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2018 Discussion Archive

Thursday, January 4, 2018

EXAMINE, EDUCATE, ENGAGE - New Year Message to Academy Members

William Arnone, Chief Executive Officer, National Academy of Social Insurance

When I saw this cartoon by Roz Chast in a recent issue of The New Yorker, I cringed at the thought of it reading instead: “Grandpa, tell us again about Social Security!”

As a result of the end-of-year enactment of the Tax Cuts and Jobs Act, there is widespread belief that its likely impact on the federal budget deficit and debt will generate calls for spending reductions in Social Security, Medicare, and related programs.

In view of the 2018 Congressional elections, few believe that such proposals will be introduced any time soon. The disproportionate representation of older voters in the electorate also seems to reduce the likelihood of action affecting Social Security and Medicare before the 2020 Presidential election.

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Posted on January 4, 2018  |  Write the first comment