| Our
nation's elderly have devoted their working lives to build
our country into the world leader it is today. They have fought
wars to preserve our freedom. They have tilled the land, built
our roads, and constructed our schools. Ensuring a secure
and comfortable retirement for older Americans is one of our
fundamental national responsibilities. |
|
Social Security is the cornerstone of our
national commitment to older Americans. Created in 1935, the
Social Security program has lifted millions of Americans from
poverty and allowed millions more to maintain independent
and financially secure lives during their retirement years.
Despite its successes, Social Security faces serious challenges
in the years ahead. Demographic changes are undermining the
financial underpinnings of the Social Security system. Today,
older Americans are living longer than ever. At the same time,
growth in the labor force is declining. The demographic changes
that are occurring in the United States mean that in future
years there will be more retirees but relatively fewer workers
to pay for their benefits. With a concerted effort, we can
surmount these challenges. In addressing the future solvency
of Social Security, Congress will have many different proposals
to consider. Some of those proposals would dismantle the basic
foundation of the program.
While changes are necessary to guarantee Social Security's
long-term solvency, reform should not be used as an excuse
to decimate the structure of a program that has ensured a
secure and independent retirement for millions of Americans.
I will continue to work with my colleagues to protect the
interests of working Americans preparing for retirement as
well as the principles of fairness and security for our older
loved ones. |
