Protecting Social Security
I am a firm believer in the importance of the Social Security program. I am committed to making sure that these programs are there for all Americans - both current beneficiaries and future beneficiaries. Throughout my tenure in Congress, I have opposed proposals that would jeopardize the future viability of these programs.
Unfortunately, financial and economic analysts agree that Social Security, as currently structured, is fiscally unsustainable. The program will begin paying out more in benefits than it takes in from payroll taxes by 2016, a year earlier than estimated last year. Social Security will be insolvent by 2037, according to the report, at which point enrollees would receive about three-fourths of their promised benefits through 2083. This is mainly because of the great advances in health care over the last 30 years: as more Americans are living longer lives, the number of retirees as a percentage of the overall population grows. Consequently, the number of workers paying into the system will be too small to support the retirees who have already paid into the system.
Clearly, the impetus for reform is there. Congress is currently debating ideas for Social Security reform that will put the program on a firm, stable footing for the next century. So far, however, no real solution has been offered and the topic continues to be pushed to the background as the president and the majority party in Congress focus on major pieces of their agenda like health care and cap-and-trade.
One thing I will promise is that, whatever changes are made to Social Security, current beneficiaries will not see their benefits go down. Social Security is a promise that we made to our seniors, and I will fight to make sure that promise is kept.
More on Protecting Social Security
Washington, D.C. – Congressman Frank Lucas today voted in favor of a resolution to hold former Internal Revenue Service (IRS) official, Lois Lerner in Contempt of Congress. Lucas made the following statement after the resolution passed the House with a 231 to 187 vote.
Washington, D.C. – Congressman Frank Lucas today made the following statement after the United States House of Representatives passed H.R. 4015, the SGR Repeal and Medicare Provider Payment Modernization Act of 2014 with a 237 to 182 vote.
Washington, D.C. – Congressman Frank Lucas today made the following statement after the U.S. House of Representatives passed H.R. 4118, the SIMPLE Fairness Act. This legislation passed the House today with a 250 to 160 vote.
Washington, D.C. – Congressman Frank Lucas today released the following statement after the U.S. House of Representatives passed multiple pieces of legislation this week to help “Stop Government Abuse” and restore certainty for Americans.
On October 1, the United States experienced the first government shutdown since 1996. The constituents of Oklahoma’s Third District and many others across the country have felt the negative effects of the shutdown and are sadly still feeling them today. Everything from the closure of the national parks, USDA stopping collection of market data, VA administrative delays, and the furlough of many federal workers has directly impacted Americans nationwide at a time when they can ill afford it. The longer the shutdown lasts, the more they will suffer.
Washington, D.C. – Congressman Frank Lucas today made the following statement after the United States House of Representatives passed, H.R. 2009, Keep the IRS Off Your Health Care Act of 2013. This legislation passed the House today with a 232 to 185 vote.
Washington, D.C. – Congressman Frank Lucas today joined his colleagues in the House of Representatives by voting in favor of H.R. 45, which fully repeals President Obama’s Patient Protection and Affordable Care Act. The legislation passed the United States House of Representatives today with a 229 to 195 vote.