Will Social Security Become Insolvent? An Opinion
If you pay even moderate attention to the news, you cannot have missed recent headlines trumpeting the impending insolvency of Social Security. If so, try to remember that news headlines “scream” to get your attention, and the narratives underneath may be somewhat slanted to match the attention-getting headline. Such is true in most stories about the most recent report from the Trustees of Social Security, which forecasted that the reserves in the Trust Fund are sufficient to pay full benefits only until 2034. What’s usually not told is that the Trustees have been reporting the same approximate insolvency date for many years, and that benefit cuts will only occur if Congress does nothing to fix the problem. In this article appearing in Watertown Public Opinion by columnist Rick Kahler, the author offers a bit of sanity among all the gloom and doom headlines about Social Security’s finances. 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.