Washington, D. C. – Iowa Senator Chuck Grassley says the latest estimates predict Social Security may no longer be viable by as soon as 2032 and he’s hopeful a hearing this week may yield some ideas and options to keep the program alive.
More than 530-thousand Iowa retirees are drawing Social Security, while another 72-thousand are on disability, with tens of thousands more surviving spouses and children drawing benefits. Nationwide, there are some 68-million Social Security beneficiaries. Grassley, a Republican, says the program has been threatened on many past occasions.
Grassley says he’s trying to remain optimistic this generation can make similar moves, mirroring the actions of statesmen like Reagan and O’Neill.
Grassley will take part in the Senate Budget Committee hearing on Wednesday at 9 AM Central Time called, “Social Security: A Discussion on the Facts and the Path Forward.”
