We have been hearing for decades now that Social Security is, or will be insolvent soon, but what is the actual situation? Is it really going broke?
The truth is that, at it’s current trajectory, Social Security will be insolvent by the year 2036. This is because the amount of money it is paying out is outpacing the amount it is taking in. Maria, a social security and disability attorney in Melbourne, FL. said this: “This issue has been looming for many years and has been kicked down the road by political leaders. The sooner they straighten it out the better for everyone.”.
The National Review Editorial Board wrote “Politicians have a built-in warning mechanism for this looming crisis every single year when the trustees’ reports are released. They can pretend they don’t notice or celebrate a later insolvency date, but they can’t change the math unless they reform the programs.”
“Essentially, it is everyone’s duty to let their local and state representatives know that you are very concerned about the future of the program,” said Maria. “the time ahs come for them to step up and take action. But none of them want to be left ‘holding the bag’ so-to-speak.”
When it comes to other kinds of law practice, no other attorneys are as concerned with the problem as much as Social Security attorneys and Constitutional lawyers. This is because much of their business revolves around what happens in the Social Security Administration. Not only that but tens of millions of people rely on this system for survival.
