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Social Security at 75: Worth $270 Million for ID Each Month

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Friday, August 13, 2010   

BOISE, Idaho - Birthday cake and prizes will be shared in Idaho today at a party to mark Social Security's 75th anniversary. The program is being hailed for bringing $270 million into the state each month, and for lifting nearly half of all older Idahoans above the poverty line.

AARP Idaho is hosting the celebration, and state director Jim Wordelman says, over the years, alarms have been sounded many times about the program's solvency, yet it's always paid full benefits.

"Pensions may go away, people may go out of business, companies may fold, but Social Security has been stable for 75 years."

A recent Social Security Trustees report predicts financial difficulties in coming years as more baby boomers reach retirement age. Wordelman says adjustments should be expected, but cuts in benefits aren't what the public wants.

"We need to look at that and say, it's been a really solid program, and how do we make it even more so?"

A recent AARP survey shows 85 percent of Americans are strongly against reducing Social Security benefits as a way to cut the federal deficit. The survey is online at www.aarp.org/socialsecurity75th.





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