Presidents seeks Social Security reform - WALB.com, South Georgia News, Weather, Sports

Presidents seeks Social Security reform

February 2, 2005

Albany- Vic Sullivan tuned in to listen to the President Wednesday night, along with millions of Americans.

During the day, he helps South Georgians plan their financial futures, and he knows Social Security must change.

"It has been an issue they have so easily pushed away for a generation. I mean we've seen this coming," said Sullivan, Vice President of Investments for A.G. Edwards in Albany.

The President presented options like investing some of the money in the stock market, either as a group or individually.

"If you could put it in something, like some sort of mutual fund, where it could grow for about 30 or 40 or 50 years, that's certainly an opportunity to have a higher rate of return," he said.

That's not the only plan lawmakers are looking at. Bush even mentioned raising the age at which you can start collecting social security.

"If they just raised it to 67 to 65, it would change everything. It would change the way the numbers work dramatically."

Regardless of how it's reformed, people who work in the reality of numbers know without change, the system will collapse.

"It's inevitable that change has to be made... Bush, at least, is putting the issue on the table. They can't continue to put this off."

Now, it's up to elected leaders to decide exactly how that change will be made.

posted at 11:38 p.m. by brannon.stewart@walb.com

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Cook Co. Sheriff's office investigates internet-based threat

    Cook Co. Sheriff's office investigates internet-based threat

    Saturday, February 24 2018 4:17 PM EST2018-02-24 21:17:45 GMT
    The Cook County Sheriff's Office is investigating after getting complaints about an internet-based message circulating on several social media. (Source: WALB)The Cook County Sheriff's Office is investigating after getting complaints about an internet-based message circulating on several social media. (Source: WALB)
    The Cook County Sheriff's Office have received numerous complaints in regards to an internet-based message. (Source: WALB)The Cook County Sheriff's Office have received numerous complaints in regards to an internet-based message. (Source: WALB)

    The Cook County Sheriff's Office is investigating after getting complaints about an internet-based message circulating on several social media.

    More >>

    The Cook County Sheriff's Office is investigating after getting complaints about an internet-based message circulating on several social media.

    More >>
  • APD chief responds to frequent gunfire in South Albany community

    APD chief responds to frequent gunfire in South Albany community

    Friday, February 23 2018 11:12 PM EST2018-02-24 04:12:10 GMT
    Continuous gunfire is an issue throughout the Albany. (Source: WALB)Continuous gunfire is an issue throughout the Albany. (Source: WALB)
    Continuous gunfire is an issue throughout the city. (Source: WALB)Continuous gunfire is an issue throughout the city. (Source: WALB)

    Albany's police chief responded to concerns about the nonstop gunfire happening in one South Albany neighborhood.

    More >>

    Albany's police chief responded to concerns about the nonstop gunfire happening in one South Albany neighborhood.

    More >>
  • Upgrade at Phoebe lab will help patients with irregular heartbeat

    Upgrade at Phoebe lab will help patients with irregular heartbeat

    Friday, February 23 2018 10:49 PM EST2018-02-24 03:49:58 GMT
    Upgrades at Phoebe could help people who suffer from an irregular heartbeat. (Source: WALB)Upgrades at Phoebe could help people who suffer from an irregular heartbeat. (Source: WALB)
    Upgrades at Phoebe could help people who suffer from an irregular heartbeat. (Source: WALB)Upgrades at Phoebe could help people who suffer from an irregular heartbeat. (Source: WALB)

    Phoebe Putney Hospital recently upgraded a device that will give patients with irregular heartbeats more surgical options.

    More >>

    Phoebe Putney Hospital recently upgraded a device that will give patients with irregular heartbeats more surgical options.

    More >>
Powered by Frankly