In response to criticisms labeling Social Security as a Ponzi scheme, Martin O’Malley, former Social Security Administration (SSA) commissioner, defended the program’s integrity.

为了回应将社会保障标记为庞氏骗局的批评，前社会保障局（SSA）专员马丁·奥马利（Martin O'Malley）捍卫了该计划的诚信。

O’Malley made the remarks as the House Ways and Means Social Security, Income, and Poverty subcommittee began an examination of the program’s finances and operations.

奥马利（O'Malley）发表了言论，因为众议院的方式和意味着社会保障，收入和贫困小组委员会开始对该计划的财务和运营进行检查。

The administration of US President Donald Trump has proposed slashing the agency’s budget and workforce as part of a broader effort to reduce the role of the federal government.

美国总统唐纳德·特朗普（Donald Trump）的政府提议削减该机构的预算和劳动力，这是降低联邦政府角色​​的更广泛努力的一部分。

However, O’Malley stressed that Social Security has been a stable and reliable system for nearly nine decades, operating on a pay-as-you-go basis where current workers fund the benefits of retirees.

但是，奥马利强调，近九十年来，社会保障一直是一个稳定且可靠的制度，在当前工人资助退休人员的利益的情况下，以付费的方式运作。

“It’s not a Ponzi scheme. It’s a program that has been paid for by generations of Americans and continues to provide a vital safety net for millions of seniors, children, and people with disabilities,” O’Malley said.

奥马利说：“这不是庞氏骗局。这是一项由几代美国人支付的计划，并继续为数百万的老年人，儿童和残疾人提供重要的安全网。”

As long as Americans continue to work and contribute to the system, it remains financially sound, he added.

他补充说，只要美国人继续工作并为该系统做出贡献，它在财务上仍然是合理的。

Recent economic growth has also helped to boost the program’s finances, pushing out the projected depletion of the trust fund reserves to 2035 from previous estimates of 2033.

最近的经济增长也有助于提高该计划的财务状况，从而将信托基金储备的预计耗竭降至2035年的2033年估计。

SSA Crisis: Staff Cuts Blamed on DOGE DepartmentThis all started after significant staffing cuts and operational changes within the SSA, attributed to the Trump administration’s Department of Government Efficiency (DOGE), are impacting the agency’s ability to provide services effectively.

SSA危机：裁员归咎于Doge部门，这一切都在SSA内的大量人员削减和运营变更之后，归因于特朗普政府政府政府效率部（DOGE），正在影响该机构有效提供服务的能力。

These changes, which include the elimination of more than 7,000 jobs and the closure of field offices across the US as part of broader government efficiencies, are leading to increased wait times and service disruptions for beneficiaries.

这些变化包括取消7,000多个工作岗位以及作为更广泛的政府效率的一部分，在整个美国关闭现场办公室，这导致了受益人的等待时间和服务中断。

O’Malley issued a stark warning that such drastic reductions could ultimately lead to a complete collapse of the system, potentially cutting off benefit payments within a matter of months.

奥马利（O'Malley）发出了明显的警告，称这种急剧减少可能最终导致系统崩溃，并有可能在几个月内切断福利支付。

The nomination of Frank Bisignano to lead the SSA has further ignited the debate. Bisignano, a seasoned financial services executive and self-professed DOGE ‘person’ without prior government experience, faced scrutiny during his confirmation hearing.

弗兰克·比斯尼亚诺（Frank Bisignano）领导SSA的提名进一步引发了辩论。比西尼亚诺（Bisignano）是一位经验丰富的金融服务主管，也没有以前的政府经验的自称“人”，他在确认听证会上面临审查。

Lawmakers expressed concerns about his commitment to the agency’s mission and the potential for further disruptions to the vital benefits programs under Bisignano’s leadership.

立法者对他对代理机构使命的承诺以及在比西尼亚诺（Bisignano）的领导下进一步破坏重要福利计划的潜力表示担忧。

The Crypto Connection: O’Malley’s Bitcoin JabO’Malley took a jab at Bitcoin (BTC), saying that while Social Security isn’t a Ponzi scheme, the cryptocurrency might be.

加密连接：O'Malley的比特币Jabo'Malley在比特币（BTC）上戳了一个戳，说虽然社会保障不是庞氏骗局，但加密货币可能是。

This is likely because the crypto enthusiasts always state that decentralized systems like Bitcoin are necessary since they don’t rely on trust in government institutions or centralized entities.

这可能是因为加密爱好者总是声明像比特币这样的分散系统是必要的，因为它们不依赖对政府机构或集中实体的信任。

It’s worth noting that crypto investors usually prefer to invest in BTC or other cryptocurrencies over the US stock market or the broader financial system. This is because they view cryptocurrencies as a hedge against inflation, government overreach, and the institutions they believe are corrupt.

值得注意的是，加密投资者通常更喜欢在美国股市或更广泛的金融体系上投资BTC或其他加密货币。这是因为他们将加密货币视为反对通货膨胀，政府过度和他们认为腐败的机构的对冲。

Could SSA Woes Push Young People to Crypto?With how things are going, a good deal of Millennials and Gen Z investors already believe Social Security may not exist for them when they retire.

SSA的困扰会促使年轻人去加密吗？随着事情的发展，大量的千禧一代和Z世代的投资者已经相信他们退休时可能不存在社会保障。

As such, the younger demographics can be pushed toward crypto as an alternative store of value, and Bitcoin, being the biggest cryptocurrency, comes as a first choice.

因此，年轻的人口统计数据可以推向加密货币，这是最大的加密货币，是最大的加密货币。

While there are no direct connections to crypto and the current SSA situation, the ongoing controversy has major political and economic implications.

尽管与加密货币和当前的SSA情况没有直接的联系，但持续的争议具有重大的政治和经济影响。

Depending on the outcome of the SSA, there will be lasting consequences for the millions of US citizens who depend on the agency’s programs for their financial well-being.

根据SSA的结果，将对数百万美国公民造成持久的后果，这些美国公民依靠该机构的财务福祉。