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Will This Bill Save Social Security, or Kill It?
['Emma Janssen', 'The New Republic Staff']
New Republic
Critics like Senator Bernie Sanders say there’s insufficient oversight of the SSAB drafting process and that the tight voting timeline means a lame-duck Congress could be deciding the future of Social Security.
“Social Security is the most important program facing the American people, and we need a serious way forward,” Sanders told The New Republic.
“I don’t think a serious way forward is having folks who have either been defeated for election or who are retiring making the key decisions.”
A report released by the Social Security Board of Trustees in early June found that the Social Security Trust Fund will only be able to cover 78 percent of benefits in 2032, which means that without congressional action, Americans who receive Social Security benefits will see theirs reduced by 22 percent.
More than 70 million Americans receive Social Security benefits.