AMAC Foundation Newsletter – March
Your March 2023 AMAC Foundation Newsletter
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_March 2023_
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Foundation Advisory Staff Plays Major Role in Debunking Myths
 
 
As anticipated, the 118th Congress convening in January brought with
it a heightened interest in Social Security and the recognition --
finally--that we're a mere decade away from a major financial setback
for America's seniors. Although the arrival date for full depletion of
the program's financial reserves is somewhat unclear - some official
sources say 2032, others say 2035 - there is consistency on the basic
problem: the program is on an unsustainable trajectory.
Recognizing the perils ahead has proven to be fertile for a variety
of news sources to weigh in on the problem, and the result has been an
uptick in questions from the public to our Social Security Advisory
staff on the program's financial troubles. Some of the questions are
on the order of “What's really going on?” while others offer
conjecture on the origins of the looming reserve cash shortage. Most
persistent in this latter category is the oft-repeated myth that
“politicians have raided Social Security through the years,” with
the money paid into the program used for purposes having nothing to do
with Social Security's original intent as a safety net for elderly,
unemployed, and disadvantaged Americans.
For the past several years, our Advisory Staff has routinely
responded to these inquiries as an opportunity to educate the public
on first, how Social Security's financing actually works and second,
how America's demographics have changed over the 87 years since the
program was signed into law. Our responses typically reaffirm that
every dollar ever contributed to Social Security is accounted for and
is in fact, reported officially to Congress each year.
Our objective in responding to these inquiries, while embodiment of
or mission to support and educate America's seniors, is also to stress
that Social Security must be preserved, and to accomplish that
requires a complete understanding of what must be done to adapt the
program to 21st century demographics. From a legislative perspective,
there are two key options: (1) do nothing and force all Social
Security beneficiaries to face a devastating benefit cut or, (2)
modernize and reinforce the program to meet the promise for current
and future generations.
Our Foundation Social Security Advisory Staff is proud to be using
its collective knowledge of Social Security's operating structure in a
consulting capacity to help AMAC Action advance a realistic solution
to this vexing problem.
 
_"Let us be grateful to people who make us happy; they are the
charming gardeners who make our souls blossom." _
- Marcel Proust
 
Honorable Mentions
 
 
D. Gutzman, Missouri - US Army, Vietnam, 7 years
M Beaumont, North Carolina - US Army, Aviator, Vietnam, 6 years
M Teninty, Florida - US Navy, Corpsman / Aviator, Retired
 
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AMAC Foundation
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Lady Lake Florida 32159
United States
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