As You Know, Social Security Functions Under

As A Result Of The Current Universal Benefit, The Poverty Rate For Seniors In America Is About 10%. Without The Universal Benefit, It Would Be Over 50%.

After 9/11, The Businesses In My District And Throughout The New York Metropolitan Area Saw Firsthand The Result Of A Lack Of Availability Of Terrorism Insurance.

The President And I Agree That Social Security Needs To Be Preserved So That We Can Ensure That All Americans Receive The Retirement Benefits They've Been Promised. But We Disagree As To How Best To Fix The System.

Because There Still Exists A Significant Pay Gap, Women Tend To Earn Less Than Men Over The Course Of Their Lifetimes. Compounding The Problem, Women Tend To Spend Less Time In The Workforce Than Men.

It Is Estimated That Raising The Retirement Age To 70 Would Cut The Shortfall By About 36%. But This Proposal Has Some Drawbacks. Women And Men Who Have Worked Jobs That Require Manual Labor All Of Their Lives May Not Physically Be Able To Do Work Until They Are 70 Years Old.