Preserving Social Security
Yet, over the years the federal government has raided the Social Security Trust Fund and used it as a piggy bank for all sorts of things unrelated to Americans’ retirement. As a result, the Social Security Program is now on a path leading to insolvency. Without action, Social Security may not be there for our children and grandchildren.
Current retirees and workers in their forties, fifties and sixties will receive 100% of promised benefits. However, reforms are needed to preserve the system for future generations.
We can do this. In 1981 President Reagan and Speaker “Tip” O’Neill came to a bipartisan solution that involved acceptable changes for younger workers that strengthened the Social Security system. A similar effort geared toward workers in their twenties and thirties must take place today, and I am committed to helping this conversation move forward.