1. United States
2. N.J.
3. Letter

Subject: Concerns Regarding the Social Security and Medicare Lock-Box Act (HR 1221) Dear Representative Kean Jr., I am writing to express my concerns regarding the proposed Social Security and Medicare Lock-Box Act (HR 1221). While I appreciate the intention to protect these vital programs, I believe the bill's approach may be insufficient and could potentially create unintended negative consequences. As the text suggests, this bill aims to establish separate accounts for Social Security and Medicare Part A surpluses, restricting investment to U.S. Treasury obligations. A commission would then be created to study alternative investment strategies by October 2025. However, simply sequestering funds in restricted accounts may not provide substantive safeguards. True reform requires fortifying these programs' financial foundations through sustainable revenue sources and benefit structures aligned with current demographic realities. Exploring higher-yield, prudently managed investments may merit consideration, but not as an interim half-measure that exposes funds to future legislative whims. Instead of pursuing convoluted proposals with dubious protective value, Congress should prioritize bipartisan collaboration on comprehensive strategies to reinforce Social Security and Medicare's long-term solvency. This endeavor demands honest appraisals and shared sacrifice, not symbolic gestures that risk exacerbating funding shortfalls. I urge you to carefully consider these concerns as the bill progresses through the legislative process and advocate for comprehensive, bipartisan solutions that ensure the long-term solvency of Social Security and Medicare for current and future generations. 👍 https://dl-rapidbot.s3.us-west-2.amazonaws.com/attachments/1/4a3c/e2b4/4a3ce2b4-36d1-4e64-a811-a737885aac57.png