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Speaker warns Social Security could be cut 24% within 10 years without action
Summary
An unidentified speaker warned that, unless lawmakers act within 10 years, Social Security benefits could be cut by roughly 24% and urged renewed bipartisan cooperation, citing recent bipartisan laws and saying he and 'Joe' are working with a 10‑person group to address the problem.
An unidentified speaker warned that Social Security benefits could be cut by about 24% within the next 10 years unless lawmakers take action, and urged bipartisan cooperation to avert what he called an impending fiscal crisis.
“We're gonna hit a wall, and you're gonna see interest rates ultimately be affected,” the speaker said, adding, “There will be a crisis at some point. We're trying to avert that.” He said that “under the law, if we don't avert this…
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