Social Security Reform

Since its creation in 1935, Social Security has provided essential and guaranteed income to America's seniors.  Many older Americans depend on Social Security benefits to meet the costs of the necessities of life, and the system simply cannot be allowed to become insolvent.  As such, we must find a way to make the program sustainable for future generations without undermining our obligation to current seniors who have paid into the system throughout their lives.

I have long thought that we should consider long-term reforms to the Social Security program in order to maintain our commitment to current and future retirees.  When Social Security was created, there were about forty workers paying Social Security taxes for every person receiving benefits.  Today, there are less than three workers for every beneficiary. Furthermore, Social Security was created at a time when the average life expectancy was 61.7 years.  The average life expectancy today is approaching 80 years. These changing demographics and conditions have created a situation where the Social Security benefits distributed currently exceeds the Social Security payroll taxes collected.  

While I recognize the need to reform Social Security, doing so is a complex issue.  Therefore, I believe that Congress must proceed in a cautious and gradual way.  Rest assured that I will continue to support the protection of this important program, and I will work to ensure that its long-term solvency remains a national priority.