On 3/10/2023, Biden’s top econ couldn’t answer the question.
Biden Econ Advisor Cecilia Rouse Can’t Say When Americans Can Expect Relief From Sky-High Inflation
Reporter: So, I’m going to ask about the other thing today, the jobs report, if I could. (Laughter.) So, the average hourly wages in the jobs report is up 4.6 percent. The CPI inflation is 6.4 percent. That — its — inflation has been outpacing wages for about a year and a half. When can Americans expect that to reverse — relief from that?

Chair Rouse: So, we did see that on an annual basis — we saw some wage — the nominal wages went up slower than what we expect. We don’t have the CPI report for this month, but based on what we had in January.

Q: manufacturing lost 4,000 jobs
A: focus on any one monthReporter: And on jobs, real quick. On jobs, manufacturing lost 4,000 jobs. With the focus on manufacturing here, what happened?

Chair Rouse: So, again, it — so, yes, but we had one month, and we don’t like to focus on any one month.

Biden Admin Has NO Answer When Called Out For Having NO PLAN To Save Social Security From Insolvency
Reporter: Thanks. Director, if you could explain the President’s thinking and his commitment going forward to ensuring the continued solvency of Social Security. His budget yesterday does not advance any plan to adjust the payroll tax for wealthier individuals. You say in the document that he’s interested in working with Congress. Can you explain whether that means that he hopes for a deal this year or in this Congress?

Dir Young: So, the deal is, this President will not accept benefit cuts …

Reporter: But, if I can just follow up, I mean, the — the thinking is that Social Security only has about 12 more years of solvency left. This seems like a good opportunity — isn’t it? — with a divided government, for the President to make a proposal and hope for a compromise? He doesn’t seem to be interested in doing that.

Dir Young: Well, you assume the debate is from cutting no benefits and moving forward. We’re trying to protect the benefits that are there now. I wish we were at the point of the debate where we could sit down and come up with proposals to extend.

Unfortunately, it is clear that some people want to go backwards. We’re saying: This President, which he has said over and over, will not accept benefit cu- — benefit cuts in the Social Security program.

So you’re assuming all players are starting from the same place. They’re not.

Reporter: But the President is not making a proposal here to extend the solvency of Social Security. He’s proposing not to accept any benefit cuts. But the Republican leaders say they’re not proposing benefit cuts.

Dir Young: Who are you going to listen to?

Karine Jean-Pierre Has Absolutely No Clue If Biden Will Sign Legislation To Declassify COVID Origins

Q: Social Security after 2035? A: going to take bipartisanship
Reporter: And then, you have said today and the President has also said on numerous occasions, that cuts to Social Security are off the table. I’m wondering, though, for folks who are planning on retirement after 2035, when the Congressional Research Service estimates that that program could be approaching insolvency — you know, for folks who are expecting to retire, you know, in the next decades ahead, is — what is the President’s message to them? Can they rely on this program? Will it be around for them after they pay into it?

Young: Remember, it takes — it’s going to take bipartisanship in order to deal with the longer-term issues here.

Q: why no proposal for extending Social Security’s solvency? A: greatest existential threat is GOPs
Reporter: Just following up on that. In the budget, you did spend a lot of time talking about your proposals for Medicare, expressing concern about Medicare solvency and claiming that the proposals that you’re making will extend Medicare for another 25 years or so. So why no proposal for extending Social Security’s solvency, which is almost as dire.

DIRECTOR YOUNG: … I’ve been very clear and the President has: We believe the greatest existential threat to Social Security today is those who want to cut it. So, our position, his position is that is not on the table, not on his watch. And that’s what this budget says.

Reporter: So will the President have a proposal in the future for extending Social Security’s lifeline so that people like your grandmother will be able to get their full benefits come 10, 15, 20 years from now?

Young: I hope she’s with us — (laughter) — that long. I really do. But what this President will do is make sure he is a backstop and will stop attacks on the program for people who want to cut it.

Q: it is dire. Republicans say it’s dead on arrival A: this is the President’s job
Reporter:

https://facebook.com/HygoNewsUSA/videos/723363189525633/
Q: inflation outpacing wages for about 1.5 year, manufacturing lost 4k jobs. NO PLAN To Save Social Security