Bisignano: $250 Per Kid; Trust Fund Dry 2032

Frank Bisignano, Social Security commissioner and IRS CEO, is pledging $250 from his family fund for each child aged 2 to 8 in his Brooklyn ZIP code, per the Washington Examiner. He's the first senior administration official known to pledge toward Trump Accounts. CBS News reports the main trust fund runs dry in late 2032, after which benefits face a cut of more than 20%. The Hill wants companies to contribute equity, and I've seen smarter ideas come out of a cow stuck in a gate. Democrat Troy Jackson wants to eliminate the payroll tax income cap so hard workers can retire with dignity. I'd just like to know who's writing the check. If this is the plan, I'd hate to see the panic.

“Trump Accounts are transformational savings vehicles that will provide the next generation”Frank Bisignano, via Washington Examiner

“People who work hard their entire lives should be able to retire with dignity”Troy Jackson, via CBS News