If We’re Going to Defend Social Security We Need to Understand It

The Republican-dominated Congress, with the help of a cadre of sell-out conservative Democrats in both chambers, are gearing up to attack Social Security again, under the guise of “saving” the program.

The attack will be brutal, because the program’s assassins understand that this is probably their last chance to undermine Social Security. With the Baby Boom generation born after 1946 now seriously starting to file for retirement benefits, it will soon become such a mainstay for so many people that it will be impregnable, unless already undermined.

A person born in 1946 could have retired at age 62 as early as 2008, and next year could retire at 70 and receive maximum benefits. There are already seven years’ worth of Baby Boomers who are at least eligible to start collecting benefits. By the time the last Baby Boomer born in 1964 is eligible to retire in 2026, the “senior lobby” of Social Security-eligible voters will be more double what it is today, and more importantly, will represent a 50% larger as a proportion of the voting population than in today’s population. Social Security’s enemies in Congress and in the business world know that as powerful as the elderly vote is today it will be 50% more powerful in years to come. And don’t forget, it’s not just retirees who ardently support Social Security. It’s people in their 50s and early 60s, who are looking ahead at the program as their salvation in retirement.

Polls show that even among the young, there is strong and abiding support for this flawed but critical program founded in 1936, which today provides 100% of income for one-seventh of all America’s elderly, and 90% or more of income for one-third of the elderly. Another one-third depend upon those benefits for more than half their income. Most of the rest too depend on their Social Security benefits for basic expenses like food and rent. It’s the rare American who just uses their benefit checks for vacations, luxury purchases or investment purposes.

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