What Makes Trump’s Social Security Plans Better
Because we live in a world that’s constantly changing, it’s not a real surprise that the most pivotal issues an incoming president has to address typically differ from one election year to the next. However, there are certain matters that remain a permanent fixture, regardless of when the next election will be held. One such affair is the issue of what to do with the nation’s current Social Security policy.
At this time, it’s perhaps safe to say that many people have different opinions on what can be done about social security benefits in the country. But, as divergent as these many opinions can be, there’s one point that they all agree on – the United States Social Security infrastructure cannot remain as it is right now.
Now, the incumbent president, Joe Biden, is all for bolstering both Medicaid and Social Security. He believes that it would be in the best interests of the people of the nation to increase the operating funds that the system currently has access to. While that’s certainly all well and good, this method of approach doesn’t adequately take into account the many nuances of this situation. It is for that reason that it is simply unsustainable and unviable, both in the short term and long term.
Donald Trump may well be the only president since Grover Cleveland to win a non-consecutive second term in office. Should that materialize, he has completely different plans for the Social Security system. Essentially, he intends to overhaul the entire unit and initiate massive reforms in a bid to ensure that it ultimately doesn’t collapse on itself.
On many levels, what Trump is proposing will probably seem like anathema. If you’re wondering why, it’s because Social Security (especially as it is right now) is the idea that we’re used to, the concept that we’re familiar with. And, as history has repeatedly shown us, only a few ever like or wish to deviate from the well-trodden path. However, while it might make sense to stick to the paradigm that we have at this time, it’s important to point out that a recent study has conclusively proven that, from 2034 onward, millions of retirees will only receive 77% of their benefits!
Naturally, the reason that we’re set to start receiving reduced benefits in less than a decade is none other than the fact that the program is running out of funds. Of course, some people will likely think that the solution to that problem is to simply pump more money into Social Security. Sadly, this approach is doomed to fail because it’s tantamount to tearing down the east wall to fix the west wall. Right now, there are a million and one other things that we have to fix in the country that rival (and, in some cases, even exceed) Social Security in terms of sheer importance.
So, where does all of that leave us?
Simply put, it means that we have to consider a radical solution to a radical problem. We have to do something that was previously unthinkable to ensure that we can at least preserve the core tenets of the Social Security program. However, while it might be tough, with someone with foresight like Donald Trump at the helm of affairs, it is certainly doable.
As Trump said in a recent interview with CNBC’s Joe Kernen, “There is a lot you can do in terms of entitlement, in terms of cutting and in terms of also the theft and the bad management of entitlements. I know that they're going to end up weakening Social Security because the country is weak.”
Interestingly, what Trump aims to do is not diminish the program itself in any way. Rather, he’s more intent on extensively identifying and eliminating the various ways in which the funds of this program are being abused, wasted, and defrauded. This has always been his intent since he first became president.
Donald Trump has the experience, expertise, and resources to trim the fat and increase or extend the solvency of the Social Security program beyond 2034. He has been clear on the fact that this is something that will not exactly come easy. However, he understands, just like more Americans are starting to each day, that this is a necessary measure that has to be taken.
Keep in mind that, one way or the other, the structure of Social Security such as we know it, is bound to change. At this point, it’s left to us to determine how we want it to change and the best direction to point the pendulum.
With Donald Trump, we’ll be able to do this. With Trump, it’ll still be possible to preserve the golden years of our senior citizens.