God DAMN IT, this is irritating!
Social Security (i.e., the non-existent "Social Security Trust Fund") will NOT run out of money in three years. Or two years. Or ten years. IT HAS NO MONEY! It is an accounting fiction that has never actually existed, and was even formally abandoned by Lyndon ******* Johnson! It is a pile of figurative IOU's FROM the federal government TO the federal government. It has no substance. It is not real.
The shortfall between the amount paid into SS each year and paid out to recipients IS BORROWED. It is not recovered from the non-existent Trust Fund. When the pile of fictitious IOU's runs out...the shortfall will CONTINUE TO BE BORROWED, without interruption, because Seniors who draw SS tend to VOTE, and any politicians who even suggest that SS be brought back to financial sanity will be politically "killed" within moments.
Trump's suggestion that the FICA tax be suspended for a while will accelerate the depletion of the fictitious pile of IOU's by a couple months, or even a year. SO WHAT?
Nevertheless, SS will have to be "fixed" sometime in the foreseeable future, but that "fix" will involve raising the maximum amount subject to the tax, and possibly adjusting the COLA calculation for future years. Maybe the age for collecting SS will be raised further. BUT NOBODY'S SS CHECK WILL EVER BE REDUCED. It will not happen. It can not happen.
Politicians who try to scare old bastards (like me) with fears of The Other Guy taking away their SS should be SHOT! It is a blatant, knowing, intentional, nefarious LIE!