Rest Assured – Social Security Won’t Go Bankrupt

Much information, often inaccurate, flutters around the internet and social media daily about Social Security, both it’s history and it’s future. Young adults, in particular, are skeptical that Social Security will even be there for them when they retire and, thus, they resent paying into the program via payroll taxes. The fact is, young workers have felt the same way for many decades, probably from Social Security’s beginnings in the late 1930s. Another fact is that Social Security cannot and will not go bankrupt as long as there are Americans working and paying FICA tax. In this interesting AlterNet analysis of Social Security’s financial woes, author and contributor Valerie Terico assures us not only that Social Security cannot go bankrupt, but that the fixes needed are already known. What’s lacking is bipartisan political will to implement them. Click here to read more.

AMAC has been at the forefront trying to strengthen Social Security by developing and proposing its Social Security Guarantee.  AMAC has been discussing and continues to discuss this common-sense solution with Congressional Representatives in its efforts to protect America’s senior citizens who rely on Social Security.  To review AMAC‘s Social Security Guarantee, click here.

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