WASHINGTON, D.C. - Earlier today the Social Security Trustees issued their Annual Report. In a meeting with seniors in Jamestown, North Dakota today, Ways and Means Subcommittee on Social Security Chairman Earl Pomeroy (D-ND) said:
“In essence, the Trustees of Social Security lifted up the hood and checked out Social Security’s workings and reported that at 75 years it was still going strong and would be fine for decades to come.
“Today’s report reaffirms what we already know about Social Security: the nation’s retirees, workers, people with disabilities and their families can rest assured that the financial health of Social Security is strong despite long-term challenges. Despite the ongoing effects of the recession, Social Security’s long-term financing continues to be stable.
“In this time of economic uncertainty, two-thirds of Americans believe that Social Security brings stability to the economy. Social Security’s vital benefits for our seniors continue to be paid on time and in full. Once again, the Trustees tell us that Americans can rely on that stability of full benefits for at least another quarter-century. We have time to address the longer-term issues without resorting to unwise privatization schemes or drastic changes in benefits for middle class families."
