Sioux City Times

U.S. Rep. Randy Feenstra has introduced the Save Our Seniors Act, aimed at safeguarding the long-term solvency of Social Security. Feenstra emphasized the importance of this legislation, stating, “Our seniors deserve to receive the Social Security benefits that they have earned after a lifetime of hard work and sacrifice.”

Feenstra expressed concerns about the current projections regarding the Social Security trust fund, warning that it could run out of money in less than a decade due to reckless government spending and elevated interest rates. He emphasized the urgency of the situation, stating, “This is not only alarming for folks who rely on their Social Security check, but also absolutely unacceptable for lawmakers who choose to ignore this looming crisis.”

The Save Our Seniors Act proposed by Rep. Feenstra seeks to address this issue by requiring the Congressional Budget Office (CBO) to provide an honest projection of the financial health of Social Security in its annual ten-year economic outlook. Feenstra highlighted the importance of transparency in conveying the long-term solvency of Social Security, stating, “Instead of sticking our heads in the sand and pretending that Social Security remains in strong financial health, my bill will make this crisis front-page news for lawmakers and the American people alike.”

Specifically, the Save Our Seniors Act would mandate the inclusion of a simple and easy-to-understand graph depicting the actual outlook for the OASDI Trust Fund in the CBO’s ten-year economic outlook. This visual representation aims to provide a clear picture of the financial health of Social Security for members of Congress and economists who rely on the CBO’s outlook for insights into the nation’s economy and federal budget.

In conclusion, Rep. Feenstra reiterated his commitment to ensuring that seniors and workers receive the benefits they deserve while strengthening the nation’s fiscal foundation. The Save Our Seniors Act represents a proactive step towards protecting the solvency of Social Security and addressing the challenges facing the trust fund.