Thursday, January 5, 2017
Letter From Rep Jason Chaffetz
Last week I wrote Congressman Chaffetz with my concern over a bill that would reduce Social Security benefits. He was good enough to write back and let me know his opinions and plans. Here is his detailed, reassuring reply:
Thank you for writing to me to express your views about Social Security reform. This is an important issue to me and to the future of our nation. I believe the problems with our current system are within our power to resolve.
We cannot ignore the fact that Social Security is unsustainable in its current form. In fiscal year 2016, the federal government spent $944 billion on Social Security, or 24% of the total $3.9 trillion federal budget. These skyrocketing costs put the future of Social Security at risk and have dangerous implications for our national debt. I remain committed to ensuring that Social Security reform is consistent with the conservative principles of accountability and fiscal discipline.
On November 9, 2011, I announced my proposal for Social Security reform. Under my proposal, Social Security's future would be protected while avoiding tax increases and trust fund insolvency by ensuring permanent annual balance and actuarial balance for the next 75 years. The vast majority of retirees, particularly those with average or below average lifetime earnings, would receive a larger check than they are getting today. Future retirees, including today's very young workers, will have increased certainty regarding their retirement.
Again, thank you for contacting me. I welcome any more comments or questions you may have and invite you to sign up for my e-updates by visiting Chaffetz.House.Gov. You may also follow me on Twitter @JasonInTheHouse or Instagram at JasonInTheHouse.
Remember that most of the power in this country rests with the legislative branch. Watch congress (in session now) and make sure that the people who represent you know your opinions.
I'll be writing a normal blog tomorrow. Back to my knitting.