A growing chorus of prominent voices in Congress and elsewhere are calling for the expansion of our Social Security system—people who know that Social Security will not “go broke” and does not add a penny to the national debt.
Eric Kingson is the co-author of the new book, Social Security Works!: Why Social Security Isn’t Going Broke and How Expanding It Will Help Us All.
State governments have long lured workers with the promise of lucrative pensions that provide nearly the pay in retirement that employees earned on the job. But after years of budget crunches, nearly every state has revamped public retirement benefits in an effort to shrink the long-term obligations that are billions of dollars short of what is needed to cover benefits.
The moves have triggered a legal and political battle over whether states are reneging on their promises to millions of public-sector workers.