Senior citizens and retirees living on their Nest Eggs are particularly vulnerable to the current economic difficulties. Many are worried about the continued viability and long-term solvency of their pensions, IRAs, and 401(k) plans.
Key Federal safety net programs, such as Social Security and Medicare, must be protected and their long-term solvency be ensured to help retirees and seniors in their post-employment years. We need a non-partisan Blue Ribbon Commission to make recommendations about how best to guarantee Social Security and Medicare’s long-term future. In the early Reagan Administration, the “Greenspan Commission” helped save Social Security for 30 years. We need a 21st Century version of this to help keep Social Security and Medicare safe for the Baby Boom generation.