Two Vacancies on Social Security’s Board of Trustees
Much fanfare was made about Social Security’s ailing financial health with last week’s release of the annual report of The Social Security Board of Trustees. Little noticed but still important are the two vacancies that are supposed to be filled by the general public on that Board. Political controversy has embroiled the public trustee role since the late 2000s, as Dan Caplinger writes in this piece. He notes public trustees helping to oversee Social Security trust funds is in line with the fundamental concept of a government of, by, and for the people. “Current members of the administration face political pressures that can lead to impairments in judgment, favoring short-term patches over longer-term policy decisions. By providing an outsider’s perspective, a public trustee can provide a useful check against misleading or erroneous information coming out in the report.” Read Caplinger’s full analysis of the situation here.