Chuck Grassley

United States Senator from Iowa





Iowans Depend on Social Security

Feb 03, 1998

Iowans Depend on Social Security

There's no doubt Iowans depend on the long-term stability of Social Security. Iowa ranks third among all states in percentage of residents over the age of 65. A full 15 percent of our state's population ? or 417,000 Iowans ? receive benefits each year from the Social Security program. And the program is projected to face serious financial challenges when the baby boomer generation begins to retire.

Next Tuesday, February 10, Sen. Chuck Grassley will conduct a hearing on the future of Social Security. He will conduct the hearing as Chairman of the Senate Special Committee on Aging. Grassley has made addressing the challenges of Social Security a top priority this year, and his is the first Congressional hearing focusing on Social Security since President Clinton elevated the topic of reform in his State of the Union speech.

The hearing next week, A Starting Point for Reform: Identifying the Goals of Social Security, will seek to create a needed consensus on what the goals of the Social Security program should be, as a necessary first step to reform. The first panel will feature the Commissioner of the Social Security Administration, Ken Apfel. The second panel will include witnesses from the American Association of Retired Persons, the United States General Accounting Office, the Advisory Council on Social Security, and former Congressman Tim Penny (D-MN).

Already this week, Grassley has sought to ensure responsible action for the long-term viability of Social Security. On Tuesday, Grassley asked Treasury Secretary Robert Rubin and White House budget director Franklin Raines to clarify the President's plans for Social Security. The officials indicated that, like Grassley, the President is opposed to using surpluses for any purpose other than paying down the national debt, and in turn helping Social Security, until the White House and Congress have agreed on a long-term plan to save Social Security.

B-roll and footage from Grassley's hearing on Social Security will be available via satellite on Tuesday, February 10. In addition, live interview time is available for individual stations. Please call me at 202/224-6197 to make arrangements or obtain more information.