Social Security – CoolPal

SSA Under Fire for Misleading Email on Trump’s Tax Cuts Amidst Public Outcry

2025-07-05 CoolPal

SSA Under Fire for Misleading Email on Trump’s Tax Cuts Amidst Public Outcry WASHINGTON – The Social Security Administration (SSA) is facing severe criticism after sending a deceptive email to millions of beneficiaries, falsely claiming that former President Donald Trump’s recent tax cuts and spending law eliminated federal income taxes on Social Security benefits for most recipients. The email, which was also mirrored on the SSA’s official website, stated, “The bill ensures that nearly 90% of Social Security beneficiaries will…

2025-06-19 CoolPal

Uh Oh! Social Security and Medicare’s Money Troubles: What You Need to Know Hey friend, so you know how we’ve been talking about Social Security and Medicare? Well, there’s been a bit of a shake-up in the projections, and it’s worth discussing. Basically, the government’s latest report shows that both programs are running out of money sooner than we thought. For Social Security, the “go-broke” date (meaning they can’t pay 100% of promised benefits) is now estimated to be 2034,…

2025-06-19 CoolPal

Social Security’s Looming Funding Crisis: A 2024 Analysis of the Trustees’ Report The Social Security Administration’s annual report, released in 2024, projects a concerning depletion of the Old-Age and Survivors Insurance Trust Fund (OASI) by 2033. This projection remains unchanged from the previous year’s assessment. At this point, the report indicates that only 77% of scheduled benefits will be payable. The combined OASI and Disability Insurance (DI) trust funds are projected to be able to cover scheduled benefits and administrative…