Trump Puts Social Security in the Crosshairs

February 22nd, 2017 | by Super Admin

Trump cabinet pick planning radical steps to fix Social Security… Future benefits possibly at risk… Here’s what every American should know…

Peter Reagan, February 25, 2017

You probably already know it: Social Security is in dire straits. Currently, the program at risk of facing a major shortfall as soon as 2034, which means that receiving benefits in the future is far from a sure thing – even for today’s middle-age workers.

To fix the program, dramatic changes must happen now.

It’s with this urgency that President Trump has nominated Mick Mulvaney to run the Office of Management and Budget (OMB). While we don’t know for sure what fixes Mulvaney will apply, most would burden all taxpayers and beneficiaries.

Here are three discussed changes that could affect all Americans:

Option #1: Cut Social Security benefits.

Previously, Trump has said that cuts to payouts are off the table. But in a Senate confirmation hearing, Mulvaney indicated otherwise.

According to the Wall Street Journal, Mulvaney told the Senate that he would advocate for cuts to benefits, adding…

“I have to imagine that the president knew what he was getting when he asked me to fill this role.”

It isn’t hard to read between the lines. In 2009, Mulvaney called Social Security a ‘ponzi scheme’ and insisted the program as we know it should be brought to an end. Chances are slim his views are drastically different today.

Option #2: Increase Social Security taxes.

In 2016, every American paid 12.4% of their income under $118,500 to Social Security. Now, Mulvaney has the power to adjust that cap.

Already, the SSA announced the cap would increase by 7% in 2017. But Mulvaney is willing to push the cap higher. During his confirmation hearings, he declared that his pledge as a congressman to oppose tax increases would not extend to his service in the OMB.

Option #3: Raise the retirement age.

Today, the age at which Americans can receive full benefits for Social Security is set to increase to 67 for anyone born after 1960. But further increases aren’t out of the question.

So even if Social Security stays solvent, the length of time Americans can draw off the program during retirement could shrink significantly.

Asked if he believed that the age limit should be further adjusted, Mulvaney replied with a simple, “I do, yes sir.”

If Not Social Security, What CAN You Count On?

Regardless of what happens over the next decade, the long-term prognosis for Social Security doesn’t inspire confidence. And counting on the program for a comfortable retirement is a gamble, to say the least.

That’s why thousands of Americans have been moving their retirement savings into gold, an asset that will ALWAYS have value, and which the government can’t simply change the rules on.

While you still can: Get a FREE Info Kit on Gold, and the IRS Tax Law to legally move your IRA or 401(k) to precious metals.

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This comprehensive, 16-page “insider’s” Kit on gold reveals precisely how this IRS Tax Law works, and how you can start moving your IRA or 401(k) as soon as today… without paying any taxes on the transfer. It’s all explained in this free info kit on gold.

Remember, no matter what happens to Social Security, gold is a time-tested and proven way to protect your savings through good times and bad. To get started, click here to get this free info to protect your savings.


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  • Deb Dinkledine

    In 2000 after my husbands company in Elkhart, IN ( BAYER LABS) was shut down by its German company that bought out Miles Labs, we had another crisis in America. So we were hit twice very hard, the first one made us retire at 59 then in 2008 we were close to recooping when the financial crises hit! It took what was left of our 401k. At the age where you’re really suppose to retire. It took our home, and we moved back to IN FOR jobs. We never were able to make what we used to but we have just started seeing a little daylight. Now you’re telling me we are to endure ANOTHER crises? Please rethink hitting the very people who are the ones you tax n pay for everything!!!! What are you going to do with us? Most are paying exuberant prices for the stupid Obamacare n Meds. We have no future to plan for except will we have enough to pay for gas, electric and our Meds? Most have nothing to put towards funerals, insurances, n the basics. We will be just a valuable as the VA and of course some are VA vets! We will be watching n voting you can bet on that!

    • ganderdavis

      Who else can they hit besides us that pay taxes ? Maybe it’s time we put all of this countries population into the tax pond. I don’t think the system that’s in place can be or is worth fixing. Maybe we really should use a flat tax system so that everyone pays. Funny how it’s easy to start a government program but so hard to fix it when it needs to be fixed. To me all government programs are on a path to failure when our politicians start the thought process working.Once that start everything after becomes a run away money train roaring down the tracks picking up more tax payers as it goes until it runs out of paying passengers and is left with free riders. IMHO

  • b0213

    The federal government should pay back the money they took from the Social Security Trust first. It wouldn’t be going broke if the government hadn’t stolen it. These cuts tell me that our government wants to kill off the old folks. After paying into this fund our government thinks we are a burden! God don’t like ugly!