Rep. Ryan Announces New Social Security Solvency Bill in Newburgh

Published on August 16, 2024

Congressman Pat Ryan (D-N.Y.) arrived in Newburgh on Aug. 15 to announce a new bill to address the looming bankruptcy of Social Security funds. According to a May report by the Social Security Board of Trustees, two primary Social Security funds serving seniors, survivors, and disabled people are predicted to go broke in 2035. “There is going to be a debate—and it has to come very soon—about how we bring more revenue into the system,” Ryan told reporters in front of the Newburgh Armory Unity Center, adding that his solution is in line with that of President Joe Biden. “The heart of our proposal is that—from both a high-level value perspective and a dollars-and-cents perspective—any solution cannot make folks already struggling [pay more],” he said....

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