Another Call for Attention to the Social Security Solvency Problem - Mid Desert Islander
There have been many, and here’s yet another one calling for Congress to give serious attention to correcting the longstanding solvency crisis ahead for Social Security. This most recent expression of concern, from the Mid Desert Islander (Maine), echoes what many have been trumpeting for years…the time to act is now, before it gets too late and the consequences become to dire to achieve a palatable solution. In their post, the editorial staff at Mid Desert Islander succinctly recap the problem and many of the “fixes” offered through the years, and offer a suggestion consistent with many previous articles on the subject: “A multi-pronged approach, including raising the taxable threshold, adjusting benefits and gradually increasing the minimum age to receive full benefits, seems sensible.” For a complete review of this editorial piece, click here…
With the solvency problem looming closer with each passing month, it’s clear that Washington needs to focus attention on the problem sooner than later. The closer we come to the brink of insolvency, the more severe the corrective measures will need to be. The Association of Mature American Citizens (AMAC) has been sounding the alarm for some time, and has aggressively advocated for preservation and modernization of Social Security via a bipartisan approach that calls for no tax increases, ensures the targeting of benefits where needed the most, and provides an avenue for all workers to accumulate financial reserves for retirement. Learn more about AMAC’s proposal at AMAC.us/Social-Security.