2032, 28 percent after 2033. Howard Lutnick says raising Social Security age to 70 is disgusting and politicians are ignoring waste

“The Congressional Budget Office says to be prepared for Social Security check payments to be reduced in 6 years due to low funds

“It’ll be an immediate 7% payment cut in 2032, and then an average 28% benefit drop from 2033 onward”

You pay in your whole life and the government spends it and then tells you there is no money left

Congress is literally on record saying they spend out social security money straight from the social security fund

“A potential Social Security shakeup could impact your road to retirement. The nonpartisan Congressional Budget Office is projecting that the main Social Security trust fund is expected to run dry in 2032. The CBO saying retirees could see their monthly checks reduced in just six years time.””


He’s right. Politicians keep threatening Americans with later payouts instead of actually fixing inefficiency. The country is rich enough to fund Social Security properly, but lawmakers act like raising the age is the only option.