Transcripts For CSPAN2 Stephen Goss Discusses Social Securit

CSPAN2 Stephen Goss Discusses Social Securitys Sustainability August 14, 2017

Offeofficer of the academy. For those of you who were here who was here at the demystifying healthcare session this week . You will hear a little overlap. The academy itself is its 30th year of existence and 30 years ago wilbur cohen, bob myers, real legends in the area of a social insurance realized that we needed the academy for two purposes. One, to serve as a network of consisting social insurance scholars so they can support each other in advance the field. At that time 30 years ago we scoured the country and could come up with just about 100 people in this country who were legitimate social insurance scholars. Today, the academy has a thousand members so within 30 years weve had a nice growth. The second goal of the academy and this is the essence of what is today is a magnet to attract younger people and at that point the academy younger people were me. It was a fear that we boomers were not understand why we had programs like Social Security and medicare and workers comp. The founding members of the academy found about six of us and tempt us on the shoulder and said help us start this new organization and the magnet was to help attract people to this field and its a good example of the academys magnet at work. I cant thank you enough for being here. We could into a program without support in our major support is the ford foundation. Theyve done a phenomenal partner of the academy and everything the academy does is through a framework of the overriding issue of our time. Youll notice a lot of what we do is equality. Our policy work alexander brandy put this together. Lets put them together. Lets give them a round of applause. [applause] youll start hearing people give you insights into Social Security and a lot of that is the actuarial perspective and this is the lifeblood of Social Security and this is funding. Will be hearing a lot for the key to this day, in my view, is the last session where you will have a chance to put together a Social Security, longterm solvency program and youll hear a lot of the options discussed and have an opportunity to do it yourself. I recoded here last july from new york and what i love about the city is that everyone is connected. Im taking over this morning and my driver says where will i take you and i said take me to the Barbara Jordan center. Barbara jordan theres a center named after Barbara Jordan and i said yes, do you know who she was . He said i had a radio show in washington 50 years ago on a station that doesnt exist, w0 okay and i interviewed Barbara Jordan before anyone knew who she was. She hadnt been elected to congress yet. I said to myself this woman will make history in he was shocked that theres a building named after her. This is what i love about washington. Everyone is connected to someone else. A couple of things that are of a housekeeping nature, one, there is a white sheet that is the evaluation of the program and this means a lot to us. Please, before you leave, fill it out so we can assess the presentations themselves. And if you want to participate in the door price youve got to stay for the whole day, how is that for an incentive and at lunch you need to fill out a card that will make you eligible for the door price itself. Before we kick off our first panel i thought we should play a game and the game is called who said this. I will review some quotes and see if you can guess who said this. These are all a famous, political figures and if no one guesses it without a hint ill give you one hit. I was going to actually impersonate each of the people until i heard cspan was here and i said i cannot embarrass myself and my family who are glued to the tv set right now. Ready . Who said this. Should any Political Party attempt to abolish Social Security and Unemployment Insurance you would not hear of that party again in our political history. Who do you think that that . Hintz, a former president of the United States. Who said truman . Close. Former republican president. Not reagan. Dwight eisenhower. Very good. You have one. Number two. This one is not a political figure but someone i thank you know. One line i draw on how to keep Social Securitys future secure, one line i draw is on raising eligibility age for Social Security medicare. It sounds fair since people are living longer but it isnt. Lower income workers are the ones who find it hardest to keep working after 65 and they will get penalized with lower. Ill give you a hint. Its a columnist female columnist for the new york times. Numbering doubt. Gail collins. Ever heard of gail collins . Number three. Said this . I dont believe there is a red state america where people believe you should cut medicare and Social Security. Current member of the senate from a blue state and not a democrat. Bernie. Bernie sanders. Very good. Number four, listen carefully. There is a lot of room for improvement in Social Security and we owe our children the most financially sound system possible and they deserve to be protected by it. Senator, republican, a leader of the party. Mitch mcconnell. Amazing, right . Not amazing who said this . Here is what i would tell people of my generation, 40 and over, there isnt going to be Social Security. There isnt going to be it if we dont make some reforms to save the program now and take a wild guess. Got the party right. Other side of the house in congress. Senator. Iran for president. Its time to stop the raid on the Social Security trust fund. And start allowing americans to invest in Social Security taxes and personal savings accounts. Who do you think setback . You would thought it wouldve been george bush. Someone whos government today. Not paul ryan. Its all right. What was your drivers name this morning . Paul ryan . Its in the administration today. Its the Vice President of the United States, mike pence. Two more to go. I have a statement on Social Security, i consider it a breach of faith to renege on its promise, it would be a rotten thing to do. This goes back a long time. Congressman, the most powerful congressmen of his time in the early 80s. Tip oneill, who said to oneill, excellence. Heres the last one, this one and you all guess. Im going to keep Social Security without change. And instead im going to get rid of the waste, who do you think senate . Candidate donald trump, now president donald trump. The point of all this is a lot of things have been said about Social Security, a lot of it based on misconception andmyth. Thats why today weare demystifying the program so i hope you have a meaningful day , and he will start next time. [applause]. Thank you bill. Good morning everyone, thank you for coming today. I know many of the things i continue on your time and i hope you all find it satisfying. In particular like holly, i put tremendous thought into making a day that would be useful to you in fun and interactive. And we encourage you to prepare questions and the first two panels. We will start out with two panels to provide Background Information on Social Security, why its important, how its financed and we will try to leave a lot of time at the end of the session for questions so keep those in mind as we go and the rest of the day starting around 11 we will be very interactive with a discussion on your table. Presentations and debate. So it should be a fun day. My background is in social policy. I spent most of my career in europe and germany. So ive done a lot of work in international subjects but if any of you are interested, i have one colleague from japan so welcome. These setting the american system to help inform understanding of the japanese system. If any of you are interested i would be happy to give you background on that, talk with you or work with you in the future. I also want to echo those comments, to thank our staff, elliot and hes done tremendous work and ellen as well on our comps team. Thank you. We, i know that jill and janel, should be alerting you to our hashtag. The social section 17, its on the screen so its one of three, any of the questions, treat your thoughts. We want to create a lively twitter presence, to this event as well so we encourage you to participate. There are some good briefs in your packet. You might find helpful beyond today. Theres one on Social Security finances and theres another one which is highly recommended to you on called one system, two funds, preinsurance protection which gives you a holistic understanding of what social insurance is with regard to Social Security. Its not simply individual savings for retirement but its an Insurance Program where you pay in and have a variety of protections and brief, i think did a good job of explaining that so as to our panel today, idlike to welcome the panelists. First John Peterson length, im going to read their full backgrounds because i think its important for most of where you all are Young Professionals to understand how they got to where they are today and the past that they taken, the positions theyve assumed over the course of their careers. It might be interesting for you to see the different pathways available to you. So a giant s deputy of the executive director and generations united, an organization which works often. The National Membership organization focused on promoting Public Policy strategies and programs. And the policy work at generations of united which is a coordinated effort to evaluate the role of Social Security in the lives of children as well as at all. It provides direction for generations United Center on brand families, united for sport villages had by grandparents or other relatives also known as kinships and he will tell you a lot more about that during remarks. Under her leadership, legislation was passed ranging from housing to family caregiving to Child Welfare. Masters of social work, sureties university a license social worker who has worked in child protective services, refugee settlement and any other capacities for a variety of cultural backgrounds. He was a National Academy intern in 2000 so many of our interns have gone on to insurance jobs. Lisa ekman is director of Government Affairs for the National Organization of social service representatives, advocating to protect the rights and improve the Economic Security of people with disabilities focusing on the social civility Insurance Program and supplemental security programs. Healthcare and medicaid, deployment programs and Longterm Service organizations. Hes a vice chair of the board of directors of the consortium for citizens with disabilities as well as a cochair of the Disability Task force working with Social Security administration, on capitol hill for republican and democratic chairman of the Senate Health education committee. Federal contractors and nonorganizations to strengthen federal policy and programs. You can see theres a range of career path that you can take working in this field. Ive been jd, lowry from georgetown, masters of social work from university of denver and a ba in communications from northwestern, shes a member of the National Social insurance. Our third panelist is rocky, she had another event this morning and shes going to be coming in the middle of the panel because she had to finish up her previous engagement but let me introduce her, the founder, president and ceo of Global Policy solutions, a Strategy Firm and the center for Global Policy solutions, a nonprofit action organization. She started her own organization as a nonprofit and a forprofit firm on social policy field. She is dedicated to making policy work for people and their environment with more than 20 years of experience, the government and nonprofit business sectors, shes directed Successful Research for an array of nonprofit academic and corporate clients. The recipient of the honor she was named the Aspen Institute fellow. And has appeared on msnbc, npr, cnn, cspan among other media outlets. He is a member of the National Academy of black social scientists and Insight Center at experts. She holds a ba in Political Science from masking the patient from fairview and university and Political Science with an emphasis in Public Policy from bethel university. Hes a board member of the National Academy of social insurance so with that i will our panel. The morning. Its an honor to be here. As i mentioned i was a 2000 insurer and i have to say that my experience there was a big part of my operation 417 year career and in washington dc after being a social worker for a number of years and the connections that i made during my internship eally work e in terms ofbuilding connections in washington. So onto those connections. Theyre really important and its a privilege to be an alumni of this program. I am here this morning to talk about Social Security as a program for all generations and to give you a little bit of background, my organization i think will help with the context for that. Iterations united was founded in the mid1980s when there was a lot of talk about intergenerational against each other so we have here an image of an older person and a younger person back to back in 50s. The image that you have here is there is going to walk 10 spaces, turn around, shoot and the last person gets the resources. This was not an image we thought was helpful and its not reality. So at that time, generations united was founded then by the National Council on aging, a Child Welfare league of america aarp and we really say you know what . We are absolutely a Caring Society and we recognize that investments in one generation actually benefits the other and investments in the Younger Generation old or young. We all live as families and we need to advocate together and looking at ways that we can connect our communities and care for each other. With that in mind, we focus on issues that connect generations and certainly Social Security, it penalizes the program that shows our independence as a community and recognize that when we are so in together, the social fabric of our communities, we are knowing the social context that makes us healthy and strong as a country. Independence, interdependence is a good thing and we need to support and nurture that. Im going to focus on Social Security being more than a retirement program. You have a lawful more familiar with osha security as a retirement program. We had a focus on the disability component. Im going to focus on how Social Security benefits children and youth throughout its multiple components. On that note, i know that more than 6. 5 million children receive Social Security as part of their Family Income and in 2016, the Social Security administration distributed 2. 6 billion each month directly to benefit children. And in fact, more benefits to children from Social Security than any other federal program. Lets talk a little bit about the types of Social Security that benefit children and families. It is a Family Support program. He will start with the survivors which is perhaps the more obvious benefit for children. Survivors goes unmarried children who are under 18. It is the only rice life Insurance Program for the vast majority of children in the United States and protects 98 percent of children in the case where they would lose a parent. I want to tell you a little story, we are playing guessing games this morning and i want to tell you a story of a couple of successful individuals that benefited from Social Security so were going to start with franny. When freddy was a baby she lost her father who was a decorated world war ii veteran in a car accident, leaving her mother widowed work with five kids. As soon as frannys younger sister started school, her mom got a job working hours in a supermarket. Her paycheck and a smart small little

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