The Stumbling Blocks to Social Security Reform - GoBankingRates
If you’ve paid attention to the news at all, you know that Social Security’s Trustees recently released their annual report, with some good news peeking out from a wagonload of bad news. The good news? Current projections are that the Trust Fund reserves gained a year before full depletion, now estimated to be in 2035 instead of 2034 as forecasted last year. The bad news? That full depletion “doomsday” is only a bit more than a decade away. All of which means that Congress must get moving soon to reform Social Security because the longer they wait, the harder the problem is to resolve. Not that Congress has totally ignored the issue because both sides have floated their reform ideas, but all current proposals are far from bipartisan, which spells no chance being enacted. This GoBankingRates article by David Nadelle explores the current Social Security financial situation and the ideas from both sides of the aisle to resolve the issue. 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 reviewAMAC’s Social Security Guarantee, click here.