STRAIGHT TALK WITH SAM
Volume 5, Issue 18
Social Security Needs Long-Term Solution
May 2, 2005
I've had an opportunity to talk with many Missourians about Social Security. I've come to the conclusion that we all want the same thing; we want Social Security to be there for us and our children when we need it. The facts are that in 2017 the program will begin to pay out more than it takes in. By 2041 the system will be completely broke.
I believe that we have a window of opportunity to discuss ways of making Social Security more solvent. Missouri common sense tells us that it is easier to make a gradual correction now rather than waiting until the last minute to try and avoid disaster. I will continue to look at different ideas that might strengthen Social Security.
In any final plan though, I will insist that there are no changes for those who are already in retirement or are near it. We have made a promise to our senior citizens and it is one I intend to keep. I don't believe we should reduce seniors' benefits or raise the taxes on them.
In the coming months, I hope that Congress will move forward in a bi-partisan fashion to save Social Security. Ronald Reagan said that it was amazing how much you could accomplish if you don't care who gets the credit. I think that if Congress works together we can find a way to strengthen Social Security while protecting the benefits of those who are already in or near retirement.