The Stacking Benjamins Show · Monday, July 27, 2026
The Social Security Trustees report indicates the retirement trust fund may be unable to pay full benefits by late 2032 if Congress takes no action. The "Promise Act" is discussed as a potential legislative vehicle to force debate and votes on solutions, though it does not specify the solutions themselves. Hosts Joe and Doug highlighted the urgency for Congress to address the issue.
“Reporter Lori Konish talked about big moves in social security, potentially. It's called the Promise Act.”
“The latest Social Security Trustees report says that the retirement trust fund used to supplement payroll taxes, well, that's projected to run short around the fourth quarter of 2032, if Congress does absolutely nothing.”
“The Promise Act doesn't tell Congress how to solve it. It creates a process that a group of Republicans and Democrats have agreed on could lead Congress on the way to fix it. It's a process to force Congress to debate and vote on solutions.”