U.S. Sen. Lindsey Graham is concerned about the condition of the Social Security system.
Graham says it’s time to make some tough decisions concerning the system in order to save it from bankruptcy. In an interview this week with Greenwood affiliate WLMA, Graham said two factors are working against the system: people are living longer and the overall workforce is dwindling numbers-wise, as baby-boomers reach retirement age.
He says adjustments have to be made in order to keep Social Security viable and solvent.
Graham, who is 56, says people his age and a little older that have outside income, have to make sacrifices as well, “Tell people in my income level, we’re going to renegotiate your Social Security benefits. You’ll get a check, but it won’t be what we promised because we can’t afford it.”
Graham says ideally he would like to see the GOP take back the White House in 2012, take the majority in the Senate and maintain control of the House in order to make some substantive changes to Social Security, Medicare, and other government programs. Graham says the bottom line dictates that whatever the composition of Congress and whoever is in the White House the gridlock must cease because decisions must be made.
AUDIO: Graham says adjustments have to be made to Social Security
Anne Eller of Greenwood affiliate WLMA contributed to the story