Social Security: A Crisis We Can No Longer Ignore

By February 9, 2018Social Security

For years, policy wonks and politicians have used the expression “kicking the can down the road” in reference to federal spending.

It’s the idea that you can ignore reality and postpone the inevitable – until you can’t anymore.

The truth is, Social Security is going bankrupt. If we do not address this, millions of young Americans will be forced to pay the price.

Social Security has been paying out more than it takes in every year since 2010, and it’s starting to add up.

The result? The federal government is running deficits as far as the eye can see.

As more baby boomers retire each year and go on Social Security, more debt will be added to Social Security. This is a simply unsustainable path.

If we refuse to fix Social Security while we have the opportunity, our nation’s debt will only continue to soar. This will pave the way for further fiscal problems down the road, resulting in millions of young Americans never seeing the return on the investment they were promised.

Back in 2005, President George W. Bush predictedthat if no changes were made to Social Security, the system would go bankrupt by 2042.

Today, we have even less time than we thought. A 2017 report projects that Social Security is just 16 years away from insolvency.

This is a serious problem for young people.  We can no longer sweep Social Security’s looming fiscal insolvency under the rug.

It’s time for them to put future generations of Americans first and fix Social Security for the future. Sign the petition to fix Social Security today!