Congress has a duty to preserve the Social Security program for workers and retirees who have played by the rules and paid into Social Security throughout their careers. Congress must also work to make the program sustainable for future generations.
For years, the Social Security trust fund ran surpluses, but unfortunately nothing prevented the government from spending those surpluses on unrelated government programs. According to the most recent report released by the Board of Trustees for the Social Security and Medicare Trust Funds, Social Security’s combined Trust Funds – the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund – will not be able to pay full benefits in 2034, at which point beneficiaries would face a 23 percent benefit cut if action is not taken.
That is completely unacceptable. Congressman Scalise believes that Congress has a responsibility to protect these trust funds from bloated government spending. Congressman Scalise is committed to protecting and strengthening Social Security and ensuring that the program will fulfill its promises to America's seniors while improving the long-term stability of Social Security.
For more information concerning Congressman Scalise's work and views on Social Security issues, please contact his Washington, DC office.