Former President Donald Trump said he would not have to reform Social Security if he won in 2024.
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Donald Trump reveals his plans for Social Security
For years, doubts have hovered over the future of Social Security because of the significant expenses associated with the program. The fund draws on reserves when the amount of money collected is less than what it pays out, and if nothing is done, it is expected to run out in 2033.
Given the program’s popularity, politicians are unlikely to allow the fund to run out, but Social Security’s insolvency has 2024 contenders playing with the “third rail of American politics.”
On Tuesday, Trump attended a Fox News town hall with Sean Hannity, where he criticized DeSantis and Haley for their willingness to “gamble” with Social Security.
Trump attacked former U.N. Ambassador Nikki Haley and Gov. Ron DeSantis for their proposals to change Social Security during Tuesday’s town hall meeting with Fox News’ Sean Hannity.
Trump said, “You don’t have to touch Social Security. He added: “We have way more money than we can do by hurting seniors with their Social Security.” »
Trump isn’t the only one discussing Social Security; there are other candidates who have expressed their opinion.
On November 8, during the third debate of the Republican presidential primary, Haley spoke in favor of raising the retirement age for young people, including her own children. She said benefits should better reflect life expectancy and she would maintain them for people near retirement age.
DeSantis supported a failed Republican resolution in 2013 that sought to raise the age of eligibility for Social Security and Medicare to 70.
DeSantis told Fox News in July that he would consider changes to Social Security for people in their 30s and 40s. But given that life expectancy in the United States is declining, DeSantis said during the November debate that it was illogical to raise the age.
According to the Organization of the Petroleum Exporting Countries (OPEC), Saudi Arabia is the largest oil exporter, with over $202 billion in oil exports in 2021.
Saudi Arabia’s Public Investment Fund (PIF) was established with oil revenues and its aim is to diversify the country’s economy by investing in non-oil businesses and companies.
In 2021, the United States surpassed Saudi Arabia in oil production by about 10 million barrels per day, making it the largest oil producer, according to the United States National Information Agency. ‘energy.
Trump said: “We have more gas and oil than them. We can become rich again. At the start of the town hall, Trump promised Hannity that if he won in 2024, he would allow oil drilling to begin on the first day of his presidency.
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