The Weekly Insight

The Lie We All Agreed To

Andrew Dorr

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0:00 | 14:10

Six politicians. Two parties. Twenty years. The exact same promise: "I will not touch your Social Security."

Every one of them was making a promise the math couldn't keep.

In 2005, the last president who tried to actually fix Social Security got crucified for it. Washington learned the lesson: never touch the third rail. So, for two decades, both parties competed to promise they'd protect it while the problem quietly compounded.

This June's Trustees report: the retirement trust fund is empty by 2032, triggering an automatic 22% benefit cut. 

Here's the part no one is talking about: Social Security isn't the disease. It's the first symptom you can put a date on. The same math driving the 2032 cliff is pushing federal debt past its World War II record and turning interest payments into the single largest line item in the entire federal budget by 2047.

"Washington will fix it in time" isn't a plan. It's hope. And hope isn't a strategy for your retirement.

Read more here: https://insightwealthgroup.com/the-weekly-insight-the-lie-we-all-agreed-to/