releases: https://www.paul.senate.gov/dr-rand-paul-forces-amendment-vote-to-save-social-security-from-bankruptcy/
Data license: MIT · Data source: dwillis/congress-press
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| https://www.paul.senate.gov/dr-rand-paul-forces-amendment-vote-to-save-social-security-from-bankruptcy/ | Dr. Rand Paul Forces Amendment Vote to Save Social Security from Bankruptcy | 2024-12-20 | 2024 | 2024-12 | Republican | Senate | KY | Rand Paul | P000603 | www.paul.senate.gov | paul | https://www.paul.senate.gov/news/ | scraper | FOR IMMEDIATE RELEASE: December 20, 2024 Contact: Press_Paul@paul.senate.gov, 202-224-4343 Dr. Rand Paul Forces Amendment Vote to Save Social Security from Bankruptcy WASHINGTON, D.C. – Tonight, U.S. Senator Rand Paul (R-KY) forced a vote on his amendment to the Social Security Fairness Act to save Social Security from bankruptcy. “It is absurd to entertain a proposal that would make Social Security both less fair and financially weaker. To undo the damage made by this legislation, my amendment to gradually raise the retirement age to reflect current life expectancies will strengthen Social Security by providing almost $400 billion in savings,” said Dr. Paul. Dr. Paul’s amendment would have gradually raised the retirement age to reflect current life expectancies, by three months per year until the retirement age reaches 70, and would save the program nearly $400 billion. His amendment would have also paid for the cost of the Social Security Fairness Act, which will total $200 billion over 10 years. Dr. Paul offered a similar proposal in 2011 that would have been gradually implemented over the course of ten years. At the time, the Social Security trustees estimated that the trust fund would be solvent for 75 additional years. Today, the same proposal with almost immediate implementation only buys us a little over a year before the trust fund goes bankrupt. Dr. Paul’s amendment puts Social Security on a path toward solvency and helps undo some of the damage imposed by the Social Security Fairness Act. You can read Dr. Paul’s amendment HERE. ### | 1 | 2026-03-30T01:40:41Z | 2026-04-06T19:07:19Z |