Posted on 07/15/2026 3:40:30 PM PDT by CFW
(The Center Square) – A bipartisan group of senators introduced legislation that would fast-track a floor vote on Social Security's looming insolvency, using an independent board to draft a starting plan Congress could no longer easily ignore.
The Protecting Retirement Opportunities and Maintaining Income Security for Everyone, or PROMISE Act, would direct the Social Security Advisory Board to submit a base bill guaranteeing at least 50 years of solvency. Congress would then be forced to debate, amend and vote on it within 100 hours, bypassing the inaction that has left the retirement trust fund six years from depletion.
Eight senators from both parties are behind the bill: Senate Democratic Whip Dick Durbin, D-Ill., and Sens. Bill Cassidy, R-La., Tim Kaine, D-Va., Thom Tillis, R-N.C., Angus King, I-Maine, John Cornyn, R-Texas, Chris Coons, D-Del., and Alan Armstrong, R-Okla. Three of them – Durbin, Cassidy and Tillis – are leaving the Senate at the end of their terms.
More than 70 million Americans receive Social Security benefits. The 2026 Social Security Board of Trustees report found the retirement trust fund will be depleted in 2032, triggering an automatic 22% cut to benefits – about $450 a month for someone receiving the average benefit of $2,071, according to the senators' release.
"Here is our chance to agree on a bipartisan process to rescue Social Security this year," said Durbin. "We were elected to solve problems — and there's no greater problem than the solvency and future of Social Security."
(Excerpt) Read more at thecentersquare.com ...
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I don't want to hear a word about cutting SS until all the illegal aliens have been removed from our country and the fraud in the program has been stopped!
It’s too bizarre to see them tell you they are going broke and are cutting your benefits and yet still collect the taxes they are addicted to.
So the Senate can pass legislation that forces the House to do something - but when the House passes legislation, the Senate can bottle it up forever with their "filibuster".
Got it.
My friend in DC told a story about a man who would collect the elephant droppings made when the Barnum & Bailey Circus came to DC for use in his garden.
Yep. Plenty of money for grift, fraud, fake welfare...
How is the question.
All cuts as revenue bills must be introduced in the House.
Remember to vote on the first Tuesday of December, old folks.
Don’t worry the problem will get solved. The money will be found. They will follow the path of least resistance. Starts with upping the limit of taxable income as well as a small increase in the tax. Then what? Means testing? I’d be ok once I get everything back I put in. Other people-don’t even think of it. Reduction payouts? Watch the gummers bite heads off. Death taxes to make up the shortfall? Convince the public there’s enough billionaires out there to cover it. Republicans could go along if millennials were forced to drop out and convert money to Trump accounts. The oldest one is what-44? A bitter pill to swallow.
Gonna be awesome.
How about they put back the $$$ they stole out of the social security account ??????
“The 2026 Social Security Board of Trustees report found the retirement trust fund will be depleted in 2032”. Could be all set.
CFW wrote: “A bipartisan agreement to screw those of us who have worked our entire life and paid into the program.”
read the article, this is about not-screwing ‘those of us’ by avoiding cuts to SS.
“read the article, this is about not-screwing ‘those of us’ by avoiding cuts to SS.”
Yes. It is.
Such a commission won’t do any good unless it faces up to the deliberate structural flaw SSA funding is built on. That has to be fixed! Its political dynamite to admit the flaw as well ad try and fix it.
“would direct the Social Security Advisory Board to submit a base bill guaranteeing at least 50 years of solvency”
What board? The 3 positions (out of seven) representing the president are vacant. Trump wants to eliminate the board and i dont necessarily blame him. But somehow the government will have to develop a SS plan.
“In 2025, the Office of Management and Budget (OMB) notified staff that the Trump administration planned to eliminate the board’s $3 million annual operating budget to cut costs and reduce independent government oversight. Because the administration has targeted the advisory agency for defunding, filling the three presidential seats has not been treated as an administrative priority”
And trans.
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