 were banking on three grand it's going to be that kind of cut for everybody in the system or only for the new people entering the system no every single social security beneficiary that's what i thought 23 percent cut to their benefit if the shortfall is unaddressed eight years from now and so again that is current benefit people who are currently counting on this program people who are near retirement and so people who rely on this program are the ones who support people like biden and trump when they make a promise not to touch social security