Latest News

25% Social Security Cut Possible, Senate Warned

Social Security benefits could be cut by 25 percent if Congress does not act soon, Social Security Administration Chief Actuary Stephen Goss warned a Senate panel Wednesday. “Changes are needed soon to avert trust fund reserve depletion and an abrupt reduction in the level of benefits,” Goss said in prepared remarks to the Senate Finance Committee. He noted trust fund reserves for disability Insurance are expected to be at zero by late 2016…Read More


Notice: The “Read more…” link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc. or

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers