The Club for Growth, with its 34,000 members, plans to score a “YES” vote as a pro-economic growth vote in its annual rating of Congress on the DeMint-Crapo Amendment to “Stop the Raid on Social Security”, which is being offered on the Fiscal Year 2007 Budget Resolution (S. Con. Res. 83) in the Senate.
Social Security long-term unfunded liability is $5.7 trillion through 2080. Unless the program is reformed, either substantial benefit cuts with little warning to beneficiaries or job-killing tax increases will be the result.
If adopted, this amendment would demonstrate that Congress is serious about finally taking steps toward meaningful reform. While the amendment would not commit the Senate to any particular plan, it contains a workable framework for proceeding with modernization of Social Security so that it is fiscally sound for the future.
Our Congressional Scorecard for the 109th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.