[ Search ] [ Legislation ]
[ Home ] [ Back ] [ Bottom ]
91_HR0095
LRB9101372CBcb
1 HOUSE RESOLUTION
2 WHEREAS, Social Security is America's premier family
3 protection system, providing working families with crucial
4 income insurance in the event of the retirement, death or
5 disability of a family wage earner; and
6 WHEREAS, Social Security is the only secure source of
7 retirement income for the overwhelming majority of Americans,
8 with two in three older American households relying on Social
9 Security for half or more of their income; and
10 WHEREAS, Many of the proposals being discussed would
11 require sharp and misguided benefit cuts, including raising
12 the normal retirement age and reducing the cost of living
13 adjustments; and
14 WHEREAS, The Board of Trustees of the Federal Old-Age and
15 Survivors Insurance and Disability Insurance Trust Funds are
16 reporting that Social Security is secure and can pay full
17 benefits until 2032, with 70 to 75 percent of benefits
18 covered by expected revenues after that time; and
19 WHEREAS, Many Americans are concerned about Social
20 Security's long-term financial viability; therefore, be it
21 RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE
22 NINETY-FIRST GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that
23 (1) Congress should take steps soon to strengthen Social
24 Security so that all Americans can be assured that the
25 program will be there for them;
26 (2) Social Security should continue to provide an
27 unreduced foundation of economic security for American
28 families;
29 (3) Social Security benefits should not be subject to
30 the whims of the market, and private investment accounts
31 should never be substituted for the core defined benefits
-2- LRB9101372CBcb
1 Social Security currently provides;
2 (4) Working families should be able to count on full
3 disability and survivor protections that grow to meet the
4 needs of families, including spouses and children;
5 (5) Americans who do not spend full careers in the paid
6 workforce because they work at home caring for children or
7 other family members should not be penalized by reforms; and
8 (6) Responsible Social Security reforms must be based on
9 realistic assumptions about the economy as well as about the
10 uncertainty and risk inherent in markets; and be it further
11 RESOLVED, That suitable copies of this resolution be
12 presented to the Speaker of the United States House of
13 Representatives, the President of the United States Senate,
14 and each member of the Illinois congressional delegation.