Politicians from both parties made campaign promises not to cut Social Security benefits for current seniors. But now, some in Washington are trying to make a last minute budget deal that would cut the Social Security cost-of-living-adjustment (COLA) by $112 billion over the next 10 years.
That’s money directly out of our pockets and the pockets of our kids and grandkids.
The proposal on the table assumes that when the cost of something you normally buy goes up, you will substitute a lower-cost item. This theory falls short since many seniors spend much of their money on prescription drugs, utilities and heath care costs that keep going up, but that don’t have a lower-cost substitute.
We deserve an open, thoughtful public discussion about how to strengthen Social Security, not a short-sighted deal that cuts our benefits to reduce the deficit.
Will you join AARP in urging Congress to reject this shortsighted change that would hurt today’s seniors and generations to come? The clock is ticking! Click here to send a message TODAY!