A Start on SS and Other Trust Funds

[USGrant1962]

There is a bipartisan effort in the Senate to begin to address the coming Social Security, Medicare, and Highway trust fund busts. The TRUST Act seems to be a plan for a plan, commissioning a "Rescue Committee" to come up with a plan for each fund. Romney and Manchin are leading the charge.

https://www.romney.senate.gov/sites/default/files/2021-04/trust act_one pager_117 rollout.pdf

and

https://money.yahoo.com/legislation-to-tackle-social-securitys-funding-shortfalls-163327073.html

I'm not sure why Congress needs an Act passed to do that, I'm guessing because the committees will be joint Senate/House?

Hopefully this works.

 

[GenXguy]

I'm not sure why Congress needs an Act passed to do that

They don't. This is just a mechanism to try to make it easier to later cut benefits for seniors. It's not good news. This article explains it to some degree:

https://thehill.com/blogs/congress-...act-is-a-trojan-horse-to-cut-seniors-benefits