As I watched the recent presidential debate, there were two words conspicuously absent: Social Security. It appears that in the 2024 presidential race, the leading Democratic and Republican candidates have steered clear of addressing the impending challenges of Social Security. This silence leaves…
As I watched the recent presidential debate, there were two words conspicuously absent: Social Security. It appears that in the 2024 presidential race, the leading Democratic and Republican candidates have steered clear of addressing the impending challenges of Social Security. This silence leaves many voters with the impression that if candidates aren’t prioritizing its welfare, then perhaps they need not be concerned, either.
The facts are clear, as is the timeline. Addressing this problem should be a no-brainer. The majority of people recognize this urgency, with a resounding 89% demanding Congress take immediate action to rescue Social Security from insolvency. We need a comprehensive plan capable of averting the impending 2032 catastrophe, restoring financial health to the program, and instilling fairness. I had the privilege of leading a bipartisan working group that crafted a proposal to accomplish this without shifting the burden onto beneficiaries.
With the investment fund in place, we can enact additional measures to ensure fairness and increase work incentives. Among these things are repealing the Windfall Elimination Provision and Government Pension Offset, which unfairly penalize people such as teachers and police officers in my home state of Louisiana, as well as millions more across the nation.
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