There is absolutely no good reason for politicians (mostly conservative-Republicans) to scare our senior citizens by threatening to cut their Social Security retirement benefits. There is no so-called “crisis.”
Virtually every serious, non biased study has concluded that the Social Security Trust Fund is fully solvent through 2034. After that, it will be able to provide 76 percent-79 percent of benefits for the next 60 years beyond 2034.
Does it need to be fixed? Of course it does. But it does not have to be done today, and there is no need to cut anyone’s benefit.
One of the many relatively simple and easy “reforms” that can be made was proposed by Republican Presidential candidate and New Jersey Governor Chris Christie in 2015. I literally sat in the same car as 1987 Democrat Presidential candidate and Arizona Governor Bruce Babbitt when he said that what we should do is to “Means-Test” Social Security benefits.
For example, we can make Social Security fully solvent well beyond 2034 by reducing the benefits of those who have a yearly income of, say, $80,000 a year and higher by a certain percentage. I can still recall Gov. Babbitt saying to me, “Stew, do multi-millionaires really need the same exact Social Security benefits as senior citizens who are living in poverty?”
Something that might happen in 14 years that is easily preventable and solved is not a so-called “crisis,” and all of our senators and representatives know it.
It is so unnecessary and cruel for our senior citizens to be scared like this.
Stewart B. Epstein
Rochester, N.Y.
