Social Security Administration faces job cuts, office closures under Trump
Mar. 12—Many government agencies are undergoing evaluations and budget cuts as the second Trump administration enters its third month, and the
The agency, which provides livelihoods to millions across the country, is expected to cut 7,000 jobs and close six of its 10 regional offices, according to multiple reports, including the
These cuts could significantly affect nearly 69 million Americans who receive
"SSA leadership is weighing a proposal to eliminate telephone support for claims processing and direct-deposit account transactions, instead directing seniors and disabled individuals to online services and in-person field offices," Newsweek writes citing the
All of these potential changes at the
Democratic Sens.
"As
"
According to the
benefit, totaling about
Musk, however, has been a vocal critic of the program that was established in 1935 and has been collecting taxes from Americans since 1937. He recently referred to
"Basically, people are living way longer than expected, and there are fewer babies being born, so you have more people who are retired and live for a long time and get retirement payments," Musk said in an interview with conservative host
Musk's rhetoric on
"The way to fix this is to lift the cap on income subject to social security payroll taxes, which is now
Privatizing Social Security has been a recurring topic since Trump took office.
"Privatizing Social Security can boost workers' rate of return by allowing retirement contributions to be invested in private assets, such as stocks, which yield a better return than the present pay-as-you-go retirement system," the
"Exactly the same rate of return can be obtained, however, if the current public system is changed to allow
Democratic Rep.
A video of Larson's remarks was posted on the PublicFreakout subreddit on
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