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O'Malley: Social Security on the verge of collapse thanks to DOGE [1]
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Date: 2025-03-03
Brief but terrifying:
According to Martin O’Malley, the former head of the Social Security Administration, the damage that DOGE is wreaking on the SSA will result in the collapse of the entire system by summer.
From the Daily Beast:
The former head of the Social Security Administration warns that proposed cuts to the agency could lead the entire system to “collapse,” disrupting benefits payments to millions of Americans. “Ultimately, you’re going to see the system collapse, and there will be an interruption of benefits,” Martin O’Malley, former Social Security commissioner under the Biden administration, told CNBC. “I think that will happen within the next 30 to 90 days.” “People should start saving now,” he urged.
Social Security, the backstop for over 70 MILLION Americans (including most retirees), has never missed a payment since its inception over 80 years ago.
That could end very soon, and if it does, the shockwaves will destroy us all.
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