Today the Social Security trustees released the annual report on their new projections when Social Security runs short of money to pay benefits. Because of the economic growth, because of the good economy with more jobs and higher incomes, they are now projecting that we are going to have an extra year or so before Social Security has less tax revenue coming in than is required to pay benefits. We still have a very, very serious problem. I urge my colleagues in the House and the Senate, I urge the President not to use this as an excuse to delay and put off and not deal with the serious problems of Social Security. The current good economy is an opportunity to move ahead with long term solutions giving more flexibility for transition. Social Security is one of the important problems that is facing us right now with an unfunded liability of over $3 trillion. Let us move ahead aggressively with a solution and really put Social Security first.
Editor's note · Context
Discussing the annual Social Security report and urging action on its funding issues.
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