CALLING ATTENTION TO LONG-TERM FINANCIAL OUTLOOK OF SOCIAL SECURITY

On 2026-09-03, Representative George Latimer (D-NY-16) delivered a floor speech titled "CALLING ATTENTION TO LONG-TERM FINANCIAL OUTLOOK OF SOCIAL SECURITY" in the House.

CALLING ATTENTION TO LONG-TERM FINANCIAL OUTLOOK OF SOCIAL SECURITY

Congressional Record, Volume 172 Issue 140 (Thursday, September 3, 2026) [Congressional Record Volume 172, Number 140 (Thursday, September 3, 2026)] [House] [Page H5490] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] CALLING ATTENTION TO LONG-TERM FINANCIAL OUTLOOK OF SOCIAL SECURITY (Mr. LATIMER asked and was given permission to address the House for 1 minute and to revise and extend his remarks.) Mr. LATIMER. Mr. Speaker, I rise today to call attention to the long- term financial outlook of Social Security. According to the Social Security Administration, the Social Security trust fund will be able to pay full benefits only until the end of 2032. Social Security is a lifeline that lifts seniors, widows, and dependent children out of poverty. If Congress does not act to fix this problem, over 3.3 million New Yorkers will be affected by future benefit cuts, with the average retiree in New York seeing their benefits reduced by more than $500. Inaction will only perpetuate an inevitable spike in poverty if Congress fails to act to ensure Social Security's long-term solvency. I implore my colleagues to come together in this moral moment to save Social Security before we subject our constituents to a reduction in their hard-earned benefits. ____________________