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Social Security is an pension and insurance program launched in 1935 that provides guaranteed limited income after retirement.

In 2010, Social Security took in $807 billion ($664 billion from taxes and $117 billion from interest on loans).  It paid out $713 billion; its reserve fund grew to $2.6 trillion and will reach $4.2 trillion in 2024.1   By law, Social Security loans the reserve fund to the government; that’s why Social Security receives interest payments each year. 
See Economic Policy Institute Report

Even if Social Security’s payouts exceeded its assets in 2037, as is often claimed, income from the payroll tax would still cover 78 percent of its obligations;and the rest can easily be made up by removing the cap on wages taxed. 

Right now, no matter how much a person earns, annual wages above $110,100 are not taxed to pay in to Social Security.

Proposals to solve a non-existent crisis include:

  • Give Wall Street the billions of Social Security dollars paid with our taxes to ensure our future,

  • Cut benefits,

  • Raise the retirement age,

  • Pay lower benefits to young people,

  • Abolish the program altogether.


There is NO Social Security “problem” for the next few decades, but there is a simple solution to ensure its viability for future generations:  removing the cap would make Social Security fully solvent for the next 75 years.

About 1 in 5 people would pay in more than they do now and the median increase in taxes paid by individuals over their working lives would be a mere 3 percent. 2

1. Annual Report of Trustees, 2011

2. U.S. Senate Report of the Special Committee on Aging, 5/13/10

Sanders Roadblocks Obama's
COLA Benefits Cut

Read it here

Report on The Proposed Cuts in the Social Security Cost of Living Adjustment

Read it here

Senator Sanders and others. Forum on Social Security and Medicare.
(5/13 one hour)

AARP Video explains why we should oppose the plan to change the Social Security cost of living adjustment. 2 minutes.

(Note some web browsers will send a message about this video's being potentially unsafe. It is not unsafe.)

Send an e-mail to President Obama. Tell him not to cut Social Security Benefits.


“The reason they're going after Social Security is that's where the money is, they want to take money that isn't theirs."

“No, it's not in crisis. This is something that's perpetuated by people who don't like government. Social Security is fine.”

Senator Harry Reid

Here’s why you should join the fight to preserve and strengthen Social Security: 

Currently, Social Security:

  • covers 53 million people, including retirees (69 percent), the disabled, survivors of workers who have died, and dependents of beneficiaries (31 percent);

  • lifts 20 million people out of poverty;

  • is the major source of income for nearly 40 million older Americans—65 percent of whom get at least half their income and 20 percent of whom who get all their income from Social Security;

  • funds approximate average annual benefits of $14,000 for retirees, $13,000 for survivors, and $12,800 for the disabled out of taxes paid by 156 million Americans.

Annual Report of Trustees, 2010

Social Security Isn't Broke Slide Show

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12 minutes. Click above for full screen.

Video: Harry Reid Defends Social Security Here

Get Involved

Click below to download a petition to our elected officials, a fact sheet, and a leaflet in support of preserving and strengthening Social Security.

Email us at if you would like Word versions to edit for your organization to use. You are free to take out our name and put in yours.

Leaflet           Fact Sheet          Petition

Six Reasons Not to Raise the Retirement Age

Volunteer to work with the Three Parks Social Security Committee here

Please edit the following message and email it to New York’s U.S. Senators or your Representative using the links below. You can also call the offices of these elected officials, fax, or send a letter by regular mail to the district office (remember, mail to Washington, D.C., is delayed). You can find all the necessary contact information by clicking on the links below.

Dear ___:
I am very concerned about current attacks on Social Security. I urge you to oppose any attempts to further extend the Social Security Payroll Tax Cut, reduce Social Security benefits, increase the retirement age, privatize Social Security, or decrease benefits for today’s younger people when they become eligible. To make the system more fair and put an end to false claims that Social Security is going broke, I also call on you to remove the cap on wages over $110,100—that are now untaxed—so more money is available to strengthen and preserve Social Security today and for the future.

Your Name

Senator Schumer

Senator Gillibrand

Congressmember Rangel

Congressmember Nadler

Congressmember Maloney

Congressmember Velazquez

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Letter From Manhattan Congress Members Excellent explanation of the issues from Congress Members Nadler, Rangel and Maloney 3/21/2011

Social Security Works for New York Good statistics about Social Security in NY State

Harry Reid Defends Social Security.
Washington Post 2/16/2011

Debt Commission Seeks Social Security Cuts. NY Times 11/16/2010

S.S. Options. US Senate Committee on Aging

Social Security Trustees Report
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Poll: US for S.S. but doubts Dems

S.S. Not a Problem. Robert Reich

National Committee to Save Social Security and Medicare

Facts and Figures About Social Security
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Social Security Keeps 20 Million Out of Poverty