Wednesday, July 5, 2017

Labor Force Participation Is Key Assumption Behind Proposed Disability Social Security Budget Cuts

Before he became commander-in-chief, President Donald Trump swore to his supporters that there would be no cuts to Social Security under his administration. That was then. Today, social security is facing significant budget cuts. In fact, it might not even survive during the ten years that it would gradually lose funding.

Drastic Budget Cut on Social Security Proposed Over The Next 10 Years

According to budget director Mick Mulvaney, the Trump administration is proposing a massive $72 billion spending cut on both disability social security benefits and Supplemental Security income. If approved, the said cuts would be done gradually over a span of 10 years. Previously, the Social Security Administration has already undergone a 10 percent budget cut back in 2010. Read more from this blog.

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