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The Social Security legislation introduced in both House and Senate would be the most sweeping overhaul of the FDR-inspired social insurance program in nearly 40 years. The Trump admin. has warned that unless something is done, benefits couid be cut 21% - by 2034
Social Security paid about $1 trillion to 63M people last year. But in decade there will be 80M recipients -who are also living longer. But slowing population growth means fewer younger workers are paying into the system; efforts to cut LEGAL immigration also erodes tax base
The growing entitlements crisis deserves more media coverage, but it's not a visually-appealing story, isn't overly dramatic, lacks discernible heroes/villians and is playing out slowly. Thus not overly suitable for TV news (a profession WWR eagerly left many years ago).
