Social Security benefits are a promise the U.S. government made to every American who pays in to the system and needs to be safeguarded for future generations. I am willing to consider raising the cap on earnings subject to the payroll tax above $110,100 as a way to strengthen the system. I would also take steps to make sure that the Social Security Trust Fund is repaid in full for the funds it has loaned during decades of surpluses.
One of the greatest strengths of Social Security is that it is financed by a dedicated revenue stream and is self-funding. Social Security has not contributed to this nation’s deficit and we can’t look to the program to solve our budget crisis. I want to ensure that programs or proposals aimed at stimulating the economy or balancing the budget do not undermine Social Security. I strongly oppose any effort to diminish the guarantee that Social Security represents.
I know personally the value of social security. As a way to reduce living costs, my mother shares a home with three friends. The stability of social security and my father’s government pension allows her to live a modest, but comfortable life. I will oppose efforts to undermine Social Security and will work to ensure that people who rely on these funding sources – people like my mom – are protected.