The South Carolina Republican Party recognizes that senior citizens are a growing and important segment of the population of our State. Their vitality and energy, combined with ability honed over a lifetime, contributes to the betterment of our State.
The Party urges the government and the private sector to continue to use the increasing productivity of our senior citizens not yet ready for retirement. The Party encourages senior citizens to continue participating in our workforce so that their wisdom, gained over time, can be appreciated and cherished by all.
Social Security plays a vital and strategic role in providing minimum benefits for retired and disabled working Americans and their dependents. Social Security, like all Federal Government Trust Funds, exists in name only. No money is invested in tangible assets but is spent immediately leaving behind IOU’s to future workers. With a rapidly increasing ratio of retirees to workers, the system is in jeopardy. The South Carolina Republican Party believes that government in our free society must be honest with its citizens by confronting and correcting the problems of our Social Security system.
In addition, we commend those senior citizens who through the exercise of thrift and foresight, provide for their own retirement needs. The Party also realizes that Medicare is in dire straits and is facing an uncertain future with possible bankruptcy. Republicans believe we owe it to our senior citizens to save Medicare from bankruptcy, and we owe it to our children not to saddle their futures with our debt.
With high regard for our senior citizens, the Party favors governmental actions which will result in the following:
- Providing re-entry of able retired persons into secondary employment programs
- Removing Social Security penalties for wage earning senior citizens
- Reforming Medicare to meet the Medicare trustees’ own solvency test
- Supporting cost effective methods of keeping the elderly in their homes and providing institutionalization only as a last resort
- Supporting education, research, and training in geriatrics and gerontology
- Establishing tax credits to allow family members to lovingly care for their own elderly