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Delaying Social Security reform imperils next generation’s future
This article is an edited transcript of a conversation between David Branaccio and Arun Muralidhar, founder of MCube Investment Technologies, on the dangers of not acting on Social Security reform soon. The two discuss the Social Security Trustees report from June 2018. As a point of reference, The Trustees report noted that the trust funds would be depleted in 2034, and across the board benefit cuts would have to be implemented, absent any reform in the meantime. Muralidhar acknowledges that the Trump Administration has not made Social Security reform a priority, and he advocates tax increases to solve the shortfall in the program “to save future generations from dealing with potential funding fallout.” Read more of their conversation here…
Note, The Association of Mature American Citizens (AMAC) has been actively advocating for a strengthening of Social Security and has developed a bipartisan compromise bill, “The Social Security Guarantee Act.” The proposed legislation takes selected portions of bills introduced by Rep. Sam Johnson (R-TX) and Rep. John Larson (D-CT) and merges them with the Association’s original legislative framework to create the new Act to increase the longevity of Social Security without raising taxes. Learn more about AMAC’s Social Security Guarantee here…
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