Press Office

Home   /   Issues / Page

Strengthening Social Security

Patrick McHenry believes that every older and middle-aged American must receive the Social Security benefits to which they are entitled.  Congressman McHenry has never voted for a cut in benefits and never voted to raise the retirement age.

Social Security has served Americans well for generations, and we must take proper steps to ensure that the program remains solvent for future generations. But the program was designed in 1935, is broken, and unless Congress acts Social Security will be in serious trouble. In the 1950s, there were 16 workers supporting every retiree on Social Security. Currently, there are only 3.3 workers per retiree, and when the baby boomers retire, there will be only two workers supporting every Social Security recipient.

As the program currently exists, it will go completely bankrupt in 2041 – the year Congressman McHenry is eligible to collect benefits! The Congressman believes in transforming and modernizing the Social Security system – as many industrialized countries have done – to allow younger workers to control a portion of their Social Security taxes into a nest egg that they can pass on to their children and grandchildren. Just like federal workers invest their pensions into safe market options, younger workers should be able to do the same. This will keep the system solvent for decades to come. Social Security Calculator

Related Documents:

Press Release - Congressman McHenry to Host First Ever Interactive ‘Virtual Townhall’ 7.25.2007

Press Release - Public Policy by the Numbers – Democrats, 26 : Americans, 0 5.16.2007

Speeches and Floor Statements - McHenry Delivers Speech Against Democrat Plan to Raise Taxes 5.17.2005

More Documents...

Related Files:

  District Office: P.O. Box 1830, 87 4th St. NW Suite A, Hickory, NC 28603 Telephone: 828.327.6100 Fax: 828.327.8311
DC Office: 224 Cannon House Office Building, Washington, D.C. 20515 Telephone: 202.225.2576 Fax: 202.225.0316