Social Security Trust Fund Depletion and Legislative Gridlock
OASI trust fund projected to deplete Q4 2032, paying 78% of benefits. PROMISE Act (bipartisan) would force a congressional vote before depletion, adding procedural urgency. No reform plan has passed; partisan gridlock continues. Warren-Moreno bill to lift cap gains has bipartisan traction. Democrats highlight four ways GOP pushing 'deep cuts'. A new article captures the current state: AARP opposes commissions, 85% public support for tax increases.
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Updated Aug 10, 2026