Fixing Social Security–A Contrast in Approaches
It’s fairly common knowledge these days that Social Security is steadily moving toward a problem. That problem involves the program’s long-term solvency, and specifically the projected depletion of the trust fund reserves that will begin compensating for the shortfall in incoming cash around the year 2021. Both sides of the congressional aisle recognize the need for attention to the problem, but appear to have significantly different viewpoints on the solution. The Motley Fool’s Sean Williams summarizes these viewpoints in an article posted on www.fool.com. Read his article here…
The Association of Mature American Citizens (AMAC) has likewise recognized the problem and, in fact, has been aggressively promoting a solution that can solve the problem without necessitating a tax increase. Just recently, AMAC intensified its efforts via a compromise solution that takes portions of bills proposed by Rep. Sam Johnson (R-TX) and Rep. John Larson (D-CT) and merges them with AMAC’s original Social Security Guarantee legislative framework. The compromise bill is titled “The Social Security Guarantee Act of 2017.” Learn more about AMAC’s proposed solution at AMAC.us/social-security.
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