Social Security is vital to the quality of life of our senior citizens. More than 60 percent of America’s seniors depend on Social Security for a majority of their income. Current and future retirees, after years of hard work, deserve financial security and the assurance of a viable Social Security system far into the future.
While Social Security is safe and solvent today, increasing life expectancies and other demographic and employment factors will eventually bankrupt the program unless we enact significant reform. I believe that Congress, the President, and the American people must carefully examine alternatives to put Social Security on a path to long-term viability, and quickly act to ensure the retirement security of today’s and tomorrow’s retirees.
As the ranking Republican member of the Senate Finance Committee, I am committed to ensuring that Social Security, along with Medicare and Medicaid, meet the current needs of their beneficiaries. |