AMAC ‘Lights a Fire’ in Congress to Deal with Social Security Issues
‘On its current financial track, Social Security is not sustainable’
WASHINGTON, DC, Mar 6 – Lawmakers joined with the Association of Mature American Citizens this week at a Social Security Working Group meeting intended “to light a fire” in Congress on the issue, according to association president Dan Weber.
“On its current financial track, Social Security is not sustainable and AMAC members recognize that Congressional action is needed to protect this benefit for current seniors and future generations of Americans. This working group demonstrates a commitment by AMAC, many Members of Congress and policy professionals to finding a better path forward through responsible, commonsense legislation,” Weber said.
AMAC sponsored the session as part of its continuing effort to guarantee the future of Social Security for generations to come.
Rep. Diane Black [R-TN] was on hand for the session. She pointed out that the fix in which Social Security is in “is not a manufactured crisis. The numbers don’t lie. It becomes extremely unlikely that Congress will ever be able to balance the payments if something isn’t done now.” She offered support for timely action in resolving issues, noting that one of the things we have already done is to pass a rule that says you cannot simply move money from the OASI fund to disability insurance.
Congresswoman Black’s colleague from Tennessee, Rep. Marsha Blackburn, offered up a few alarming numbers. She said that the Social Security fund is currently borrowing 33 cents of every dollar in outlays and that since 2010 it has been paying out more in benefits than in the taxes it collects.
Representative Blackburn’s bill, the “Savings for Seniors Act,” is a contribution to a comprehensive solution, she said. The measure would force Congress to stop spending Social Security money on non-Social Security programs. Under her legislation, if Social Security funds are not paying recipients, the money would go into an off-budget account where it would remain until Congress approves suitable investment vehicles other than the obligations of the U.S. government.
Also participating in the meeting were Jim Renacci (R-OH), Tom Reed (R-NY), Mike Kelly (R-OH), Frank Guinta (R-NH), and Keith Rothfus (R-PA).
Weber said that the Working Group meeting this week was part of an ongoing effort to make sure the AMAC Social Security Guarantee message is getting across in Congress. “We’ll continue to have frequent one-on-one meetings with lawmakers and to sponsor additional Group meetings until we make it the law of the land.”
NOTE TO EDITORS: Dan Weber is available for telephone interviews on this issue. Editors/reporters may contact John Grimaldi at 917-846-8485 or jpgrimaldi@verizon.net to set up a call.
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The Association of Mature American Citizens [http://www.amac.us] is a vibrant, vital and conservative alternative to those organizations, such as AARP, that dominate the choices for mature Americans who want a say in the future of the nation. Where those other organizations may boast of their power to set the agendas for their memberships, AMAC takes its marching orders from its members. We act and speak on their behalf, protecting their interests, and offering a conservative insight on how to best solve the problems they face today. Live long and make a difference by joining us today at http://amac.us/join-amac.