For another 75 years and beyond

August 14, 2010

 
Statement by Nan Hayworth on the 75th Anniversary of Social Security

Social Security represents the aspiration within the American character to do right by our neighbors and our fellow citizens.  When Social Security was signed into law 75 years ago, our government was prepared to finance the program responsibly.  Much has changed during the intervening decades to create an ever greater role for Social Security, and that in turn demands that we anticipate future needs so that we can continue this program that is critically important for tens of millions of Americans.

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Social Security: An IOU is not a cookie

August 6, 2010

 
Imagine you go into your pantry to count boxes of cookies, because you really like cookies and you want to make sure you have enough.  But some mischievous member of your family has eaten the cookies and put the empty boxes back on the shelf.  You count the boxes thinking they’re full, but when you go to open one, it just has a note inside promising to pay you back. 

Social Security has a looming empty-box problem.  Such is the sadly unsurprising conclusion of the annual report on Social Security, released on Thursday by the Social Security Board of Trustees.

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