(Daily Signal)—The White House plans to introduce another rescissions package soon that will include cuts to education funding, sources familiar with the matter tell The Daily Signal.
Reforming the education system has been a bedrock of the second Trump administration. President Donald Trump signed an executive order in March authorizing Secretary Linda McMahon to do everything in her power to dismantle the Department of Education. The department has laid off 1,300 career employees.
It is unclear what the rescissions package will cut from previously approved education spending. The bill will also include cuts besides education.
White House deputy chief of staff James Blair told reporters on Friday the next rescissions package can be expected “soon.”
“We’ve got a number of items we’re looking at also, obviously talking to the senators too,” Blair said. “They’re going through the appropriations process. We don’t know what’s important to them, but you know, you’ll obviously see that very soon.”
The rarely used rescissions process is a way to reduce federal spending.
Congress passed Trump’s first rescissions package at the end of last week, which cut $9.4 billion in funding for public radio stations NPR and PBS as well as for the U.S. Agency for International Development. This marked the first time in decades that Congress has approved a president’s request to rescind previously authorized funding.
Trump has also signed executive orders prohibiting gender ideology and critical race theory instruction at publicly-funded educational institutions.
The Biggest Threat to Your Retirement Is Actually a Very Good Thing
When you look at the headlines today, you’ll see experts in the retirement industry warning about big threats to your financial security:
- De-dollarization and the rise of BRICS
- Soaring national debt
- Unstable interest rates
- Weakened U.S. dollar
All of these are real concerns. But they aren’t the biggest threat to your retirement savings. The true risk isn’t political, monetary, or global.
It’s longevity.
Why Longevity Is the Silent Threat
For most of human history, the problem was the opposite — life expectancy was short, and few people even reached retirement. Today, thanks to medical advancements, healthier lifestyles, and better living conditions, people are living longer than ever before.
And while that’s a wonderful thing, it comes with a financial catch: Your retirement account has to last far longer than you might expect.
- A 65-year-old couple today has a 50% chance that one of them will live to 90.
- Some projections suggest that many of us will live well into our 90s, even 100+.
- This means your nest egg may need to stretch not for 15 years, but 25, 30, or even 40 years.
That’s where the real danger lies: running out of money before you run out of life.
The Retirement Equation Has Changed
While market volatility, debt crises, or central bank policies may feel like the scariest threats, they’re temporary storms. Longevity, however, is a structural shift. Every extra year of life is another year of expenses, another year of inflation erosion, and another year of financial pressure.
If your retirement plan doesn’t account for longevity, you could face tough choices later in life — downsizing, working when you’d rather not, or becoming financially dependent on others.
How to Take Control
The good news? Longevity is a blessing — as long as you’re prepared for it. With the right planning, your retirement savings can work for you instead of against you. The key is learning how to protect your wealth, outpace inflation, and ensure your savings grow even as you live longer.
That’s why our friends at Augusta Precious Metals created a free resource to help you get started:
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This brief report will show you practical strategies to safeguard your retirement from the biggest threat of all — the one that comes from the gift of living longer.
Don’t let longevity catch you unprepared. Take the steps today to secure tomorrow.
