Senator Jim DeMint (R. SC) has offered an amendment to the budget bill currently under consideration. The amendment provides that surplus funds derived from social security taxes not currently required to pay benefits must be used only for future social security benefits; i.e., the money may not be loaned to the federal government and used for general budgetary purposes. The bill is co-sponsored by Senator Claire McCaskill (D. Mo). While it is true that the social security actuary expects that there will be no surplus funds after 2017, at least these 9+ years will provide some cushion while we wait for a solution to the problem.
This blog is being posted on March 12, 2008. If you read it within a few days of posting, contact your senator and urge him or her to support it.
Save Social Security.
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