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Social Security In October of 2007, a crucial milestone for our nation’s economy occurred as a New Jersey woman applied for her Social Security benefits. She was generally considered to be the first Baby Boomer and her eligibility for Social Security symbolized the beginning of an unprecedented surge of entitlement spending that threatens to overwhelm our nation’s financial system. Over the next twenty years, some 80 million Americans born after World War II will apply for retirement benefits, creating numerous challenges for the Social Security Commission and our national budget. Social Security, Medicare and other entitlement programs need to be reformed and protected, not abused and exploited. I believe Social Security is a contract with ourselves and we must keep the promises that have been made. We cannot let Social Security go bankrupt. In this decisive time, we need strong leadership that will promote fiscal responsibility so that we can ensure these programs will be viable for future generations of Americans. Social Security is sound for today’s seniors and for those nearing retirement, but it needs to be fixed for younger Americans – our children and grandchildren. The government has made promises it cannot afford to pay for with the current pay-as-you-go system. I support the establishment of personal retirement accounts so that our children and grandchildren can have a Social Security system that is solvent and secure. We must act soon, because every year that we wait to fix this problem we will burden future generations with billions of dollars in debt. The Social Security system as it is now cannot be sustained and it is vitally important that we all work together to come up with a solution that will reform the system, not just put another band-aid over it. Related Documents:
Press Release
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Medicare Deadline Approaches
5.4.2006
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