This chart doesn’t even require commentary:
What was truly pathetic is that White House chief of staff Ron Klain boasted that seniors would get a 9% increase in Social Security benefits this year. Is he delirious? That 9% increase simply keeps up with the higher prices that retirees have to pay for gas, food, and rent. Meanwhile, the Biden inflation is vaporizing seniors’ lifetime savings. Maybe Ron Klain thinks we should have 20% inflation so the monthly benefits can go up even more. Meanwhile, the higher benefits are only accelerating the date at which the Titanic of the Social Security trust fund goes bankrupt and runs out of money. Hooray. Great going, Ron.