The Missing Timeline for Resolving the Social Security Solvency Dilemma
Forbes and Next Avenue contributor Chris Farrell, recapping the sentiments of Nobel laureate and MIT economist Peter Diamond, suggests that it will take an “imminent deadline” spur legislative action on the program’s looming insolvency issue. Farrell’s article reflects on the 1982-83 Greenspan Commission and the “fixes” that were enacted at that point, contrasting these measures to what has happened within the U.S. economy since that point. Closing with an observance that “that most Americans want to keep Social Security intact,” he cites the importance of taking action to assure the long-term solvency of Social Security. Read his post here…
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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