I rise today in support of S. 1560, which would make the Social Security Administration an independent agency. I believe this legislation elevates this important Federal agency to its proper status and acknowledges the importance of the Social Security Program to the working people of this country. Social Security is one of the most successful Federal programs ever enacted. It touches the lives of virtually every American. As many as 42 million people currently receive benefits, and millions more are paying into the system so that they will receive benefits when they retire or if they become disabled. Social Security has helped to significantly enhance the financial status of people in their retirement years or when they can no longer work. For these reasons, the program enjoys tremendous public support. But there is also concern about the future of the program. Changing demographic conditions, including the impending retirement of the huge baby boom generation starting in the next decade, threatens to put strains on the system.
Editor's note · Context
Supporting legislation to make the Social Security Administration an independent agency.
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