Social Security, a hot topic today - WALB.com, South Georgia News, Weather, Sports

Social Security, a hot topic today

February 3, 2005

Albany- The buzz at Aunt Fannies restaurant today was all about Social Security. 50 year old Bill Hargrobe says "I'm concerned what impact it will have on me," "I would be surprised if there's social security when I get to retirement age," agreed 41 year old Greg Giles.

Social Security was a hot topic that President Bush addressed in his state of the Union Speech last night. "We must guarantee that there is no change for those now retired or nearing retirement," stated Mr. Bush.

Recent reports show that by the year 2042, Social Security funds will be depleted. President Bush explained "The system on it's current path however, is headed towards bankruptcy."

Charles Tennille, of the Social Security office in Albany explains"You have the concept of what they call the baby boom generation of actually having more people getting ready to retire," and with Americans also living longer, that means there will not be as many people paying in to social security, as there will be taking out.

"I don't know of any one good solution," said Tennille. Finding solutions is the challenge President Bush gave to Congress last night. Giles says "I think he's very sincere in what he's trying to do," and those who are already withdrawing social security agree that younger Americans should be concerned.

William Lawson who's been withdrawing social security for nearly thirteen years says of he and his wife"If we did not receive our monthly social security check, it would make a difference in our standard of living,"

The President did say in his speech last night that people 55 and over will not be affected by a reform in Social security.

Social Security is a retirement system that has been in effect for the past 70 years.

Posted by jennifer hulsey@walb.com at 5:50 PM.

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Mitchell Co. helps cancer patient with battle

    Mitchell Co. helps cancer patient with battle

    Monday, May 21 2018 12:18 AM EDT2018-05-21 04:18:57 GMT
    This couple has been married for five years and was given bad news this year. (Source: WALB)This couple has been married for five years and was given bad news this year. (Source: WALB)
    This couple has been married for five years and was given bad news this year. (Source: WALB)This couple has been married for five years and was given bad news this year. (Source: WALB)

    Matthew Leverette, a well-known man in Mitchell County, has been in a tough battle against cancer since March. Sunday, he wanted his neighbors to know how important their support is to him when times get tough. 

    More >>

    Matthew Leverette, a well-known man in Mitchell County, has been in a tough battle against cancer since March. Sunday, he wanted his neighbors to know how important their support is to him when times get tough. 

    More >>
  • Fathers make impact with young boys for Empowerment Day

    Fathers make impact with young boys for Empowerment Day

    Sunday, May 20 2018 11:41 PM EDT2018-05-21 03:41:09 GMT
    Brainiacs 21st Century Learning hosted their first annual Father and Son Empowerment Day. (Source: WALB)Brainiacs 21st Century Learning hosted their first annual Father and Son Empowerment Day. (Source: WALB)
    Brainiacs 21st Century Learning hosted their first annual Father and Son Empowerment Day. (Source: WALB)Brainiacs 21st Century Learning hosted their first annual Father and Son Empowerment Day. (Source: WALB)

    Young boys in Albany spent Sunday learning about the importance of having a father figure in their life.

    More >>

    Young boys in Albany spent Sunday learning about the importance of having a father figure in their life.

    More >>
  • Dougherty EMA hosts active shooter training

    Dougherty EMA hosts active shooter training

    Sunday, May 20 2018 11:38 PM EDT2018-05-21 03:38:36 GMT
    Dougherty County's Emergency Management Agency along with state emergency and security officials hosted the active shooter response training. (Source: WALB)Dougherty County's Emergency Management Agency along with state emergency and security officials hosted the active shooter response training. (Source: WALB)

    After the country watched the latest school shooting unfold Friday, officials in Dougherty County hosted a training for people to learn how to respond to active shooting situations.

    More >>

    After the country watched the latest school shooting unfold Friday, officials in Dougherty County hosted a training for people to learn how to respond to active shooting situations.

    More >>
Powered by Frankly