United Senior Action Position: Social Security can and must be preserved.
The basic purpose of (Social Security Insurance) SSI is to assure a minimum level of income to people who are aged, blind, or disabled and who have limited income and resources. United Senior Action believes that we must continue this social insurance program and urges our elected officials to work together to identify the most efficient and effective way to do this without harming our most vunerable citizens.
On this issues page we will share information from government and other sources about the options for sustaining the social security insurance program. Go to our Social Secuirty Resources page to learn where other organizations stand on this issue.
Future of Social Security
In July 2010 the Congressional Budget Office (CBO) wrote a policy discussion of the future of social security. It began "Social Security is the federal government's largest single program, and as the U.S. population grows older in the coming decades, its cost is projected to increase more rapidly than its revenues. As a result, under current law, resources dedicated to the programs will become insufficient to pay full benefits in 2039.
To read a summary of the report or the full document...