It is no wonder that young people don't believe they will ever receive benefits.
Henry Johnson
The Public Record
The best thing that we can do if we do really care about Social Security... is to make sure we don't undermine the ability of the Social Security Administration.
We have challenges policy-wise to Social Security that are long term. Today we face operating budget deficits in the billions, but Social Security has a surplus in the trillions.
What would happen to that population of women, who are going to continue to outlive men, if we were to cut benefits by, say, doing the chained CPI?
Social Security is facing the biggest challenge since 1983, and the longer we wait the harder it is going to be to fix.
It will be there for them if we actually make a commitment as a Congress to protect Social Security benefits.
Social Security? With $2.8 trillion in reserves? Is that a crisis today? No, I would call a federal budget operating deficit in the hundreds of billions as something that we have to tackle today.
It is growing in the number of people that it has to serve. Yet its budget is smaller today than it was 4 years ago.





