Congressman Mike Michaud

FEATURES

Securing Social Security
Retirement income needs to be safeguarded, it needs to be free from market fluctuations, and it needs to be guaranteed. The essential promises of Social Security need to be an ironclad guarantee.

In order to provide such a guarantee, I have authored a constitutional amendment that preserves Social Security for generations to come. My amendment guarantees that there will always be Social Security, that the benefits promised will keep pace with the cost of living, and that they will never be reduced.

The amendment would also prevent the privatization of the Social Security system, while ensuring that money put into the system stays there and is not subject to more government raids.

The Congress has made "promises" before. We have heard of lockboxes, firewalls, and certificates. These "promises" have all been broken. While I believe it is a rare issue that requires new constitutional protection, this is one-and this is the only way that Americans will know for sure that Social Security will be there, and that their benefits are secure. Again, the promise of a benefit needs to be changed to a guarantee. This can only be done if Congress passes a constitutional amendment to preserve Social Security.

My determination to protect Social Security for our children and grandchildren led me to the introduction of this measure. Social Security is promise that should be kept.

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6/27/2005 1:40:03 PM