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View Diary: Protecting Social Security from Inaccurate Accounting with an Agenda (44 comments)

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  •  a part of the answer I rec from Rep. rep (11+ / 0-)

    last week, the only one who responded to my emails, as I am still waiting to hear from Bill Nelson and Marco Rubio both of whom must have given all of their staff time off, and closed down their offices.

    Broadly speaking, Social Security must remain fiscally solvent. However, Social Security has been operating at a deficit of over $40 billion a year since 2010. Unless Social Security is modernized and strengthened, these deficits may cause the annual cost-of-living adjustments to shrink or disappear entirely in the future. I strongly believe that we must make serious fiscal reforms to ensure our financial stability while still ensuring that we uphold the commitments we have made to our seniors. I am absolutely opposed to legislation that will cut Social Security for seniors in order to pay for overseas operations, health care for others or any other program. Any cuts to Social Security will be especially difficult for those seniors on fixed incomes who depend upon Social Security payments.

     The economy is another factor that impacts Social Security. Because Social Security is funded by taxes from an individual's paycheck, one way to bring about fiscal solvency to Social Security is to improve the tax base. To do this, we need a vibrant economy that allows Americans to get back to work. Burdensome regulations and outdated fiscal policies are holding back America's job creators and are keeping unemployment rates unacceptably high. With the national unemployment rate hovering at eight percent and budget deficits coming in at record highs, the American people are rightly concerned about the direction of our country. Washington must get out of the way of the forces behind economic growth and job creation in America if we want to continue to see our country at the forefront of the global marketplace. You can be assured that I will continue to work with my colleagues to ensure that Social Security is available for current seniors and generations to come.

    Finally, please know that I oppose the automatic cost-of-living adjustment (COLA), or pay raise, for members of Congress.

    "Who are these men who really run this land? And why do they run it with such a thoughtless hand?" David Crosby

    by allenjo on Wed Mar 27, 2013 at 12:52:09 PM PDT

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