Donald Trump's purge of the federal workforce could cause a system failure at the Social Security Administration, the agency's former leader warned.
“This is going to lead to total system collapse,” O’Malley told The Baltimore Sun. “It’s a very old, fragile computer system in (COBOL) language, which isn’t even in schools anymore.” In a social media post made Friday, O’Malley went on to say he expects benefit interruptions to start soon.
Elon Musk’s three-hour interview with “The Joe Rogan Experience” offered a window into his worldview that was by turns crude and contradictory.
Martin O’Malley, the former commissioner of the Social Security Administration (SSA), said Monday the recent cuts made by tech billionaire Elon Musk’s Department of Government Efficiency
Yes, you can claim Social Security benefits as early as age 62, but your benefit will be permanently reduced. The reduction is calculated based on how many months before FRA you begin collecting benefits. For example, if you turn 62 in 2025, your benefit would be about 30% lower than if you waited until 67.
Social Security has long been in a fraught position. The program will need to reduce benefits in 10 years if Congress doesn't make changes to shore up its finances. Although it's still early, let's take a look three things President Trump has discussed that would affect Social Security.