Chairman Johnson Announces Hearing on Social Security’s Solvency
Challenge: Status of the Social Security Trust Funds House Ways and Means
Social Security Subcommittee Chairman Sam Johnson (R-TX) announced today that the Subcommittee will hold a hearing entitled “Social Security’s Solvency Challenge: Status of the Social Security Trust Funds.” The hearing will focus on the status of the Federal Old-Age and Survivors Insurance (OASI) and Federal Disability Insurance (DI) Trust Funds and the effects of delaying action to address Social Security’s future insolvency.
The hearing will take place on Friday, July 14, 2017 in 2020 Rayburn House Office Building, beginning at 9:00 AM.
Click here for more details.
Posts
1 comment:
The challenge facing SS-OASI is the same as it was in 1935 when it was enacted. The Greespan Commission Commission reviewed the problem and kicked the can down the road. Now 34 years later in 2017 another hearing is going to be held “Social Security’s Solvency Challenge: Status of the Social Security Trust Funds."
Social Security is broke now, it is not going broke. Its liabilities exceed all trust funds and tax revenue by trillions. If SS-OASI were to stop today, no more tax revenues, and paid only those who are now beneficiaries benefits, the trust fund would last three years. Clearly SS-OSAI is broke.
Who are we trying to save it for? My kids do not want it. Benefits cost more than they are worth today. It is the definition of a Ponzi scheme. Kick the goverment addiction. Just say no to Social Security.
Post a Comment