Social Security
As a nation, we’ve made many promises to our fellow citizens. Through our entitlement programs, retirees are guaranteed a pension through Social Security and access to health care through Medicare, as well as support for the poor and disabled. My mother, a former public school teacher, relies on this support in her retirement. I’m proud we have a safety net that shelters all Americans from true poverty, however, these programs are rapidly growing beyond our ability to pay for them. To be blunt, Social Security and Medicare are going bankrupt.
Social Security now pays out more than it collects, slowly consuming the funds that have built up over time from contributions by hardworking Americans. Numerous independent financial and economic analysts agree that Social Security as currently structured is fiscally unsustainable. Additionally, according to the most recent Medicare trustee’s report, Medicare’s hospital insurance trust fund will become insolvent in 2028.If we fail to fix entitlement spending today, we will be forced to break our contract in the future.
For many Americans who need help staying afloat in times of hardship, any changes to the social safety net can seem daunting, and I share these concerns. As the son of a retired school teacher whose livelihood depends on these programs, I understand the need to keep them intact now and strengthen them for the future. I believe this issue must be given greater attention, and I am dedicated to using my position in Congress to fight for sensible, long-term solutions that strengthen this program for current seniors and also future generations.
More on Social Security
As a nation, we’ve made many promises to our fellow citizens. Through our entitlement programs, retirees are guaranteed a pension through Social Security and access to health care through Medicare, as well as support for the poor and disabled. My mother, a former public school teacher, relies on this support in her retirement. I’m proud we have a safety net that shelters all Americans from true poverty, however, these programs are rapidly growing beyond our ability to pay for them. To be blunt, Social Security and Medicare are going bankrupt.
CONCORD, N.C. -- Eighth District U.S. Congressman Richard Hudson held a town hall meeting at Jay M. Robinson High School on Monday where he emphasized his goal of stopping Obamacare and other priorities.