We can’t control what others do and we can’t stop misfortune from striking. But we can control our own actions. Those who are financially prudent will most likely enjoy success, even if events don’t always go their way.
The Social Security Administration, which sends retirement, survivor and disability payments to 73 million people each month, has long been called the “third rail” of politics — largely untouchable given its widespread popularity and role as one of the country’s remaining safety nets.
But in recent weeks, the Trump administration, led by Elon Musk’s crew of cost cutters at the Department of Government Efficiency, or DOGE, has taken its chain saw to the agency’s operations. The agency has announced plans to cut up to 12 percent of its work force, at a time its staffing is at a 50-year low. It has also offered early retirement and other incentives, including payments up to $25,000, to the entire staff.
This isn’t easy, I’m out of here
Many current and former Social Security officials fear the cuts could create gaping holes in the agency’s infrastructure, destabilizing the program, which keeps millions of people out of poverty and large percentages of retirees rely on for the bulk of their income.
The actions have caused Social Security employees and former commissioners and executives of both parties to sound alarm bells, saying it would be difficult to repair the damage, which could threaten access to benefits.
Note: Based on my experience I can tell you offering incentives for a workforce to leave is the most inefficient and counterproductive way to save money or create efficiency.
It is more insidious than just that. They have turned off phone service, which combined with closing regional offices and reducing staff, will greatly hinder any interaction. It is a great way to reduce expenditures in terms of benefits by making it so difficult to actually apply or make any changes. It would be political suicide if they ever actually planned on having to face the electorate again.
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It is more insidious than just that. They have turned off phone service, which combined with closing regional offices and reducing staff, will greatly hinder any interaction. It is a great way to reduce expenditures in terms of benefits by making it so difficult to actually apply or make any changes. It would be political suicide if they ever actually planned on having to face the electorate again.
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And yet incentives to leave are the most commonly used method to reduce staffing. What in your experience is the best way?
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