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SSA news set to play a big part in presidential campaigns

Most people in Los Angeles probably do their best to attempt to stay up to date on the most recent news developments throughout the country. For some, this means catching the six o'clock news on television every night. For others, a smartphone with a news app is all they need. Regardless of how they get the latest news, most of our readers have probably seen one major story developing: the beginning of the race to the presidential election in 2016.

As major candidates from both political parties begin to make official announcements that they are running for president of the United States, the current discussion should shift away from "Who's running?" to "How are they proposing to solve the nation's problems?" For millions of Americans, the one issue they are eagerly awaiting to hear about is the potential reforms to Social Security.

When the campaigns to seek election for the nation's highest public office are all underway, Social Security is likely to be a prime issue to debate. Many financial experts have been decrying the funding of the various SSA programs for years, unmovable in their belief that the obligations to benefits recipients will outstrip the funds available.

Conscious of this perceived precarious balance, presidential candidates on both sides are widely expected to approach the issue of Social Security funding at arms-length. It is one of the so-called "hot button" or "third rail" issues in politics. But, our Los Angeles readers should make no mistake: the debate over Social Security benefits of all kinds is coming.

Source: National Journal, "Social Security Reform a Potential Minefield for 2016 GOP Contenders," Dylan Scott, April 9, 2015

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