Sen. Reid holds Reno rally to celebrate 75 years of Social Security

Social Security is turning 75 years old and Senate Majority Leader Harry Reid held a rally for senior citizens in Reno Thursday to celebrate.

Social Security has been a hot topic in the race for Reid's Senate seat against Republican opponent Sharron Angle.

Angle says Reid is trying to kill Social Security by raiding its "trust fund."

Reid is reminding voters of Angle's words during before the Republican primary election. At that time, Angle said Social Security needed to be phased out. She has since softened her stance, saying instead that the program should be protected.

Reid says one way to save Social Security it to stop scaring Americans.

"Stop frightening the American people," Reid said in Reno Thursday. "Stop having people say they're going to get rid of it. Social Security is strong and powerful."

The latest Social Security Trustees report shows Social Security benefits will be exhausted in 2037, but continuing tax revenue is expected to be sufficient to pay for more than 75 percent of benefits even after the exhaustion of the trust fund.

 

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