The Must-Read Biden Quote on Social Security
Joe Biden ran for president on a number of ambitious policy goals. Among them were vaccinating the grand majority of Americans, passing a transformative infrastructure deal, and pursuing increased climate protections. Fortifying Social Security was no exception.
Along the campaign trail, Biden claimed that "if a plan like the one Trump is proposing goes into effect, the Social Security Trust Fund would be, and I quote, 'permanently depleted by the middle of calendar year 2023 with no ability to pay benefits thereafter.'" His quote comes from a response letter penned by Stephen C. Goss, Chief Actuary of the Social Security Administration, who was asked to study the hypothetical discontinuation of the payroll tax.
Source Fool.com