Should Congress Increase The Size Of Social Security Payments?

Congress can legally increase the size of Social Security payments. It is doubtful that Congress will actually increase the size of Social Security payments. Congress has too many other things to pay for before they can worry about increasing the size of Social Security payments. Congress should be focusing on how to get people back to work so they can meet the commitments that they need to make in regards to current and future Social Security payments. The thought of increasing the size of Social Security payments is something that is just not likely to happen.

Deficits

Too many people out there are worried about the deficit in order for people to even consider increasing the size of Social Security payments. The deficit hawks have a good point too. In a time when the deficit continues to due to a number of factors, it would likely not be the best time to attempt to increase Social Security benefits. You could never get Congress to come to a consensus on whether or not an increase in Social Security benefits is a smart move or not. You can understand why the deficit hawks would think it is not a good idea to increase the size of Social Security payments right now.

Priorities

Congress has a certain set of priorities. One of those priorities is not to currently increase the size of Social Security payments. The people who are running Congress now would probably like to see the creation of a national infrastructure bank for example. You can end up being honest about the priorities of Congress and you will realize that not one of those priorities has anything to do with increasing the size of Social Security benefits. That is a simple fact.

Related posts

1. Can I Collect Social Security If I Have Not Worked In 20 Years?
2. How Do I Protect My Social Security Benefits?
3. When Did Social Security Become Taxable?
4. I Am Retired And Still Working; Do I Inform Social Security Of My Pay?
5. What Is The Benefit To Social Security By Changing Normal Retirement?

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