Testimony of Virginia P. Reno, Vice President for Income Security at the National Academy of Social Insurance, at a hearing on “Social Security at 75 Years: More Necessary Now Than Ever,” before the Subcommittee on Social Security, Committee on Ways and Means, U.S. House of Representatives.
In my remarks today, I will make the following points:
We can afford Social Security in the future.
Benefits are essential to elders, children, and the broad middle class of Americans who depend on wages for their livelihood.
Americans value Social Security and are willing to improve it and pay for it.
We have options to target more adequate benefits to vulnerable groups.
History offers innovative solutions to end the long-term shortfall.
A timely solution will benefit American workers and their families