Speaker Boehner:
Protecting tax cuts for the rich while the middle-class suffers needs to stop. Enough is enough.
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Leave Social Security Off the Table
Max Richtman, President and CEO of the National Committee, wrote a blog on The Hill about Social Security and leaving it off the table during the “fiscal cliff” debates:
For too long, many in Washington have been obsessed with using Social Security’s revenues as the solution for a whole host of fiscal problems that have nothing to do with the Social Security program. Whether it’s cutting benefits in the name of deficit reduction (even though Social Security by law can not contribute to the debt) or diverting payroll taxes to stimulate the economy, these approaches ignore the fact that Social Security is paid for, earned by, and promised to American workers. Thankfully, the White House and many in Congress are finally acknowledging Social Security should not be used as political leverage in Washington’s version of “Let’s Make a Deal” and simply does not belong in this deficit debate. However, as long as the chained CPI and extension of the payroll tax holiday remain under consideration, Social Security is still in the political cross-hairs. (via The Hill)
The debates continue on the so-called ‘fiscal cliff’. Members of Congress recently met for a press conference to discuss the Chained CPI and how it’s a cut to Social Security.
Additionally, National Committee’s Rally Corps was there to let Congress know to keep their hands off Social Security!
Social Security needs to be off the table during these fiscal cliff debates. The Chained CPI is a CUT to Social Security.
The billion dollar national campaign to cut Social Security, Medicare and Medicaid to reduce the deficit is an example of the old political saying: “Never let a good crisis go to waste.” America doesn’t face an entitlement crisis. However, cutting benefits for middle-class and poor Americans remains the go-to solution for fiscal conservatives who see the congressionally created “fiscal cliff” as their golden opportunity to target these vital programs.
Max Richtman via USA Today.
Treasury Secretary Timothy Geithner echoed another White House message to Republicans during a string of Sunday show interviews: no Social Security talks as part of the fiscal cliff negotiations.
Max Richtman, President/CEO of the National Committee, was recently on PBS NewsHour speaking about Social Security, Medicare, and Medicaid and its relation to the so-called fiscal cliff.
Click here or the graphic to watch the interview.
1. Chained CPI is a significant benefit cut that compounds over time, hitting late old-age beneficiaries and the long-time disabled hardest. For a worker with average earnings retiring at age 65 in 2015, chained CPI would cut benefits $653 a year (3.7 percent) at age 75, $1,139 a year (6.5 percent) at age 85 and $1,611 a year (9.2 percent) at age 95.
Carney: Social Security not on the table for the fiscal cliff
There are several alternatives to cut the deficit rather than using the Chained CPI. Seniors, veterans, and middle-class rely on Social Security as a source of their income and can’t afford any cuts.
On this date in 1990, President George H.W. Bush signed the #ADA into law — making it easier for older Americans and others with #disabilities to get around at home, participate in their communities, and go to work. #ADA31