Official Report Confirms Trump’s New Law Accelerates Social Security Trust Fund Depletion
Official Report Confirms Trump’s New Law Accelerates Social Security Trust Fund Depletion A recent official assessment has confirmed that President Donald Trump’s “One, Big, Beautiful Bill,” signed into law on July 4, 2025, will hasten the depletion of Social Security’s trust funds. On August 5, 2025, Karen Glenn, Chief Actuary for the Social Security Administration (SSA), responded to Senator Ron Wyden’s inquiry, detailing the financial ramifications of the new legislation. Glenn’s findings indicate that the “One Big Beautiful Bill Act”…