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Ben Shapiro, Social Security, and “bankruptcy”
Bankrupt is a harsh term. At its worst, the implication is that financial resources are gone. What it really means, though, is an inability to meet financial obligations. In the context of Social Security, the term is unfortunately accurate, in that the expectations that current and future retirees have for benefit payments may not be able to be honored. That doesn’t mean benefits would stop, but if Congress doesn’t take action to reform the program, cuts would be inevitable.
So, “taking action” means that changes are needed to ward off the “bankruptcy,” and one of the changes often discussed is the need to raise the retirement age to account for longevity. Ben Shapiro, American conservative political commentator, media host, and attorney, in a recent DaileyWire post by Zach Jewell, provides commentary on this issue. Shapiro’s take on the issue is explained in this statement: “I promise you the amount that people are taking out is not the amount that is going in, which is why we are going bankrupt.” The statement was part of a recent CNN debate on retirement and Social Security, a clip of which is included in the Jewell post from Shapiro’s Facebook page. Check it out here…
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