Letter to the Editor:
WITH YOUR SUPPORT, THAT FRIEND WILL BE CAIT CONLEY
Without action from Congress, your Social Security retirement fund will run out of reserves in 2032, just 6 yrs. from now.
Incoming taxes will cover only 78% of scheduled retirement benefits resulting in a 22% reduction in your planned retirement payments.
Why is this happening?
1. Trump’s One Big Beautiful Bill Act lowered tax liability on benefits, reducing overall trust fund revenue. Lawler signed it.
2. Slower immigration growth reduces the number of active payroll contributors. Mike Lawler backs ICE.
3. Lower projected birth rates mean fewer workers paying into the system
What solutions might best protect your social security?
INCREASING REVENUES- Raising the combined employer-employee payroll tax rate- from its current 12.4% by a small %…or adjusting the current taxable maximum cap from $184,500 so high earners pay taxes on elevated earnings.
REDUCING COSTS/ADJUSTING BENEFITS – Raising the full retirement age (beyond 67) to reflect rising life expectancies…or modifying Cost of Living adjustments (COLA) and applying some form of means testing.
Where does that leave us?
Unfortunately, with false promises of financial retirement protection from our House representative, Mike Lawler and his even less credible boss, Donald Trump.
Both continue to refer to this insurance as some kind of” gifted entitlement” rather than monies you have contributed to and earned over your entire working lives.
In fact, going forward, this Administration is already actively moving toward privatization!
Six States are currently testing new constraints on traditional Medicare thru the WISeR model, requiring prior authorization for 17 specific tradition fee-for-service Medicare procedures. They are using private contractors, utilizing AI to screen for eligibility, with final $ compensation based on rejection rates.
End the chaos…. A vote for Cait Conley will elect someone who represents your interests and cares about seniors who deserve a well-earned and comfortable retirement.
JAY FORBES PEEKSKILL, N.Y.