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The Must-Read Biden Quote on Social Security

The Must-Read Biden Quote on Social Security

Joe Biden ran for president on a number of ambitious policy goals. Fortifying Social Security was no exception. Along the campaign trail, Biden claimed that "if a plan like the one Trump is proposing goes into effect, the Social Security Trust Fund would be, and I quote, 'permanently depleted by the middle of calendar year 2023 with no ability to pay benefits thereafter.'" His quote comes from a response letter penned by Stephen C. Goss, Chief Actuary of the Social Security Administration, who was asked to study the hypothetical discontinuation of the payroll tax.