The politics of fixing the Social Security financial dilemma
We hear fairly regularly about Social Security’s pending financial dilemma, but what we don’t hear much about is how Congress is going to fix it. That’s because, as with most things on Capitol hill these days, Democrats and Republicans can’t seem to agree on the best way to resolve the issue. Both parties have offered worthy remedies, but neither seems willing to accept all or any part of the other’s offering. The one thing they apparently do agree on is that the method for computing Cost Of Living Adjustments (COLA) needs to be replaced, but then disagree on what to replace it with. As this Nasdaq article by Sean Williams explains, when it comes to Social Security, Democrats and Republicans agree on only one thing.
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 from both parties in its efforts to protect America’s senior citizens who rely on Social Security.
To review the NASDAQ article by Sean Williams, click here.
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