🚨🇺🇸SOCIAL SECURITY AND MEDICARE FUNDS COULD RUN DRY BY 2033
The trust funds for Social Security and Medicare could be insolvent within 8 years, sooner than previously estimated, according to a new report.
Social Security could run dry by 2033 or 2034 if funds are merged.
Medicare’s hospital insurance fund is also projected to be depleted in 2033.
Without action from Congress, benefits would face automatic cuts of 23% for Social Security and 11% for Medicare.
Treasury Secretary Bessent urged lawmakers to act to preserve both programs.
Source: ABC
🚨🇺🇸 SOCIAL SECURITY DISCOVERS 12.3 MILLION "DECEASED" PEOPLE STILL ON THE BOOKS
DOGE just revealed Social Security has been sending checks to dead people—including 3.3 million who'd be over 120 years old if alive.
After 11 weeks of cleanup, DOGE and Social Security marked 12.3 million individuals aged 120+ as deceased.
The breakdown shows millions in each age bracket who've been collecting benefits from beyond the grave.
Department of Government Efficiency:
"Some complex cases remain, such as individuals with 2+ different birth dates on file. These will be investigated in a follow-up effort."
The worst part?
124,170 people supposedly aged 160-169 were still active in the system.
That's older than the verified oldest person who ever lived.
This is what happens when government agencies run on autopilot for decades.
Thank Elon for actually checking who's cashing Uncle Sam's checks.
Source: @DOGE
113
68.64K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.