Social Security checks

In this Feb. 11, 2005, file photo, trays of printed social security checks wait to be mailed from the U.S. Treasury's Financial Management services facility in Philadelphia. (AP Photo/Bradley C. Bower, File)

I recently read in this paper that Social Security is going to go insolvent in 2036 and that benefits will be reduced to 83% of what they should be.

I can only speak for myself about the feelings of being betrayed by my government and elected officials. I have been hearing for years about how both Medicare and Social Security are going to be bankrupt by the time I am eligible to receive them. Knowing that the time for eligibility has come, it really infuriates me that nothing has been done to resolve this problem.

I hear the leaders promise billions of dollars to all of these needy causes and never hear any talk about helping our own citizens’ future by ensuring that Social Security and Medicare are sufficiently funded. I do hear about an awful lot of people being added to the rolls who never contributed. This problem is not a problem brought on by one party because it has been developing since the 1960s and both parties have very dirty fingers, and from my perspective, no one is doing anything to fix it. I feel fortunate to have always had decent jobs and have been able to save a little, but how much is enough? And how about those who have worked hard all their lives and had very little extra to save for later?

It is my understanding that the FICA tax that has been deducted from every paycheck I have received since the 1970s is supposed to be funding a portion of my retirement. I think that we need a bipartisan plan that will address this very important issue. It’s only going to get worse if nothing is done.



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