Biden says Republicans plan to cut Social Security by 13%; What is true? What is false?

President Joe Biden said Republicans intend to chop Social Security, saying on Nov. 27: "I thought (Republicans) agreed not to do this a couple times. But they're back at it. Average benefit cut would be 13%." Almost 67 million Americans this year will receive Social Security payments, totaling about $1 trillion. Many older Americans rely on the benefits to pay their basic living expenses. People can start receiving Social Security retirement benefits at age 62, but full benefits kick in when they turn 67.

Social Security is funded through the payroll tax; that revenue is put into trust funds to pay for current beneficiaries. These trust funds could be depleted as early as 2032 if further action is not taken. That could mean that in about a decade, monthly checks could be reduced by about 23%.

But because of its widespread support among older Americans — who usually have the highest voter turnout — Social Security has long been known as the "third rail of politics." Many politicians in both parties are reluctant to broach major structural changes. In his 2023 State of the Union address, Biden seemed to cow Republican lawmakers in the audience into pledging not to cut benefits. That nationally televised faceoff set the table for Biden’s criticism on Nov. 27. The White House told PolitiFact that Biden was referring to a budget proposed in June by the Republican Study Committee, a group of conservatives in the House GOP.

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[jacquelinedelgado]

Why are they thinking of cutting social security income when they just paid three countries millions and they are paying the immigrants a monthly

[dennisreed]

Just when did Biden ever tell the truth?