Stephen Dinan: COVID-19 pandemic eats into Social Security’s solvency
Andy Parks From The Washington Times
English - September 02, 2021 21:55 - 13 minutes - 18.8 MB - ★★★★★ - 2 ratingsNews parks politics radio andy news talk washington Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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As Stephen Dinan reports, both of Social Security’s benefit programs, Old-Age Survivors Insurance for older adults, and Disability Insurance for those unable to work, failed the trustees’ tests of short-range financial adequacy. That means the revenue is crossing a critical fiscal threshold as the program begins a slide toward depletion of its trust funds in little more than a decade. In 2034, payments will likely cover only 78% of what is promised to recipients. Stephen also explains his story on how a convicted rapist reached the U.S. on an Afghan evacuation flight.