Headlines
History Suggests Social Security Insolvency Is Coming Sooner Than Projected
This year’s Social Security trustees report was released with little fanfare, as the projected date of Social Security’s financial insolvency held steady at 2033.[1] Many analysts and lawmakers have pointed to 20 years of alleged solvency as an excuse to…
Good News on the Budget Deficit?
If you’re a big spender, there’s good news in Washington. The deficit is down. The budget crisis is over. So Uncle Sam can go back to his wastrel ways! Indeed, the usual suspects insist, it’s time to spend more. The…
Social Security Implications: Senate Passes Historic Border Security Plan
WASHINGTON – The U.S. Senate voted Monday 66-25 to approve an amendment that will funnel another $30 billion to border enforcement, place several obstacles along the path to legalization, prohibit the Social Security Administration from counting taxes paid by unauthorized…
Special Report - Senate Special Committee on Aging Re Transition to Paperless Statements
Last week, the Senate Special Committee on Aging revisited an important topic concerning the Social Security Administration’s (SSA) transition from paper Social Security payment statements to electronic payment statements. AMAC has been closely monitoring developments related to the payment shift…
Does Social Security add to the deficit?
When the subject of deficit reduction heats up, proposals to cut Social Security are never far behind. But does the Social Security System add to the federal deficit? According to Sen. Tammy Baldwin and Rep. Mark Pocan, both Wisconsin Democrats,…
Boomers – Will They Shun Retirement?
Boomers don’t speak with one voice when it comes to retirement. Although about four in 10 admit that they can’t wait to retire, just as many say they won’t ever want to stop working. Even more expect to work in…
Two Social Security Reforms That Seniors Strongly Support
Seniors are closely following the debate over Social Security, and a new survey indicates strong support for two major changes that could restore Social Security’s long-term solvency. The survey, conducted by The Senior Citizens League (TSCL), one of the nation’s…
The Growth in the Social Security Disability Insurance Rolls
The share of the U.S. population receiving Social Security Disability Insurance (DI) benefits has risen rapidly over the past two decades, from 2.2 percent of adults age 25 to 64 in 1985 to 4.1 percent in 2005. While the share…
Can Distressed Social Security be Fixed?
At times, the rancorous debate over what to do about the looming Social Security funding gap seems like an argument among doctors about how to save a dying patient. One side insists that major surgery (cutting benefits) is the only…
Social Security Needs to Prepare for Aging Americans
Social Security is written about almost exclusively in terms of its financial health. Last week, for example, the trustees for Social Security reported that without legislative changes, the program’s financial reserves would be exhausted by 2033, and it would thereafter…