Here is the latest from our reprehensible politicians. Where have the members of the ExpandSocialSecurity Caucus been during the last two decades while the Trustees have been urging action to keep Social Security fully solvent for at least the 75–year actuarial period?
This is an excellent example of political pandering, not for the benefit of Americans, but for political gain. It is also an example of playing the American people for fools. Talking about expanding benefits for Social Security now is like increasing the benefits of a pension plan that is severely underfunded. Instead of making the hard decisions to make the program sustainable, decisions that should have been made years ago, the fix is now presented as added benefits.
Look at the screen shots below from the 2000 Social Security Trustees Report. These recommendations and those contained in each subsequent annual report have been ignored by Congress since then. Ignored by some of the people now part of this new caucus.
Keep in mind, fixing and expanding Social Security is going to cost money and the more you expand the more it costs. The longer we wait to make it solvent, the more it costs.
Arm yourself with the facts. Click here and read the Trustee Reports for yourself.