The nonpartisan CRFB (Committee for a Responsible Federal Budget) projects that our Social Security and Medicare trust funds are a little more than seven years away from insolvency. When the trust funds deplete their reserves, payments are limited by law to incoming revenues. CRFB estimates that we will see a 24-percent benefit cut in late 2032 due to the OBBBA you voted for.
This gap between Social Security costs and revenue are projected to continue, leading to larger cuts.
It is time to tell the truth about the fiscal impacts of the One Big Beautiful Bill Act. Huge tax cuts to corporations and the ultra wealthy will bankrupt this country, taking away the benefits we were guaranteed and that you promised not to cut. In addition, you are depriving children of food and health care through the cuts to SNAP and Medicare. You are depriving our young people of a solvent country and an affordable education, all due to impacts of OBBBA.
If you can’t lead the country honestly, with sound economic policies, then you need to abdicate your leadership roles. We demand the truth and we demand sound fiscal policies for our country.
Kathleen Painter
Bonners Ferry