Four senators are calling for prompt action in response to the release of a devastating new report about the future (or lack thereof) of Social Security.
Published by the Trump administration, the report revealed that Social Security will only be fully solvent until 2032.
“The Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100 percent of total scheduled benefits until the fourth quarter of 2032, one quarter earlier than projected last year,” the report read.
“At that time, the fund’s reserves will become depleted, and continuing program income will be sufficient to pay 78 percent of total scheduled benefits,” the report continued.
New Social Security worries spark backlash from AARP advocates https://t.co/8nBWhzZMa6 via @BIZPACReview
— BPR (@BIZPACReview) June 10, 2026
In response to this report, Democrat Sens. Dick Rubin and Tom Kaine, and Republican Sens. Bill Cassidy and Thom Tillis have released a joint statement calling for action.
“It’s clear now that Congress shouldn’t delay any longer,” the statement reads. “Several of us have been coming together to talk about how we can strengthen Social Security for current and future generations of retirees.”
“We say to our colleagues: join us in doing what we were elected to do—legislate on hard issues and protect this lifeline program for our kids and grandkids. Congress has no shortage of ideas; we just need to actually debate them and vote,” the statement continues.
The statement was reportedly released after House Speaker Mike Johnson made remarks on the “Moon Griffon Show” radio program, announcing that he doesn’t intend to address the Social Security crisis until next year.
“The reason we are in trouble is because over 74 percent of federal spending is on autopilot, mandatory spending,” Johnson said. “That’s your entitlement programs like Medicare, Medicaid, and then things like Social Security. They have to be adjusted and fixed. We have a plan to do that next year.”
Mike Johnson says Republicans want to cut Medicare, Medicaid, and Social Security, calling them “entitlements” and saying they need to be “fixed” pic.twitter.com/e1rqmtacB8
— Headquarters (@HQNewsNow) June 8, 2026
The delayed schedule didn’t sit well with everybody.
“Congress needs to get their act together to address Social Security and the insolvency that’s coming, instead of poking blame at other people whenever it is our duty and our responsibility,” House Ways and Means Committee Chairman Jason Smith reportedly said.
Democrats, meanwhile, pounced on Johnson by attacking him for wanting to actually fix Social Security.
“Mike Johnson just revealed Republicans are waiting until after the midterms to move forward with plans to cut Medicaid, Medicare, and Social Security,” Kirsten Gillibrand fearmongered in a tweet.
🚨 Mike Johnson just revealed Republicans are waiting until after the midterms to move forward with plans to cut Medicaid, Medicare, and Social Security.
The only thing that can stand in the way of Trump’s destruction is a Democratic majority in the House and the Senate.… https://t.co/xbLhhUUgXc
— Kirsten Gillibrand (@SenGillibrand) June 10, 2026
It appears Democrats would rather Social Security remain on track for bankruptcy so that they can use it as a wedge issue.
As previously reported, Social Security is going bankrupt because America has a spending problem, not a revenue problem. In fact, fixing it through the revenue means — which is preferred by Democrats — would negatively impact working-class Americans.
The Cato Institute notes, for example, that fixing the problem through raising payroll taxes would require “a 34 percent increase, raising the current 12.4 percent payroll tax rate immediately and permanently to 16.65 percent.”
“For a median worker in 2026, that tax increase would amount to roughly $2,900 per year, raising the worker’s payroll tax burden from about $8,465 today to $11,365,” according to the Institute. “That far exceeds what Americans say they are willing to pay: 77 percent of [survey] respondents … said they would be unwilling to pay even an extra $1,300 in annual payroll taxes to fix the program.”
Is everyone paying attention? We have just SIX YEARS before Social Security is insolvent.
Congress needs to stop burning money on fraud and crappy programs, balance the budget, and PROTECT Social Security so we can keep our promises to American seniors. pic.twitter.com/rZPB707mSy
— Rick Scott (@SenRickScott) June 9, 2026
Writers and editors can be contacted at [email protected] with feedback, tips, or corrections.
V. Saxena is a staff writer with a decade of experience as a professional writer, and a lifetime of experience as an avid news junkie. He holds a degree in computer technology from Purdue University. Saxena also contributes to BizPac Review.
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