Social Security

For two-thirds of America’s seniors, Social Security is the primary or only source of income during retirement.  The program is also a safety net for workers who become disabled and for families whose sole provider dies prematurely.  For many Americans, Social Security is a rock solid guarantee from the United States that we will not let them fall into poverty if they have paid into the system.  For nearly 70 years, the Social Security program has assured Americans a monthly payment, paid in full and on time.

The Trust Fund that pays for Social Security checks every month currently has a $1.7 trillion surplus, which is projected to grow to a $6.6 trillion surplus in the year 2027.  After that point, the Trust Fund will continue to pay full benefits until 2042, after which point workers’ contributions (“FICA” or “payroll taxes” will still be able to pay 75 percent of promised benefits (which will still be at amounts higher than today’s benefits).

I strongly oppose proposals to privatize Social Security, and I am firmly committed to protecting the retirement security of beneficiaries, who paid into the system during their lifetime and now rightfully expect and depend on Social Security benefits for their well-being.  Whatever changes to Social Security might be adopted in the future to ensure its long-term viability, we must make certain that the system continues to provide a dependable source of income that seniors can rely on in their retirement.

Two generations of seniors have depended on Social Security.  For many low-income seniors in El Paso and across America, these programs are their only safety net.  To jeopardize that safety net would be unconscionable.  I will continue to fight for a strong Social Security programs for America's retirees.