Social Security: No Longer a Political “Untouchable”
With the public’s attention to Social Security’s financial woes ratcheted up again with the most recent Trustees Report noting that we’re one year closer to calamity in the form of a forced benefits cut, it seems logical that the campaign rhetoric in the run-up to the 2020 presidential election would focus on reforming the program. It’s also reasonable to expect a groundswell of voter interest to emerge as the candidates carve out their positions on issues of importance to those who will hit the voter booths next year. What was once an untouchable area for politicians is likely to shift to being unavoidable as the potential financial crisis facing Social Security becomes clearer to the voting public.
And yet, the first rounds of Democratic debates last week chose to essentially ignore Social Security and the problems it faces. With more than 60 million Americans relying on Social Security benefits for at least part of their livelihood in retirement, pretending the problem doesn’t exist will likely not continue. Several proposals are on the drawing board to address the solvency issue, and the Association of Mature American Citizens (AMAC) has been at the forefront trying to strengthen Social Security without a tax increase 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.
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.