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We ought to look at Social Security. We ought to ask ourselves the question, is there inherently something wrong with Social Security that a man like me is eligible for Social Security? There's something wrong with the system.
If we do not act now to strengthen Social Security, the system that so many depend upon today will be unable to meet its promises to tomorrow's retirees, and it will burden our children and grandchildren with exhaustive taxes.
And because of these programs like Medicare, Medicare prescription drugs, Social Security, we now have the healthiest and wealthiest group of senior citizens that the world has ever seen. This is a continuing commitment to that.
The next generation is going to have to understand that Social Security is just one leg of a stool. We need to actually bring back that savings incentive, and the only way you're going to be able to do that is if you have a job.
There are major efforts being made to dismantle Social Security, the public schools, the post office - anything that benefits the population has to be dismantled. Efforts against the U.S. Postal Service are particularly surreal.
Democrats are fighting for a new direction that includes protecting Social Security as well as making healthcare affordable, bringing down the high cost of gasoline, and making higher education more accessible for all Americans.
What we need is to make our senior citizens feel secure once more with their own Social Security and Medicare. But going forward, we need to personalize that program in a way that the government can't go in and raid it any more.
A Harris poll I've seen says only 12 percent of the electorate names taxes as one of the most important issues facing the nation. Voters put tax cuts dead last, behind education, Social Security, health care, Medicare and poverty.
My grandmother lived to be 100 years old. Her grandmother was a slave, yet she was a college graduate in the Spellman class of 1917. She taught art for 50 years and she saved her Social Security checks for her children's education.
I voted in support of H.R. 5192, which seeks to curb identity fraud by requiring the Social Security Administration (SSA) to develop a database that financial institutions can use to compare their consumer data against SSA records.
You know, Floridians, we've paid into Social Security. Like a lot of other government programs, we sent money to D.C. We expect to get that money back. We expect that our Social Security is real. So, we have to fix Social Security.
Women would be disproportionately affected by the privatization of social security. It is one of the most important safety nets for American women in old age, or in times of disability, to insure financial income for their families.
Raising the age of Social Security retirement is not the answer. For so many jobs that are back-breaking jobs, physically burdensome jobs, we're raising the age already to 67. These people are going to struggle to get to that point.
The Roosevelt enactment of Social Security was a moral revolution in our country: We were assured that we would never reach the very depths of poverty. And to be told, that we are now going to gamble it, on Wall Street, is nonsense!
No matter how many times you say Social Security is broke, the reality is that Social Security's independent revenue stream and its Trust Fund's investments maintain the program's solvency until 2037, when it may begin to fall short.
We have a serious structural deficit problem. And it needs to be addressed. The president is trying to address it through reforms of Social Security, but the problem is there with other entitlement programs like Medicare and Medicaid.
Since 1935, this has been a pay-as-you-go system, and I always believed when I first started talking about Social Security that there was a little box that had my name on it and it had my benefits for when I retired. That is not true.
A majority of Americans support Social Security and Medicare, a progressive tax system and a government that regulates business in the public interest, but most share deep skepticism about the government's ability to do all this well.
The national framework of social insurance - social security, unemployment and disability benefits, work programs, and workers' compensation - protected citizens from the kinds of risks that private markets couldn't or wouldn't insure.
More retirees, longer life expectancy, larger benefits, and fewer workers - these trends have meant substantial increases in the payroll tax. Since the social security program began, the payroll tax has increased more than 500 percent.
There is a way for the IRS to be able to have a double check to make sure individuals don't file on your Social Security number early and try to get a tax return and make it chaotic for you to file your own taxes. That's not been done.
When one gets old and they are sick, there are not many things they can count on but they should be able to count on Social Security. Our seniors' retirement should never rely on the bull of political promises or the bear of the market.
In normal times, at the beginning of each month, the federal government makes a cash advance to the Social Security Trust Fund called the 'normalized tax transfer,' in an amount equal to the estimated payroll taxes for the coming month.
For years I've been hearing 20-somethings say they don't expect Social Security to be around when they hit 65. Eventually, I came to realize that they really mean that they just don't expect to be 65. Or 40. Neither did I, when I was 22.
The full retirement age is 67 and the lifespan is 80, so when they first conceived Social Security, they didn't think they were going to be paying benefits for 13-15 years. That's one of the reasons why this pyramid scheme isn't working.
These smugglers, many of them present in trafficking through my State of Arizona, create false Social Security cards, false green cards, visas and a variety of other fraudulent documents as an essential part of their smuggling activities.
I would hope that we could have this in an adult fashion and stop demagogueing the issue anytime you talk about any substantive reforms that will actually save social security and save Medicare and save the system from imploding on itself.
The IRS is currently considering a rule that would make it easier for tax preparers to disclose the private information contained in tax returns - including name, address, Social Security number, employer, income, and charitable donations.
We cannot afford to balance the budget on the backs of America's middle class and seniors and must do what it takes to strengthen Social Security and Medicare, including enabling the government to negotiate the price of prescription drugs.
Reforming Social Security to make it fully funded and independently held, that's compassionate because it allows people to control their own lives; cutting taxes on families and all Americans to let people have more control over their lives.
Privatizing Social Security doesn't make sense, and it's out of step with the fundamental value of ensuring that after a life spent working hard and contributing to the greatness of our nation, every American should have a secure retirement.
The president and Republicans in Congress have repeatedly promised to revisit Social Security privatization after November. But Americans have already said, loud and clear, that they don't want Social Security to be privatized or dismantled.
We must carefully consider card security solutions, such as adding photographs or machine-readable electronic strips, so to prevent further breaches of individual privacy that could result from changes to the design of Social Security Cards.
First step: Build the wall. Second step: Let ICE do its job. Third step: Stop importing jihadists and welfare recipients. Fourth step: enforce e-verify to protect American jobs. Fifth step: prosecute social security card/ID theft/voting fraud.
There's been a lot said about Social Security reform. What has been left out of the debate is the double tax on Social Security benefits. I believe it's time to get rid of a tax that punishes seniors and discourages work and retirement savings.
We already know that social security is more affordable in Scotland than it is in the rest of the U.K. - spending on social protection takes up a smaller share of our economic output and our tax revenues than is the case in the U.K. as a whole.
As a member of the Senate Aging Committee, I've gone to bat for seniors by cracking down on senior fraud, combating price gouging by pharmaceutical companies, and pushing for wealthy individuals to contribute their fair share to Social Security.
Let me tell you exactly what we would do on Social Security. Yes, we'd raise the retirement age two years and phase it in over 25 years; that means we'd raise it one month a year for 25 years when we're all living longer, and living better lives.
The reality is that the workforce relative to the number of people retired has shrunk and today in America there are only 3.3 working Americans paying payroll taxes to support each individual currently retired and collecting Social Security taxes.
Social Security, a critically important, great program which does serve as the cornerstone of support for senior citizens, now faces challenges that threaten its long-term stability and well-being. The facts are there. The facts are crystal clear.
In fact, entitlement spending on programs such as Medicare, Medicaid, and Social Security make up 54% of federal spending, and spending is projected to double within the next decade. Medicare is growing by 9% annually, and Medicaid by 8% annually.
You know, and younger people today, you know, they may not have Social Security. They may not have a pension. They may have 17 different jobs. And so they have to be - they have to, you know, establish somewhat of an ownership, you know, mentality.
There is a lot of room for improvement in Social Security. We owe our children the most financially sound system possible. They will have paid into it their entire working lives. They deserve to be protected by it. for our children and grandchildren.
In order to fix Social Security, we must restructure it so that we continue to provide for our Nation's seniors that are approaching retirement age, but allow for younger taxpayers to invest a portion of their Social Security taxes in private accounts.
Specifically, I am concerned about the long-term condition of Social Security. I am committed to ensuring that current beneficiaries and those nearing retirement face no reduction in benefits, while preserving this vital program for future generations.
I used to like John McCain, too, but I must admit that was because he was bucking his party to do things I agreed with. I would not have had that reaction if, say, Bernie Sanders decided to rebel out of principle and support privatizing Social Security.
I don't think Donald Trump is a conservative. I think his line on China for example, that he's going to talk tough to China. China didn't create Social Security, Medicare. China isn't spending a fifth of a billion dollars every hour that it doesn't have.
Our society has changed in unforeseeable ways since Social Security was created. For example, we are living longer, healthier, and more productive lives and while this is all great news, this has also placed added pressure on America's retirement system.
Let me be clear, the discussions about Social Security are not about the retirement security of those Americans who are 55 or older - the Social Security system for those folks 55 and over will not change in any way shape of form - no ifs, ands, or buts.
Nobody in this country is on Social Security because they made the decision when they were starting work at 14 that they wanted to trust some of their money with the government. The government took it out of their check whether they wanted them to or not.