Fixing Social Security–CBO Looks at the Options
Moneywatch reporter Steve Vernon examines the results of the Congressional Budget Office’s analysis of potential steps under consideration to address the looming Social Security Trust Fund shortfall in an article posted today on www.cbsnews.com. As he points out, the likely path any sort of fix will take will be a combination of revenue enhancements and benefit constraints, including such measures as increasing the full retirement age and curbing future cost-of-living adjustments for beneficiaries and a host of other tweaks.
And while we’re on the subject of Social Security reform, it’s important to note that AMAC’s founder, Dan Weber, has been in the forefront of the fight to address the problems facing America’s Social Security program. As an action-oriented association, AMAC is resolved to do its part to call for action on this very serious problem. In fact, AMAC has developed a simple, actuarially sound solution that has been advanced to Capitol Hill. AMAC representatives have been resolute in their mission to get the attention of lawmakers in Washington, meeting with many, many congressional offices and their legislative staffs over the past several years. The Association is gaining ground every day, and you can help–support AMAC in this fight by joining the “AMAC Army” and contacting your congressional representative to add your voice!
Read Steve Vernon’s article here, and visit the Association’s website at www.AMAC.us to learn more about AMACs proposed solution and to obtain a copy of a free booklet outlining the steps that need to be taken to resolve this very serious problem.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.