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Pahrump Mirror
Pahrump, Nevada
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February 20, 1997     Pahrump Mirror
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February 20, 1997
 

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Pahrump Valley Gazette, Thursday, February 20, 1997 23 O 0 NI WS &amp; VIEWS Harry Reid SAFEGUARDING SOCIAL SECURITY BY U.S. SENATOR HARRY REID Everyday, we hear so much confusing -and often contradictory- information about the future of Social Security. Although the public debate sounds frightening, it simply comes down to this: Social Security is the best program in the history of the world and we have an obligation to protect it for today's retirees and to keep it solvent for future generations. LONG-TERM SOLVENCY i While there ' iS ' no immediate crisis facing the retirement system, we do have a long-term problem which must be addressed. A report released this January by the Advisory Council on Social Security includes three proposals for revamping the present system to ensure its strength for future generations. One option would invest a portion of Social Security funds in equities to be managed by the government. The other two plans promote the establishment of personal savings accounts managed by the individual worker or in conjunction with the government. While the Council's suggestions merit thorough consideration, any changes to the program should be made in concert with broader efforts to protect pensions. ....... ""E:LEGGED STOOE Social Security was never intended to be the sole source of retirement income. It was meant to be one leg of a three-legged stool with the othertwo being personal savings and pensions. I am backing legislation to prevent companies from using their employee pension funds for risky ventures. I also want to make sure that women have greater access to pensions. Congress must do everything possible to ensure the integrity of all three legs in the retirement stool. A FAIR CPI FOR SENIORS Because Social Security is affected by many different economic variables, it is important for you to know about the recent findings of the Boskin Commission. This panel was specifically created to study the Consumer Price Index (CPI), which determines Cost-of-Living Adjustments (COl,As) for government benefits. According to the Commission, the CPI overstates inflation by 1.1 percentage points a year. While many members of Congress advocate a corresponding COLA reduction, I will not support anything without first hearing the suggestions of the Bureau of Labor Statistics (BLS), the experts charged with overseeing the CPI. Any adjustments made to the CPI should be based on serious statistical analysis by the professionals at the BLS. The BLS may find that seniors have a higher cost-of-living than other segments of society due to medical needs. Any change to the CPI should be based on technical information, not politics. A BALANCED BUDGET As Congress works to cut spending, I will push for a balanced budget amendment to the Constitution that prohibits Congress from raiding Social Security to offset the deficit. Congress should not be allowed to tap into the Social Security Trust Fund to bring down the deficit. That would be the easy way out. Instead, we can accomplish this important goal with sensible cuts and fiscal responsibility. Achieving a balanced budget has always been one of my top concerns: it is important for Nevadans. Choices are tough and national priorities often seem to conflict, but it would be wrong to shortchange millions of rightful beneficiaries in order to avoid the hard choices. 105TH CONGRESS On Capitol Hill, the 105th lawmaking session has just been launched. This Congress will have a real opportunity to reach significant goals. Much of the upcoming agenda will directly impact the daffy lives of Nevada's seniors, and I pledge to be your advocate from the Senate floor as well as the Aging Committee. Look for our New and Improved Valley Did you lose your pants last time you Advertised? Our professional sales staff will find the Ad that is right for youl The Pahrump Valley Gazette 727-5583 727-5583 f Are you having problems wading through government red tape? Q /]i/& .,r.,/rq,lc/, _Simp/c <--/)/J,orr; .- 'cr'ari/:/ /7,'/rccmea/., rm) a pariet/ r' otlwr m'rpircs I Can Help! Phone 751-0307 DiAnne E. Knudsen, G.P.C. oernment c.%ocess on,'.#am Attention All Pahnmapians Realtors, Mfg Home Dealers, Etc. Do you need help Clean Hea, Duty or Light House keeping? Calll Mrs. Clean 72%1623 Reasonable Rates Free Estimates licensed & Bonded Pahrump Housesitting Services We provide housesitting services while you are away from your home. We:  Check your house Feed your animals , Water your plants Seven days a weeld Go on vacation knowing your house, peU """""" Give us a Call 751-2159 Persona/Income Taxes Pm/m Corporation Taxes Done Bookkeeping by appt. only Income taxes can be done by mail if desired Lee L Fellows 1-(702) 727.0297 Pahrump Valley Insurance Life Group Medical 727-5700 Phone & Fax Roger W. Burnley C.L.U. Is Your Business Lost In Cyberspace? The Internet can work for you when you know HOW to use it. Ph. (702} 751-0865 ,, Fax (702} 727-1606