ilmscore | How Social Security Cuts Would Shake the Whole Economy

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Prediction
Topic
Status
A 20-24% cut to Social Security is predicted to push millions of Americans into poverty, leading to a surge in demand for Medicaid, SNAP, or food stamps, and Section 8 housing assistance.
"this would push millions of Americans into poverty, triggering a surge in demand for Medicaid, SNAP, or food stamps, and section 8 housing assistance."
US Economy / Social Security
Pending
Consumer spending is predicted to plummet as a consequence of a 20-24% cut to Social Security benefits.
"Consumer spending would plummet."
US Economy / Consumer Spending
Pending
A 20-24% cut to Social Security benefits would push millions of Americans into poverty, leading to a surge in demand for Medicaid, SNAP, and Section 8 housing assistance.
"this would push millions of Americans into poverty, triggering a surge in demand for Medicaid, SNAP, or food stamps, and section 8 housing assistance."
Poverty & Government Assistance
Pending
If Social Security benefits are cut, consumer spending would plummet.
"Consumer spending would plummet."
Consumer Spending
Pending
A Social Security benefit cut could quickly lead to an economic slowdown.
"What starts as a benefit cut could quickly turn into an economic slowdown."
Economy
Pending
Cuts to Medicaid and SNAP could result in 1 to 1.2 million job losses and $9 to $12 billion in less tax revenue.
"One study found that cuts to Medicaid and SNAP could result in 1 to 1.2 million job losses and 9 to 12 billion in less tax revenue."
Employment & Tax Revenue
Pending