• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

A confrontation over Social Security

When Greene was heading for the first subcommittee meeting, she was confronted by Alex Lawson, the executive director of Strengthen Social Security, a group dedicated to expanding and strengthening the benefits program. Lawson held up a mailed document containing Trump's pledge not to cut Social Security, asking if Greene would promise to honor it.

Greene became angry upon seeing Lawson, and she threw the document on the floor, although it is unclear if she realized it was a campaign mailer from Trump at the time of the incident.

Greene didn't wait to hear what Lawson had to say before she reacted. According to reports of the incident, as soon as Lawson called out "congresswoman" to get her attention, Greene immediately recognized him and began yelling that he was part of a "Democrat PAC," that he is "funded by a Democratic PAC, donates 100% to Democrats, and is ‘not media.’"

When replying to Lawson's request, Greene also said, "I don't need to take a pledge because we've already done that all year long, and guess what? The sad story for you is the American people elected Trump, his agenda and Republicans to lead the country because you guys suck so bad."

While her words imply that the Republicans have not proposed cuts and may not plan to, Newsweek reported that another House Republican, Greg Lopez of Colorado, responded to a question about Social Security and Medicare by stating that "there will be some cuts."

Invest in real estate without the headache of being a landlord

Imagine owning a portfolio of thousands of well-managed single family rentals or a collection of cutting-edge industrial warehouses. You can now gain access to a $1B portfolio of income-producing real estate assets designed to deliver long-term growth from the comforts of your couch.

The best part? You don’t have to be a millionaire and can start investing in minutes.

Learn More

Is Social Security safe?

Republicans like Greene and Lopez are facing tough questions about Social Security for some important reasons.

For one thing, Social Security is the largest line item in the government's budget, accounting for close to a fifth of all federal spending, according to the Peter G. Peterson Foundation.

With DOGE aiming to cut $2 trillion from the federal budget, getting anywhere near that number will be difficult without making changes to Medicare or Social Security or both.

What's more, Social Security's trust fund is expected to run dry as early as 2035, necessitating an automatic 23% benefits cut if changes are not made.

President Trump also pledged during the campaign to end taxes on Social Security ​​benefits, which could result in the trust fund running short three years sooner and necessitating a larger 33% benefits cut, according to the Committee for a Responsible Federal Budget.

These issues make it difficult for the status quo to continue. This does not, however, mean that Republicans will embrace cuts, as reducing benefits is extremely unpopular.

The reality is that Social Security is often called the third rail in politics. With Trump planning an ambitious populist agenda, there are plenty of less-popular targets for him to focus his spending cuts on that are likely to be a much higher priority.

Sponsored

This 2 minute move could knock $500/year off your car insurance in 2024

OfficialCarInsurance.com lets you compare quotes from trusted brands, such as Progressive, Allstate and GEICO to make sure you're getting the best deal.

You can switch to a more affordable auto insurance option in 2 minutes by providing some information about yourself and your vehicle and choosing from their tailor-made results. Find offers as low as $29 a month.

Christy Bieber Freelance Writer

Christy Bieber a freelance contributor to Moneywise, who has been writing professionally since 2008. She writes about everything related to money management and has been published by NY Post, Fox Business, USA Today, Forbes Advisor, Credible, Credit Karma, and more. She has a JD from UCLA School of Law and a BA in English Media and Communications from the University of Rochester.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.