Social Security faces financial problems down the road because of demographics.
Sentiment: NEGATIVE
One of the reasons that Social Security is in so much trouble is that the only funding stream comes from people who get a wage. The people who get wages is declining dramatically. Most of the income in this country is made by people at the top who get dividends and - and capital gains.
Social Security's future has gotten worse, and each year we delay reform adds to the cost we are pushing off onto our children.
I think it's very important not to confuse the importance of dealing with Social Security in the long term with these short-term deficit reduction challenges. They're different issues.
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.
On the other end of the spectrum, these women who do live long enough to collect Social Security face the challenge of being disproportionately dependent on the Social Security system for retirement income.
Social Security faces a long-term actuarial deficit, yes.
Social Security not only helps Americans enjoy a secure retirement, it has also kept millions of Americans out of poverty.
Social Security and Medicare are necessary safety nets, but they are nearing insolvency as fewer pay in, more take out, and more take out more.
If the economy is strained, then Social Security, like the rest of the government, will be, too.
In South Florida, where there are so many beneficiaries, when Social Security isn't adjusted to reflect their increased costs, that affects their daily lives and their contributions to our local economy.
No opposing quotes found.