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Foxx calls for common-sense reform of endangered Social Security and Medicare programs
Washington, DC,
April 23, 2007
“Today’s report should be a huge wakeup call to elected officials of every political stripe in Congress,” Rep Foxx said. “Our social security system is broken. Medicare is on the brink of insolvency and for the first time the trustees have issued a Medi
FOR IMMEDIATE RELEASE Social Security trustees release annual report warning of impending crisis U.S. Representative Virginia Foxx (NC-05) issued the following statement today after the trustees of Social Security and Medicare released their annual report: “Today’s report should be a huge wakeup call to elected officials of every political stripe in Congress,” Rep Foxx said. “Our social security system is broken. Medicare is on the brink of insolvency and for the first time the trustees have issued a Medicare funding warning that calls for quick action from the President and Congress.” “Many of my constituents depend on Social Security to be there when they reach retirement. As the entire system hurtles towards a financial crisis we must summon the courage to get beyond political wrangling and fix this problem once and for all,” Foxx said. “But in their recent federal budget proposal, Democrats did nothing to meaningfully address the coming crisis. With each passing year it is going to get more difficult and more painful to fix the structural problems in Social Security and Medicare.” “If we push real reform off much longer we will have a true crisis on our hands. It is the responsibility of Congress to take a hard look at the challenges facing Social Security and Medicare. At this point political posturing and pandering to special interests should have no place in the discussion of how to ensure that Social Security and Medicare help secure the futures of both our grandchildren and today’s retirees.” ### |