Will President Donald Trump Renege on His Social Security Promise With House Republicans Seeking $2 Trillion in Cuts to Mandatory Spending?

For most retirees, Social Security income isn't a luxury -- it's a necessity. Over the prior 23 years, national pollster Gallup has surveyed retirees to determine how much they rely on their monthly Social Security check. Every year, without fail, between 80% and 90% of respondents noted it was needed, in some capacity, to make ends meet.Given that Social Security forms the financial foundation for tens of millions of retired workers each year, you'd think lawmakers would do everything in their power to ensure the program's financial health. But with each passing year, the foundation of America's leading retirement program crumbles a bit more.Reforms are needed to strengthen Social Security for current retirees and future generations of workers. Although President Donald Trump has promised to "not touch Social Security," there are questions of whether or not he may renege on this assurance with House Republicans passing a budget resolution that seeks $2 trillion in mandatory spending cuts over the next decade.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool