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Trump called for Retirement Age rise as Social Security crisis solution in unearthed book

NewsTrump called for Retirement Age rise as Social Security crisis solution in unearthed book

Donald Trump once called for the Retirement Age to be raised to 70 in a book he authored called “The America We Deserve”.D

The comments from 2000, which have resurfaced in a report from CNN, come as Mr Trump has called out fellow Republicans for their reported plans for Social Security.

In recent months, conservative politicians and policymakers, including Presidential candidate Nikki Haley, have recommended raising the Retirement Age and changing the Social Security system.

However, Mr Trump has specifically targeted Florida Governor Ron Desantis over his legislative record regarding issues surrounding benefits, which would have seen the Retirement Age raised substantially.

Despite his criticism of Mr DeSantis, the recently indicted former President previously referred to Social Security as a “Ponzi scheme” and recommended hiking the Retirement Age to 70.

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In his book, he wrote: “The truth is undeniable, the workers of America have been forced to invest a sixth of our wages into a huge Ponzi scheme.

“The solution to the Great Social Security Crisis couldn’t be more obvious: Allow every American to dedicate some portion of their payroll taxes to a personal Social Security account that they could own and invest in stocks and bonds.

“We can also raise the age for receipt of full Social Security benefits to seventy.”

Despite this position, Trump has blasted Mr DeSantis for previous votes in Congress which would have seen the Retirement Age increased to 70.

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The former Apprentice star is leading the polls among Republican voters to take the party’s Presidential nomination once again, with the Sunshine State’s Governor coming in second.

Earlier this month, Mr Trump accused Mr DeSantis of wanting to “rip retirement benefits away from Americans”.

The recently indicted politician added: “DeSantis is colluding with his globalist handlers to go full Never Trump in order to gaslight the people into thinking that Medicare and Social Security should be ripped away from hard-working Americans.”

In April 2023 alone, Pro-Trump PAC Make America Great Inc launched two ad campaigns hammering his Republican rival over the issue.

During his time in the White House, a budget called for a reduction in spending on Medicare, according to the nonpartisan Center for Budget and Policy Priorities.

Around the same time, Trump said he was open to cutting benefit entitlements for Americans in an interview with Fox.

Some 63 million people receive Social Security benefits, according to the latest figures from the Social Security Administration (SSA).

Currently, the Full Retirement Age for the majority of Americans is 67 but this may be different if someone is born before 1960.

Politicians have been pushing the Biden Administration to react to reports that Social Security may become insolvent by 2033.

Under current law, Social Security recipients will see their benefit payments slashed by 24 percent if the Social Security Trust Fund goes insolvent.

This includes those currently receiving Social Security payments and anyone who will receive them in the future.

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