Vitter Discusses Economy and Social Security Reform in Virtual Town Hall
Social Security
Social Security is a major source of retirement income for one in six Louisiana residents and millions of Americans. Unfortunately, the program has promised $7.7 trillion more in benefits than what it will take it from payroll taxes which causes the program to go bankrupt within the decade. Fixing Social Security will not be easy but gradual changes must be made to the program in order to make good on the promises made to millions of seniors.
I have supported strong measures to help achieve these goals, including:
Repealing the Social Security Earnings Limit so seniors who work aren't penalized.
Introducing Lock Box legislation to make sure Washington politicians can't raid the Social Security Trust Fund to pay for other unrelated programs, including $521 billion of Social Security payroll taxes used to pay for Obamacare.
Enacting real Social Security cost-of-living adjustments that actually keep up with increasing costs for food, prescription drugs, and energy.
U.S. Senate Finance Committee
U.S. Senate Budget Committee
President's Commission to Strengthen Social Security
Social Security Administration
Latest
-
-
Vitter Reiterates Need for Spending Cuts, Calls for Full Faith and Credit Act
(Washington, D.C.) - U.S. Sen. David Vitter today urged his colleagues to focus on reducing excessive spending and consider legislation like he supported last Congress with U.S. Sen. Pat Toomey (R-Pa.), the Full Faith and Credit Act. The legislation, of which Vitter was an original co-sponsor, would have ensured that the U.S. government does not default on its debt by requiring the Treasury to prioritize payments on the debt in case the debt ceiling is not raised.
Read More
Vitter Reiterates Need for Spending Cuts, Calls for Full Faith and Credit Act
(Washington, D.C.) - U.S. Sen. David Vitter today urged his colleagues to slash spending and pass legislation introduced by U.S. Sen. Pat Toomey (R-Pa.) and Jim DeMint (R-SC), the Full Faith and Credit Act. The legislation, of which Vitter is an original co-sponsor, would ensure that the U.S. government does not default on its debt by requiring the Treasury to prioritize payments on the debt in case the debt ceiling is not raised. Treasury Secretary Timothy Geithner announced today that the federal government had met its statutory borrowing limit.
Read More
Vitter Introduces Full Faith and Credit Act on Behalf of Sen. Toomey
Read More
Vitter Works to Protect Social Security During Debt Limit Debate
(Washington, D.C.) - U.S. Sen. David Vitter recently introduced legislation that would require that if the U.S. reaches its debt limit, Social Security benefits for seniors and debt commitments will be the top priorities to be paid before paying any other obligations. The Senate is expected to begin debate on raising the debt ceiling in the coming weeks. Vitter is a proponent of a larger systematic change such as a balanced budget amendment.
Read More
Vitter Sworn in for Second Term as Louisiana’s U.S. Senator
(Washington, D.C.) - U.S. Sen. David Vitter today was sworn in by Vice President Joe Biden for his second term as Louisiana’s U.S. Senator. Vitter took the oath of office shortly after noon (view video here).
Read More
“Wendy and I are honored to be chosen by the people of Louisiana to continue to serve and fight for them in Washington. And I’m particularly excited about the new makeup here in Congress, with many more colleagues committed to an agenda of mainstream conservative reforms,” said Vitter. “I’ll continue to keep my focus on important Louisiana needs like restoring our coast and ending the job-killing de facto moratorium, while also advocating for major national priorities like fiscal responsibility and repealing Obamacare.”
Vitter Reintroduces His Social Security “Lock Box” Legislation for 111th Congress
(Washington, D.C.) - U.S. Sen. David Vitter recently reintroduced his bill to protect and strengthen the Social Security trust fund, The Social Security Lock Box Act.
Read More
Vitter Introduces Social Security Protection Bill
(Washington, D.C.) - U.S. Sen. David Vitter today introduced a bill that would prohibit aliens and their spouses and dependents from claiming social security credit for work performed while in the United States illegally.
Read More
