Social Security Reform: Back on the Table? - Roll Call

Social Security reform is, as many Americans know, something Congress must address soon to prevent an across-the-board cut in benefits for all recipients in slightly more than a decade. The latest forecast from the Congressional Budget Office is that Social Security’s Trust Fund will be fully depleted in 2033, requiring a benefit cut for everyone – unless Congress acts first to prevent that from happening. As most pundits also know, bipartisan cooperation in Congress is the only way Social Security reform will actually happen, and that certainly seems to be lacking in all past Congressional attempts at reform. However, with the 2022 mid-term elections on the horizon, this article by Peter Cohn appearing at capitol hill’s Roll Call publication postulates that the post-election political climate could very well lead to serious progress on reforming Social Security. Click here to read the Roll Call article about possible Social Security reform.

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 reviewAMAC’s Social Security Guarantee, click here.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or

Comments On This Topic

  1. That’s BS,1 cut congress,house,senate, foreign giveaways,1mill in bank cut off ssn,invest mkt inside trade funds like congress,…stop lying to people with bs so they can believe this bs,you leave a billion dollars of US equipment in Afghanistan, but destroy person 1k taxes owed!!!Lying HIPPOCRATES!!!

    • Paul,
      There’s little question that Congress (and the Administration) should seek ways to cut government spending, and especially avoid wasting taxpayer money, such as leaving billions of dollars of military equipment in Afghanistan, among many others. But the posted article refers to the Social Security program, which is held entirely financially separate from the general U.S. treasury and is managed independent of other government spending programs. By law, Social Security income can be spent only for Social Security purposes, but SS income is now less than needed to pay full benefits and the shortfall is made up from the Trust Fund which has accumulated about $2.9 trillion in reserves. Those reserves are predicted to be exhausted in about 2034 unless Congress reforms the SS program to avoid that, and that is the gist of the article you reacted to. All of the other government spending you refer to does not affect Social Security finances, one way or the other.
      This is not meant to minimize or ease your concerns about government spending and waste, but I hope it clarifies where Social Security fits as far as government spending is concerned.
      Russell Gloor
      National Social Security Advisor
      The AMAC Foundation

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers