Social Security benefits will be slashed twenty-one percent beginning in 2033 because its reserve fund will be depleted by then. According to the Committee for a Responsible Federal Budget (CRFB):
“The Social Security program is currently paying out more in benefits than it collects in payroll tax and other revenue, and it is drawing down its reserves to cover the remaining cost of benefits. The program’s Trustees project that the OASI trust fund—which funds retirement benefits—will deplete its reserves in the fourth quarter of 2033.”
By law, benefits will automatically be cut to compensate, something about which most Social Security recipients are oblivious.
No political solution in sight
Neither presidential candidate offers practical fixes to this coming train wreck. Kamala Harris said she would “protect and expand” Social Security. It’s hard to imagine that expansion is practical when it is running out of money at its current size.
Donald Trump says he wants to cut taxes on Social Security for seniors, again something that doesn’t make sense when the fund needs more funds, not less, to continue at its current level.
Why are we in this fix? In 1960, 5.1 workers paid into Social Security for each recipient.
By 2022, the ration had plummeted to just 2.8 workers per Social Security recipient.
In between that time, since, 1973, we have aborted 65 million workers, which totally compromised the ratios required to make Social Security sustainable.
Sixty-seven million Americans per month receive Social Security (SS) benefits, which means that 187 million workers support them. The Peter G. Peterson Foundation suggests that the minimum number of workers needed per SS beneficiary is 3.3, or 214.5 million workers.
The current civilian labor force participation rate is 62.7%.
That means that if our aborted workforce had been allowed to live and participate in our economy, the U.S. would have had roughly 40 million additional workers right now. That would have expanded our workforce to 227 million workers, more than enough to support Social Security in its current form.
Sadly, we continue compromising our workforce by aborting roughly 800,000 workers annually. In other words, the coming crisis is self-inflicted. In the video above, presidential candidate, Kamala Harris, actually suggests population reduction is a good thing.
An international demographic crisis
We see the demographic crisis playing itself out throughout the world.
China faces demographic collapse, as detailed in a piece in Breitbart. Their one-child policy resulted in the killing of 400 million children. As Breitbart points out, China is converting kindergarten rooms into nursing homes.
Japan is, if anything, worse off. Their birth rate is a civilization-busting 1.3, well below the replacement rate of 2.1. Prime Minister Kishida Fumio warned that the birthrate had fallen:
“to the brink of not being able to maintain a functioning society.”
Yes, plummeting birthrates are a significant crisis to the U.S., China, Japan and practically every other country in the world. But no one in power acknowledges the role of abortion in this demographic collapse.
Let us set aside the sheer immorality of aborting innocent human beings for the sake of convenience and profits. Nations that don’t protect their posterity run out of workers to care for the elderly, maintain standards of living, and sustain social safety nets.
It’s not rocket science.
Social security collapse is nine years off. In that time, over 7 million potential American workers will be aborted. This is not only a colossal moral tragedy, it is an epic act of demographic stupidity.
