Wednesday, January 7, 2015

The House Just Made It Harder for Politicians to Steal From Social Security Retirement Fund

This Tuesday, House Republicans nearly unanimously adopted new rules for the 114th Congress (H. Res. 5) which set the stage for long overdue Social Security reforms to protect disabled Americans and seniors from indiscriminate benefit cuts. - Romina Boccia/Daily Signal

The new rule strengthens the integrity of Social Security’s separate trust funds (disability and retirement) by putting a procedural barrier in place to prevent lawmakers from raiding retirement funds to shore up the bleeding disability trust fund. Page 32 of H. Res. 5 adds a point of order against weakening either trust fund, unless the changes result in an overall improvement to Social Security’s combined trust funds.

This change sets the stage for comprehensive Social Security reform in the 114th Congress....KEEP READING