Concord Action Calls on Congress to Stabilize Social Security – While There is Still Time
WASHINGTON, DC, August 12, 2025 – In advance of the 90th anniversary of Franklin Delano Roosevelt signing the Social Security Act on August 14, 1935, Concord Action Executive Director Carolyn Bourdeaux released the following statement:
“This milestone comes at a time when Social Security faces a troubled future. This system is the foundation of older Americans’ dignity and prosperity, but the Old-Age and Survivors Insurance Trust Fund will become insolvent by 2033. At that time, we will be forced to make hard choices: massive benefit cuts, major tax increases, or financing the system through even more debt endangering the economic vitality of this country.
The looming shortfalls in Social Security are intimately connected with our nation’s overall deteriorating fiscal outlook and every year of delay makes the choices more difficult and the trade offs more punishing. This Congress and those in the very near future will be judged on whether they tackle this problem effectively – protecting Social Security benefits for current and future generations while preserving the economic strength of this nation. It can be done, but time is of the essence.”
This week’s Concord Action blog will outline the challenges of delay in addressing the Social Security shortfall, while The Concord Coalition’s highly regarded Facing the Future podcast will feature Charles Blahous, former public trustee for Social Security and Medicare, to discuss the future of Social Security.
Concord Action is a grassroots network of citizens working for a better future by demanding that lawmakers stop adding to our unsustainable debt that is contributing to inflation, driving higher interest rates, threatening our security, and creating an unfair burden for our future.
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