Latest News
Let’s Talk About Real Issues
The debt, entitlements must be addressed by presidential candidates
A couple of weekends ago, the Republican State Committee held a “beauty contest” in Nashua featuring most of the mentioned candidates for president, announced and unannounced….New Jersey Gov. Chris Christie gave a serious, thoughtful and brave speech about reforming Social Security, a subject sometimes known as the “third rail” of American politics. Indeed, some candidates, notably Democrats, scream bloody murder every time anybody talks about reforming it, without examining the proposals seriously. Christie, promising more substantive discussions in the future on other real issues, proposed a higher age for electing Social Security, adjustment to benefits, adjustments to the amount of income to which the Social Security tax applies, and even means-testing Social Security so that future retirees with sufficient income will not receive benefits….Unless voters ask candidates questions about Social Security and other entitlements, balancing the budget and containing the debt, the United States faces an economic crisis in the not-too-distant future that will use up all of the available resources merely to pay interest on the debt. Read more…
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.