July 30th, 2023 by WCBC Radio
Biden Nominates Former Maryland Gov. Martin O’Malley If confirmed, former Gov. Martin O’Malley will be tasked with overseeing the functioning of a program that serves around 70 million people, including retirees, disabled individuals, and children, who depend on Social Security benefits. According to the Star Democrat, President Biden praised former Gov. Martin O’Malley as a dedicated public servant with a strong commitment to making government more accessible and transparent.
During his tenure as Governor of Maryland from 2007 to 2015 and as two-term Baltimore mayor, former Gov. Martin O’Malley demonstrated his ability to enhance government efficiency and improve access to critical services for millions of people. The annual Social Security and Medicare trustees report released in March warned that the program’s trust fund could run out in approximately 10 years, leading to a scenario where the government could only pay 80% of the scheduled benefits. To ensure the long-term viability of Social Security, several options have been suggested, each carrying its own set of political controversies. These options include raising taxes, increasing the eligibility age, cutting costs, or relying more on general revenues to cover the funding gap.
As former Gov. Martin O’Malley awaits confirmation, the future of Social Security remains a critical issue, and his leadership will play a crucial role in shaping the program’s trajectory.