Social Security’s biggest risk? Congressional Inaction
Though the need to reform Social Security is in the news a lot lately, the fact is that the problem has been evident for decades and Congress has done nearly nothing to try to resolve the problem. In fact, except for changes to the wage indexing formula in 1989 and increasing the threshold for taxing Social Security benefits to 85% in 1993, virtually no substantive changes to the program have occurred since 1983, This article by Motley Fool’s Sean Williams appears at www.madison.com and discusses how Social Security’s biggest enemy is Congressional inaction. 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.