Friday, June 12, 2026

Trump's Pardons for Money

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by Rod Williams, June 12, 2026- Recently, I shared a Facebook post of the short video you see to the right. I got the responses from Trump supporters that one would expect. The response one gets when posting anything exposing or critical of Trump's illegalities, cruelties, corruption, or irrational policies is "fake news," or "TDS." 

Fake news does not mean the facts are in dispute, but that it is news the Trump supporter doesn't like. "Fake news" is facts that contradict the Trump narrative. Facts the Trump supporter finds inconvenient are considered "Fake News." Unfortunately, millions of Americans think like this. Rather than consider data that may challenge their loyalty to the dear leader, they mindlessly dismiss facts as "fake news." We really live in a post-truth era. Facts are irrelevant to the Trump true believer. 

The other response one gets is "TDS." "TDS," as the reader probably knows, stands for Trump derangement syndrome. I think the real ones with TDS are the Trump supporters, where TDS can stand for "Trump Devotion Syndrome" or "Trump Denial Syndrome," but when someone says you have TDS, they mean you have Trump Derangement Syndrome. Any criticism of Trump's cruelties, irrational policies, illegal actions, or corruptions gets one labeled as having TDS.

So, just how do Trump's pardons compare to those of other presidents? If you go all the way back to the founding, Trump is not the president who has pardoned the most people, but he comes in second place. Andrew Johnson’s massive post-Civil War pardons place him in first place. Among modern presidents, Trump has issued the most pardons or commutations. Other presidents with a large number of pardons, commutations, or clemencies include Franklin D. Roosevelt, Harry Truman, Dwight D. Eisenhower, Joe Biden, and Barack Obama. Most often, pardons in the past have relied heavily on the formal petition process. Trump's pardons have been of loyalists and the process has been different. 

In Trump's first term, he used the pardon power much the way previous presidents have. Almost all of his controversial pardons have occurred in his second term, which is not even at the halfway point yet. Most people are aware of his pardon of those who attacked the Capitol on January 6, 2021. As bad as that is, there is a whole other category of pardons, which is just plain old corruption. 

This other category of pardons is reminiscent of Tennessee Democratic Governor Ray Blanton's "cash for clemency" scandal. It is an interesting chapter in Tennessee's history. Ray Blanton went to prison for his crimes. We lived in a different era when corruption was condemned. 

Due to Trump's daily flooding the zone with one outrage after another, his pardons, other than the J-6 pardons, have not gotten a lot of attention. He has pardoned many people whose guilt was not in doubt, including people who were drug dealers and especially people who committed financial fraud. 

Often when one is convicted of financial fraud, the sentence requires the convicted to make restitution. When Trump pardons someone who embezzled money from venerable marks, the restitution sentence goes away too, and the criminal gets to keep the stolen money. 

I am posting below the Wikipedia entry, "List of people granted executive clemency in the second Trump presidency." Those looking for any reason to excuse Trump's worst behavior will say Wikipedia is not a trusted source. The Wikipedia story is well documented, and this same information is widely available elsewhere. I am highlighting some information I find of particular interest.

I know that most Trump loyalists are not interested in the truth and do not mind the corruption. I keep hoping some Trump supporters still have a sense of decency and would think that when one embezzles money from venerable elderly people, the perpetrator should be punished and required to make restitution. I am beginning to lose that hope. If you are a Trump loyalist whose loyalty is unshakeable and you are unbothered by the corruption, go ahead and reply "fake news," or "TDS."

List of people granted executive clemency in the second Trump presidency

In his role as the 47th president of the United States (January 20, 2025 – present), Donald Trump granted executive clemency to more than 1,700 individuals as of June 11, 2026, all of whom were charged or convicted of federal criminal offenses.[1][2] This included a blanket pardon of some some 1,500 individuals associated with the January 6 United States Capitol attack. Many of Trump's pardons have gone to people who committed fraud against the government or investors.[3] In many cases, Trump also removed the requirement that these individuals pay restitution and fines, costing their victims an estimated $1.3 billion.[4][5] At least three individuals who had been convicted in white-collar fraud cases and who were granted executive clemency also had their pending United States Securities and Exchange Commission civil enforcement actions dropped as a result.[6]

A June 2026 Reuters review of clemency decisions by the second Trump administration found that 96% of clemency grants failed to meet longstanding Department of Justice guidelines for such requests; a large number of pardons were granted to people who used Trump allies to lobby for their cause; and there was evidence of donations to Trump or payments to Trump allies to help achieve the clemency.[1] The nature of the clemency process under the second Trump administration has been controversial among legal experts, ethics experts, and the victims of the pardoned offenders.[1]

Background

The U.S. president's power of clemency arises from Article II of the United States Constitution. Clemency "may take several forms, including pardon, commutation of sentence, remission of fine or restitution, and reprieve",[7] with the two most commonly used forms being a pardon or commutation. A pardon is an official forgiveness for an acknowledged crime. Once a pardon is issued, all further punishment for the crime is waived.[8] The president can only grant pardons for federal offenses.[9] When the president commutes a sentence, it reduces the severity of a sentence without voiding the conviction itself; for example, a commutation may reduce or eliminate a prison term, while leaving other punishments intact.[7] The power of clemency is "one of the most unlimited powers bestowed on the president by the Constitution."[10]

Trump's second-term use of executive clemency

Role of the Office of the Pardon Attorney

Trump frequently bypassed the Office of the Pardon Attorney, and on March 7, 2025, fired its leader, Department of Justice career attorney Liz Oyer, and installed political loyalist Ed Martin in the role.[11][12] Ed Martin described the rationale for granting pardons as "No MAGA left behind".[13] In April 2025, Oyer testified to the Senate and accused the Justice Department of "ongoing corruption" and that "the leadership of the Department of Justice appears to value political loyalty above the fair and responsible administration of justice".[14]. On February 2, 2026, it was reported that Martin was considering leaving the Justice Department following conflicts with Todd Blanche, the Deputy Attorney General.[15]

Creation of 'Pardon Czar' position

On February 20, 2025, Trump announced the creation of a new position to recommend executive clemency candidates, and named Alice Marie Johnson to the role. Johnson, who had been sentenced to life imprisonment without parole for nonviolent drug offenses, received a sentence commutation and later a full pardon in Trump's first term, after Kim Kardashian intervened on her behalf.[16]

Role of lobbyists

In addition to pursuing pardons through the Office of Pardon Attorney, the Pardon Czar, and the White House Counsel's Office, some wealthy pardon-seekers have hired politically-connected lobbyists to present their cases directly to Trump, with many echoing claims of political prosecution to win Trump's support.[17][18][19] Reflecting concerns about the optics of the pardon process, there have been sporadic attempts by White House staffers to limit access to Trump by advocates for pardon-seekers.[20]

Lobbyists have told the Wall Street Journal and other news outlets that fees of $1M are standard. Some would-be pardon recipients have offered success fees of $6M for a successful application.[21][22][23] NBC News reported that former U.S. Attorney Brett Tolman and Washington attorney Adam Katz have played key roles in securing clemency for their clients.[22] Similarly, lobbyist Ches McDowell and Checkpoint Government Systems received $1.3M for obtaining clemency for Changpeng Zhao.[24] Lobbyists Jack Burkman and Jacob Wohl accepted $300,000 to lobby for a pardon for fugitive crypto figure Andean Medjedovic[25] and $960,000 to lobby for a federal pardon on behalf of Joseph Schwartz, convicted for nursing home fraud in April 2025. It was later reported that Schwartz was unhappy with their efforts and hired politically-connected attorney and lobbyist Josh Nass to pursue clemency[26]. Schwartz was granted clemency on November 14, 2025.[27][28] Nass was later charged with extortion in an apparent connection to the Schwartz pardon; federal prosecutors alleged that Nass hired a convicted racketeer to assault or kidnap Schwartz's son in order to get $500,000 Nass said Schwartz owed him for his pardon work.[29][30]

The scope of the Trump pardons became a contentious legal issue. Several people who were under investigation in the January 6 Capitol assault were charged in separate cases that came about as a result of those investigations. These separate cases included gun charges, possession of child pornography, and threatening FBI agents.[31]

With the mass pardon of the January 6 Capitol assault participants, lawyers for some of those defendants argued that the mass pardons applied to those charges as well[32], and in several of the cases the Department of Justice attorneys concurred[33]. Some courts accepted this reasoning, but many were skeptical.[34] On November 14, 2025, Department of Justice Pardon Attorney Ed Martin announced additional pardons for two of the people charged in the separate cases.

After the 2025 arrest of Brian Cole Jr. in the pipe bomb attacks on the Democratic National Committee and the Republican National Committee the night before January 6, former DOJ prosecutor Ankush Khardori argued that the broad pardon language may apply to Cole, potentially upending prosecution of Cole.[35] In March 2026, Cole's lawyers made a motion making that exact argument in court.[36]

Fake electors plot pardons

On November 10, 2025, Department of Justice Pardon Attorney Ed Martin announced on social media that 77 people alleged to have been involved in the 2020 Trump fake electors plot had been pardoned via proclamation. None of the listed people were facing federal charges at the time, and the proclamation, known as Proclamation 10989, does not affect state charges.[37][38][39]

Building on the scope questions related to the January 6 Capitol assault mass pardon, Proclamation 10989 explicitly states that the clemency action applies to "all United States citizens for conduct relating to the advice, creation, organization, execution, submission, support, voting, activities, participation in, or advocacy for or of any slate or proposed slate of Presidential electors, whether or not recognized by any State or State official, in connection with the 2020 Presidential Election, as well for any conduct relating to their efforts to expose voting fraud and vulnerabilities in the 2020 Presidential Election" and that it is not limited to the 77 people listed by Martin[39]. The proclamation explicitly disallows Trump as a pardon beneficiary, but otherwise delegates questions about to whom it applies to and what activities it covers to the Department of Justice.[40]

Attorneys for a man accused of voter fraud in the 2020 election have argued that the pardon applies to him, even though he is not on the proclamation list.[41] Prosecutors have argued against this interpretation, saying that it is up to the Department of Justice to determine who is eligible for inclusion in the pardon.[42]

Former NFL player pardons

Shortly after the 2026 Super Bowl, 'Pardon Czar' Alice Marie Johnson announced pardons for five former professional football athletes: Joe Klecko, Nate Newton, Jamal Lewis, Travis Henry and the late Billy Cannon.[43] All had served time and been released after having been convicted on charges ranging from drug dealing to fraud to counterfeiting more than a decade ago.

Major beneficiaries

Trump's pardons and grants of clemency favored political allies and loyalists.[44][45] On January 20, 2025, Trump issued mass pardons and commutations to people who were prosecuted in the January 6 United States Capitol attack. On November 9, 2025, U.S. Pardon Attorney Ed Martin announced that Trump had signed a proclamation granting pardons preempting future federal prosecutions for 77 people associated with the Trump fake electors plot to overturn the results of the 2020 U.S. presidential election.[38]. This list included Trump's personal attorney Rudy Giuliani and former chief of staff Mark Meadows.

NBC News analyzed Trump's pardons for 88 individuals granted through January 20, 2026, and found that more than half of them went to wealthy criminals convicted for white-collar crimes such as money laundering and fraud.[46]

In April 2026, the Wall Street Journal reported that Trump had recently said he would "pardon everyone who has come within 200 feet of the Oval Office".[47]

Public reactions to clemency actions

In May 2026, CBS News reported that Democrats in both the House and Seante were investigating the pardons and the involvement of "pay-to-play dynamics".[48]

Reactions to the January 6 United States Capitol attack clemency actions

Trump's pardons and commutations of participants in the January 6 United States Capitol attack were widely condemned by involved officers and police unions. Capitol Police sergeant Aquilino A. Gonell, who was hurt in the attack and retired due to those injuries told the New York Times, "It's a miscarriage of justice, a betrayal, a mockery, and a desecration of the men and women that risked their lives defending our democracy."[49] The International Association of Chiefs of Police and the Fraternal Order of Police issued a joint statement condemning clemency for criminals who assault law enforcement officers, but did not explicitly call out the January 6 actions. Notably, the latter group endorsed Donald Trump in the 2024 US presidential election. The National Association of Police Organizations explicitly condemned the clemency actions for individuals who assaulted law enforcement officers on January 6.[50][51]

Federal judges who oversaw or were overseeing January 6-related cases also condemned the actions. U.S. District Judge Tanya Chutkan wrote in her dismissal of the charges against January 6 defendant John Banuelo's case that no pardon could change the “tragic truth” of what happened that day: "It cannot whitewash the blood, feces, and terror that the mob left in its wake. And it cannot repair the jagged breach in America's sacred tradition of peacefully transitioning power.”[52]

Some Senate Republicans also condemned the pardons and commutations. James Lankford told CNN, “I think if you attack a police officer that's a very serious issue and they should pay a price for that.” But when Senate Majority leader John Thune was asked about Trump's clemency actions for the January 6 rioters said, “We're looking at the future, not the past.'[53]

Reactions to other clemency actions

More broadly, The Marshall Project looked at how Trump's second presidency pardon decisions have deviated from the Department of Justice's clemency process as described in the Justice Manual, especially with respect to input from victims, prosecutors, and judges; remorse; and restitution paid.[5] Other analysts and commentators have noted the many white-collar criminals that have benefited from Trump's pardons and commutations. Trump disproportionately pardoned "the powerful, famous, well-connected and wealthy" accused of white-collar crime, which The New York Times described as part of an effort "relegating white-collar offenses to a rank of secondary importance behind violent and property crimes".[45] Some legal observers have specifcally called out how Trump's pardon decisions, together with the gutting of relevant federal prosecution units, have undermined public corruption crime-fighting efforts.[54]

In March 2026, Trump announced an anti-fraud task force, led by "fraud czar" JD Vance, and called out recent cases in Minnesota. In ongoing investigations into fraud involving government money in that state, the vast majority of people prosecuted so far are of Somali descent, and Trump has cited that as justification for his violent crackdown on immigrants in general. But critics have noted that in the first year of his second presidency, Trump has granted pardons and commutations to nearly three dozen people prosecuted for fraud.[55] "The war on fraud seems like a war on specific fraud committed by a specific kind of people," former U.S. Pardon Attorney Liz Oyer told the New York Times.[56]

Others have noted that multiple high-level drug kingpins have received pardons, which stands in stark contrast to Trump's tough-on-drugs justifications for military strikes on and sinking of alleged drug boats.[57][58]

Trump received criticism for pardoning crypto billionaire Changpeng Zhao, whose company Binance entered into a business deal with the Trump family's crypto startup World Liberty Financial.[59][60] In response to criticism of his pardon, Trump stated "I don't know who he is".[61] On November 16, 2025, CBS News aired an interview Scott Pelley conducted with former Justice Department Pardon Attorney Liz Oyer, in which she said that the pardon process now favored the wealthy, and criticizing the pardon of Zhao in particular.[62]

The post continues with a list of all of those whom President Trump pardoned. The January 6th criminals are described in different categories. The plain old white-collar criminals who committed financial fraud are named individually, and their crimes are detailed. For that list follow this link.   

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Thursday, June 11, 2026

Why Will President Donald Trump Not Endorse Either Marsha Blackburn or John Rose in the Tennessee Republican primary for Governor

by Rod Williams, June 11, 2026 - It would be hard to find a higher-profile, more vocal sycophant for Donald Trump than Marsha Blackburn. Andy Ogles comes close, but he doesn't get near the Fox News attention that Marsha does. 

Now Marsha Blackburn is running for governor, and she has not won Trump's endorsement. Of course, it does appear Trump is more likely to punish disloyalty than reward loyalty. In the race for Tennessee's governor, both Republican candidates are Trump loyalists. So, so far Trump has chosen not to endorse in this race. Given Trump’s known unpredictability, there is some room for late endorsements, but currently, no official endorsement is in place. 

Both Blackburn and Rose have cultivated strong ties to Trump and alignment with his agenda. Blackburn leads in statewide polling and has accumulated campaign endorsements and funds, making her the primary favorite. 

Rose highlights his loyalty to Trump-era positions, including his votes against certifying the 2020 election. Despite that loyalty, I expected Trump to endorse Blackburn simply because she has gone out of her way to be a vocal cheerleader for Trump and because she is likely to win anyway, and I suspected Trump would endorse her and then claim it as a victory when she won. So why has he not endorsed her?

I have a close friend who is well-informed about Tennessee politics, and he offers this explanation. First, Trump got tired of Blackburn's constant begging for an endorsement. Apparently, she brought it up every time they talked. She became annoying.

Secondly, she seems to have committed to appoint Knoxville's Representative Tim Burchett to fill the vacancy that would be created by her leaving the Senate to become governor. The Trump administration opposes that. Despite Burchett being a Trump loyalist on most things, it seems he is a debt hawk.  Being an advocate of fiscal responsibility and advocating reducing the national debt used to be a standard Republican position, but not so much anymore. The Trump administration does not want another deficit hawk in the Senate. 

And thirdly, he is also an advocate of releasing the Epstein files, and we know Trump does not want another person in the Senate for whom that is an important issue. 

Tennessee’s Republican primary for governor is scheduled for August 6, 2026, with the general election set for November 3, 2026. Incumbent Governor Bill Lee is term-limited and cannot seek re-election. Whoever wins the Republican primary is almost certain to be the next governor.  


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Once Upon a Time, Serious Social Security Reform Was Proposed

by Michael Dioguardi
by Michael Dioguardi, Facebook, June 11, 2026 - Social Security reform is not something that can be accomplished quickly. Structural changes to a program of this scale and complexity require decades of careful transition, and that is precisely why the window that closed twenty-five years ago matters so much.

In 2001, the President’s Commission on Social Security Reform offered three serious paths forward:

Reform Model 1 establishes a voluntary personal account option but does not specify other changes in Social Security’s benefit and revenue structure to achieve full long-term sustainability.

Reform Model 2 establishes a voluntary personal account without raising taxes or requiring additional worker contributions. It achieves solvency and balances Social Security revenues and costs.

Reform Model 3 establishes a voluntary personal account option that generally enables workers to reach or exceed current-law scheduled benefits and wage replacement ratios. It achieves solvency by adding revenues and by slowing benefit growth less than price indexing.

These were not radical proposals. They were the product of a serious bipartisan commission examining a known and quantifiable long-term problem. Whatever one thinks of the specific mechanisms, they shared a common orientation: moving the program over time from a model of generational wealth transfer toward one of individual ownership, with the transition structured gradually enough to protect those already dependent on existing benefits.

Instead of engaging with those proposals on their merits, the opposition chose a campaign of political attack. The ideas were mischaracterized, the process was poisoned, and the opportunity closed.

Twenty-five years later, a transition that could have been well underway, possibly one third to one half complete, has not begun. The program is now approaching insolvency, and the solution most commonly reached for is lifting the payroll tax cap. That is not a structural reform. It is a revenue patch that delays the problem without resolving it and does nothing to address the underlying demographic and fiscal dynamics that make the current model unsustainable.

Michael Dioguardi is a residential property manager and independent blogger writing under the title Seeker of Liberty. Drawing on years of dedicated study of the U.S. Constitution, the Federalist and Anti-Federalist Papers, landmark court decisions, and Austrian School economics, he analyzes contemporary challenges to individual liberty, institutional accountability, and economic stability. Michael resides in Nashville. 

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Tuesday, June 09, 2026

Where's My Sidewalk?

From Megan Podsiedlik, The Pamphleteer, June 9, 2026 - Mayor Freddie O’Connell’s pitch was “Sidewalks, Signals, Service, and Safety,” in that order. That said, three-quarters of CHYM’s sales tax revenue is going toward WeGo bus services in FY 2027. Why? Because that’s the way the plan was written. 

“The legal structure under which we're allowed to collect it says that we had to make a transportation improvement plan that said, 'These are the projects and this is how we're going to spend it,'” explained CHYM Chief Program Officer Sabrina Sussman during last week's meeting.

Sussman says Nashville will get the “86 miles of sidewalks, 600 traffic signals, 39 miles of complete streets, and really bountiful changes to WeGo” promised in the referendum.

WeGo will never be self-sufficient 
Council Member Tasha Ellis asked whether CHYM and NDOT will ever be consolidated and completely funded by sales tax revenues in order to free up the general fund dollars traditionally earmarked for public transit. The answer was a resounding no.

“We do not envision a future where the general fund does not contribute at all to WeGo,” said Sussman. “Part of what was happening is the general fund obligations and needed investments were rising faster than the general fund was, and so this dedicated revenue allows you to still make those investments [and] really support the system without that increased burden back on the general fund. But we are not going to move to a place where the general fund isn't funding WeGo at all.”

What has your sales tax gotten you so far?
CHYM Finance Manager Andrew Walczak explained how CHYM’s FY2026 operating budget was spent.

“To date, we're just under $51.4 million, and it's worth noting that about $48 million of that $51.4 [million] has gone to direct transit services by WeGo,” said Walczak.

This includes the Journey Pass program, which has enrolled 11,000+ riders who will receive free WeGo rides for the next three years. That money has also gone toward expanded routes, more frequent service, and WeGo Link zones.

Sidewalks and signals 
So far, only one sidewalk project has been completed.

“Our first sidewalk funded through Choose How You Move was completed recently at Edge O Lake Drive,” said NDOT Interim Deputy Director Derek Hagerty.

Two other sidewalk projects are currently under construction, and four more are about to come online. 

As for smart signals, officials started with the 115 signals that are easiest to upgrade.

“Eighty-three of those are downtown; 32 are on Nolensville and Harding Place,” said Hagerty.

That said, delivering similar upgrades to all 592 signals included in the CHYM plan may prove to be a challenge on streets where fiber installation is needed.

Airport routes aren't taking off quite yet. Several council members inquired about WeGo services connecting riders to the airport. According to officials, hour-long bus trips are still a deterrent when people are choosing how to manage travel plans. 

“We used to run some of the trips express, and we found them to be very low patronage,” explained WeGo CEO Steve Bland. 

Bland says the future corridor planned for the airport extension is more promising: “The more streamlined service would be the Murfreesboro Pike all-access corridor, which would extend along Donaldson to the airport with very frequent service, more limited stops, and kind of a direct shot into the downtown court.”

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Trustees Warn Social Security and Medicare Are Approaching Insolvency

by Rod Williams, June 9, 2026- As one of my musical heroes sang, "we are rolling downhill like a snowball headed for hell."  

No one seems to care. Not no one exactly, but very few. I am not talking about the prospect of North Korea soon having improved nuclear weapons capable of hitting the United States or the increasing acceptance of ideologies detrimental to our continuing as a democratic republic, or climate change, or any number of other political or international trends. I am talking about the pending economic collapse of the United States. 

The thing that is going to be a great leap forward in this catastrophe is right around the corner and that is the approaching insolvency of the Social Security Trust fund. It will be empty in six years. When it is empty, there will be an automatic cut in benefits of 22%. Do I think there will really be a cut of 22%? No. Congress will not allow that. Congress will fund the SS deficit out of general revenues. The problem is that we are already constantly running deficits. We already spend more than we take in each year. So, to fund the SS deficit, the US will increase the budget deficit. We will borrow more money, adding to the national debt.

The problem with doing that is that we have about reached the point where we have no more borrowing capacity unless we increase the amount of interest we pay to borrow. Already, interest on the debt is the second-largest component of the federal budget, outpacing all other spending categories except Social Security.  Payment of interest on the debt is mandatory. It is not something we can decide to cut. We have very little wiggle room.

While a country is not exactly like a household, as a country, we are much like the household that has borrowed so much money that its greatest monthly expenditure is interest- car payment interest, house payment interest, credit card interest. We are like the household that has trouble buying groceries or keeping the lights on because so much of our current income goes to paying debt and the only way we keep afloat is to borrow more this month to pay last month's bills and we are using the credit card to buy groceries and pay the electric bill. 

In fiscal year 2024, the U.S. paid $1.13 trillion in gross interest on the debt. This amount is more than the combined budgets for national defense, Medicare, veterans, education, transportation, and science. 

The U.S. is still a strong economic power. The reasons we have been able to maintain a strong military and expand the welfare state without paying for it is because other countries want our debt. We are the tallest midget in the room. We are the world's reserve currency. That is not ordained and could change. There are troubling signs that it is changing. Now, when the US refinances debt, we are more and more refinancing long-term debt with short-term debt. That is a troubling sign. 

The only alternative to borrowing is to monetize the debt, which means borrowing from the Federal Reserve or euphemistically printing more money. This is not a good alternative and can lead to out-of-control inflation. 

While I think Trump's economic policies are bad, especially his tariff policy and some of the things in the so-called Great Big Beautiful Bill, this problem cannot be blamed on him. Both parties have led us to this point, and we have known of this coming SS insolvency for decades. This is not something that just snuck up on us. 

I know the immediate response I will get to this is that Congress should pay back the money that it stole from Social Security. That is BS. It didn't happen. Another response is that we need to cut the waste and abuse, and immigrants who are getting Social Security. Again, the waste and abuse are minuscule, and if anything, immigrants make the problem less bad, not worse. People look for scapegoats, but the truth is, we wanted a generous welfare system and did not want to pay for it. Well, the day of reckoning is near, and the Social Security trust fund going bust is going to be a great leap forward on our road to economic ruin. Some things could be done now to avoid this coming catastrophe, but I don't see any appetite for doing them. We are rolling downhill, like a snowball headed for hell. 

See the below from the Committee for a Responsible Federal Budget:

.

Trustees Warn Social Security and Medicare Are Approaching Insolvency

 Committee for a Responsible Federal Budget, June 9, 2026- The Trustees for Social Security and Medicare just released their annual reports, showing a significant deterioration in the financial states of both trust funds. They project that the Old-Age and Survivors Insurance (OASI) trust fund – which funds retirement benefits – will be insolvent in 2032, and the theoretically-combined Social Security Old-Age, Survivors, and Disability Insurance trust fund will run out in 2034. Medicare Hospital Insurance (HI), meanwhile, is estimated to face insolvency in 2033.

Insolvency of these programs would result in steep across-the-board cuts. When the Social Security retirement fund runs out of reserves, beneficiaries will face an abrupt 22% cut; Medicare insolvency would lead to an 11% cut in payments, undermining access to care. Our No State Spared report estimates the state-by-state impact of a similarly-sized cut if it occurred today.

Over 75 years, the Trustees project both programs face shortfalls significantly larger than last year’s projection. The Trustees project the Social Security programs face a combined 4.42% of taxable payroll shortfall – up 16% from last year; they project the Medicare HI shortfall is 33% larger than last year, at 0.56% of payroll.

You can find our preliminary analysis of both reports here. Register for our virtual event, “Checking in on the Social Security and Medicare Trust Funds” featuring a conversation with Social Security’s Chief Actuary Karen Glenn on Wednesday, June 10 at 2:00pm ET here. Full analysis of these reports are forthcoming.

The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget: 

Washington is sleepwalking into a retirement crisis, allowing our nation’s most important trust funds to go insolvent at the expense of over 70 million beneficiaries who count on these programs. 

In just six years – during the next Senate class’s term – Social Security’s retirement fund will run out of money. Medicare will run out just half a year later. Today’s youngest retirees will be turning 68 when Social Security runs dry and 69 when Medicare does. Yet our leaders have no plan to prevent the abrupt 22% benefit cut or 11% payment cut that would ensue.

Politicians have known about and neglected these programs for 40 years now. But the problem is much worse now. Thanks to decades of inaction, solutions like eliminating the taxable maximum or progressive price indexing benefits are no longer close to enough to restore solvency. And thanks mainly to the tax cuts in the “One Big Beautiful Bill” and worsening demographics, Social Security’s projected shortfall is a full 16% worse than last year’s. Medicare’s shortfall is 33% worse.

Instead of talking about solutions to these real funding problems, leaders in Washington instead demagogue each other over the issue, with both sides promising not to touch the programs. Unfortunately, that promise is a tacit endorsement of the across-the-board cuts that will happen at exhaustion – an unacceptable outcome. No state would be spared from the consequences of failure to save these programs from insolvency – each and every member of the House and Senate has constituents that rely on the programs.

There’s no shortage of options out there to avoid this – we’ve put forward several novel ideas in recent months for starters. But enacting solutions requires political will.

It’s time for our leaders to start telling the truth on Social Security and Medicare, and working on real plans to save these programs. Time is running out.

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