Al Charlson is a North Central Iowa farm kid, lifelong Iowan, and retired bank trust officer.
We have heard for years that the Social Security and Medicare trust funds are running out of assets. The projected dates when both will be depleted are now clearly visible.
The trustees of the Social Security Trust Fund now project that it will be depleted by late 2032. Republican Senator Bernie Moreno of Ohio and Democratic Senator Elizabeth Warren of Massachusetts warned in a recent New York Times guest column that if nothing is done, Social Security benefits could then be cut by more than 20 percent. That would be a jolt and a real hardship for many of our older neighbors…