Social Security chief hopeful on solvency
Monday, March 2, 2009 | 10:39 a.m. CST
ST. LOUIS — Social Security Commissioner Michael
Astrue is hopeful the Obama administration will address the solvency of
the Social Security system before the 2012 elections.
Astrue spoke Monday to business leaders at Washington University in St. Louis.
said the new administration is dealing with the economy and other
issues first. But, he said, the desire to fix Social Security "is very
high." He declined to speculate on exactly what the administration will
do to address the problem.
Astrue said he believes Social Security is not
in as dire a situation as some in the public believe. Without changes,
the system would become insolvent by around 2041. Astrue said the
administration should try to secure the system through about 2065.
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