Social Security Serves Those Who Serve Our Nation
Nancy Altman, writing in Forbes, explains how the Social Security program is important to military veterans, mainly through the Disability portion of the program (SSDI). More than 600,000 veterans, many of whom were seriously injured in combat, receive Social Security disability benefits. Altman finishes her piece by endorsing The Social Security 2100 Act, which is making its way through the House. She notes the bill extends the solvency of the program through 2100, though other experts have found that not to be the case. Currently Social Security is only solvent through 2035 without reform, and benefit cuts of up to 23% will occur across the board in that year if not before. Read Altman’s full piece here.
The Association of Mature American Citizens (AMAC) believes Social Security must be preserved and modernized. This can be achieved by making modest changes in cost of living adjustments and the retirement age, with no additional taxes on workers. AMAC advocates for a bipartisan compromise, “The Social Security Guarantee Act,” taking selected portions of bills introduced by former Rep. Johnson (R-TX) and current Rep. Larson (D-CT) and merging them with the Association’s own well researched ideas. One component is Social Security PLUS, a new, voluntary plan that would allow all earners to have more income available at retirement. This component is intended to appeal especially to younger workers. AMAC is resolute in its mission that Social Security be preserved and modernized and has gotten the attention of lawmakers in DC, meeting with a great many congressional offices and their staffs over the past several years. Read AMAC’s plan here.