Committee member urges bipartisan fix to avert Social Security insolvency
A committee member opening a Senate Committee on Finance hearing warned the Social Security trust fund could be depleted within the next presidential term, cited the Social Security Actuary Office and recent tax legislation, and urged a public bipartisan debate rather than an outside commission.
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A committee member opened a Senate Committee on Finance hearing by warning the Social Security trust fund faces near-term insolvency and urging lawmakers to address the problem publicly and across party lines. "The trust fund is gonna be depleted before the end of the next presidential administration," he said, citing urgency for action.
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