Social Security
As we can see from the dwindling worker-retiree ratio, falling birthrates, and longer life spans of our seniors, Social Security on its current course is unsustainable and requires Congress to work in a bipartisan fashion to put the program on solid financial footing. Throughout my tenure in Congress, I have worked to build support for proposals that would safeguard benefits for current retirees and those nearing retirement age, while allowing younger men and women the option of saving part of their earnings in personal accounts that they would own, building a nest egg that would, unlike current Social Security, be an asset that their loved ones could inherit. I recognize that Congress has the responsibility and opportunity to strengthen and improve Social Security, and I take my role as the Chairman of the Senate Subcommittee on Social Security and Family Policy very seriously. We must modernize Social Security by providing more equitable treatment for working families, establishing greater poverty protection for widows, reducing the financial burden on our children and grandchildren, improving the rate of return for all beneficiaries, and creating a nest egg for future generations.
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