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Issue Position: Seniors - Social Security

Issue Position

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Thankfully, reason has won out over scare tactics on Social Security. That's not to say that there are no long term problems we need to plan a solution for, but the program is not going bankrupt anytime soon.

The Center of Budget and Policy Priorities estimates that Social Security will be able to pay 100% benefits until the year 2041 and wil still be able to pay 75% for many more years. And the shortfall in Social Security over the next 75 years is equal to roughly 1/3 of what President Bush's tax cuts cost.

The floor of the House of Representatives under the leadership of Speaker Nancy Pelosi has become a no-fly zone for any bill that threatens the future of Social Security. But this Congress has been the haven for several bills that stand to improve Social Security for the beneficiaries.

* The Social Security Fairness Act of 2007 eliminated a policy that actually deducted the amount of any government pension from the overall Social Security benefits, as well as eliminating the "windfall provision" that reduced or eliminated your benefits if you came into some money.
* The Retirement Security and Education Act is designed to help seniors avoid becoming the victims of fraud in the modern world. It's a sad fact of life that many unscrupulous people prey on the elderly. And this Congress has set out to arm you with the knowledge you need to not become a victim.


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