Free Republic

Social Security has never missed a benefit payment since the program first began sending individuals monthly benefits more than eight decades ago. But the recent actions at the U.S. Social Security Administration by Elon Musk’s so-called Department of Government Efficiency are putting monthly benefit checks for more than 72.5 million Americans at risk, former commissioner and former Maryland governor Martin O’Malley told CNBC.com. “Ultimately, you’re going to see the system collapse and an interruption of benefits,” O’Malley said. “I believe you will see that within the next 30 to 90 days.” Ahead of any interruption in benefits, “people should start...

Key Points Certain rules that reduce pensioners’ Social Security benefits have been in place for decades. House lawmakers voted to approve a bill that would nix those rules. Critics say more comprehensive Social Security reform should be prioritized instead. ********************************************************************* A bipartisan bill to change Social Security benefit rules for pensioners passed in the House of Representatives on Tuesday, with 327 lawmakers voting to support the measure. Now, the proposal heads to the Senate, where the chamber’s version of the bill has 62 co-sponsors, “surpassing the majority needed to pass the bill on the U.S. Senate floor and send it...