The age old question of Why can we run out of money for Social Security but not welfare?
“Why can we run out of money for Social Security but not welfare?”
We will never run out of printed money for any government spending. However, Through the magic of inflation, the money spent on these programs will not meet the expectations of those program recipients.
We are effectively broke. We no longer have the option of paying off our national debt or funding future program liabilities.
What Biden actually said is that we are going to hyperinflation until benefit checks are worthless.