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How 'seniors could lose their homes' as Trump and Musk 'gamble' with Social Security

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
When Democrats enjoyed a major blue wave in the 2006 midterms and recaptured both chambers of Congress — an outcome then-President George W. Bush famously acknowledged as a "thumpin'" — pundits cited two main factors for voters' anger at Republicans: the Iraq War and Bush's proposal to privatize Social Security.
The article from MSN discusses the potential risks to Social Security benefits due to the financial strategies of high-profile figures like Donald Trump and Elon Musk. It highlights how Trump's tax cuts for the wealthy and corporations, along with Musk's involvement in risky financial ventures, could jeopardize the funding for Social Security. The piece explains that these actions might lead to a shortfall in the Social Security trust fund, which could result in benefit cuts or changes in policy. This scenario poses a significant threat to seniors who rely on these benefits, potentially leading to financial instability or even the loss of their homes as they might not afford rising costs or unexpected expenses. The article also touches on the broader implications of economic policies favoring the rich, which could exacerbate income inequality and leave many vulnerable populations, particularly the elderly, at risk.

Read the Full AlterNet Article at:
[ https://www.msn.com/en-ca/news/politics/how-seniors-could-lose-their-homes-as-trump-and-musk-gamble-with-social-security/ar-AA1AWubP ]