BUSH GOT CRUCIFIED FOR TRYING TO FIX THIS TWO DECADES AGO: How to avoid a Social Security cut? Lawmakers are floating ideas for what to do.
The measure that Durbin, D-Ill., and Cassidy, R-La., are pushing would not dictate an outcome, but instead set up a process for Congress to take action. It calls for the bipartisan Social Security Advisory Board to collect public input and submit draft legislation to Congress that would keep the program’s retirement trust fund solvent for at least 50 years.
The resulting bill would then be introduced by the majority leaders of the Senate and House. If they do not want to go along, any member could sponsor the bill. It would then be referred to the two committees with jurisdiction over Social Security — the Senate Finance Committee and the House Ways and Means Committee.
Both committees would have the chance to debate the bill and amend it if they wish. If not, the original bill drafted by the advisory board would be placed on the Senate and House calendars for consideration. Lawmakers could offer substitute proposals, with final votes after 100 hours of debate. Passage would require a three-fifths vote in the 100-member Senate and a simple majority in the 435-member House.
Even though the bill does not prescribe a solution for replenishing Social Security, sponsors have struggled to win support.
I get the feeling that a Congress with basically zero spending restraint has the guts needed for fixing Social Security.