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Belle of the Ranch

Let's talk about Trump's Social Security plans....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 10 November 2024

⏱️ 4 minutes

🧾️ Download transcript

Summary

Let's talk about Trump's Social Security plans....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there, Internet people, it's Bell again.

0:04.0

So today, we're going to talk about Trump's Social Security plans.

0:09.0

This was actually a video I'd planned doing much later, until two Republicans blocked a bill to expand some Social Security benefits.

0:19.0

When that happened, our inbox filled up with questions.

0:23.6

Okay, so we'll talk about that first real quick. There's a bill to expand some social security

0:30.2

benefits primarily for those who receive pensions. Two Republicans used a procedural rule to block it. But the block is temporary. It looks

0:41.3

like it still might get a vote next week. The bill has massive bipartisan support in the House

0:47.1

with around 300 co-sponsors. One of those is the Speaker of the House. It will most likely

0:54.0

get out of the House. The will most likely get out of the House.

0:55.7

The Senate is less clear, but seems likely to pass.

1:00.3

Now, on to Trump's position on Social Security cuts.

1:04.2

Let's start with a Trump quote.

1:06.3

I will not cut one penny from Social Security or Medicare.

1:11.1

Now, let's look at another quote about the same topic.

1:15.5

Quote, there is a lot you can do in terms of entitlements, in terms of cutting, and in terms of also the theft and bad management of entitlements.

1:27.0

It's understandable why people are confused.

1:30.3

He's also proposed a lot of things that don't exactly make fiscal sense.

1:35.3

The committee for a responsible federal budget has a report,

1:39.3

suggesting if Trump's policies are enacted,

1:42.3

it would lead to an increase in Social Security's 10-year cash shortfall by $2.3 trillion through fiscal year 2035.

1:53.9

Make Social Security become insolvent by 2031. It's currently set to become insolvent by 2034. Lead to an across-the-board cut in 2035 of 33%.

2:06.7

Then there are some other deeper policy concerns that are also listed in their report.

...

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