The Social Security Cut Nobody Wants to Discuss

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Social Security is getting cut. Here is another example of a CI Told You So moment where I wish I was wrong. turn of the century. I started really yelling and screaming about this, even back in the 1990s, when I was a guest appearance on programs, talking about what was inevitably going to happen to Social Security unless reforms were made. fast forward to Bush going into his second term.

He tried, and I say tried to get Social Security reform passed. it’s a shame he didn’t get it through. But again, let’s be honest, it was his own fault. It was his own fault because, well, the Republicans bailed, they didn’t want to take on the political risk. And the words of Mitch McConnell were spending too much political capital in Iraq. So again, another war that basically, you know, killed our chances of actually fixing a Ponzi scheme.

I’m seeing more and more stories like this. Like this. All of a sudden, all of a sudden, various different financial advisors out there are sounding the alarm now. Sounding the alarm now about what’s gonna happen in 2032. 2032, take a look at your Social Security statement. It’s gonna be cut by 23%.

Here is an example. Here’s an example. And again, you got brilliant genius, genius CFPs out there. Where have you been? Where have you been on this? Now you’re talking about this with your clients now. I got a 60-year-old client just you know figuring out about the Social Security cuts. He’s very upset and rightfully so. His his scheduled benefit was $3,400 a month. It’s going to be cut by 782 months.

for life wrong. The next year it’s no sorry, two years after it’s gonna be cut by even more.

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Back again, turn of the century. I was telling people here on the program, if you are factoring in, if your advisor is factoring in Social Security into your financial plan, whatever they were calling it at that point in time, okay, you’re being done a disservice. You cannot rely upon that. The numbers didn’t work.

And it’s not a Ponzi scheme. Markowski knows what you’re talking about. Social Security’s gonna be fine. Okay. Okay, sure. And I’ve said here on the program, why? I I sign of being an adult is you’re again, you rely, or you always want to rely upon God, you want to rely upon yourself. I’m gonna I’m gonna trust the government to make sure that this thing is here. Is

Again, are anybody talking about this at all? At all. Politically, no. No one wants to deal with it at this point in time. Got midterms coming up. More important, we talk about a drone port on the roof of the ballroom, the ballroom getting done, triumphal arch, who’s playing at the two hundred fifty do you understand? I I’m just asking for some adults in the room in Washington, DC, to stand up and say, hey,

You know, we might want to address this because still many Americans have no clue. And it’s warning. Okay? I’m telling you right now, you’re counting on this in a few short years. You’re making a mistake. You’re making a big mistake. Watchdog on Wall Street dot com.