Some in W ashington are pushing a budget proposal that would cut Social Security benefits by $112 billion over the next 10 years. It’s called “chained CPI” - a proposal that would cut the yearly cost-of-living adjustment (COLA) for Social Security, leaving seniors struggling to keep up with the rising cost of utilities, health care and prescription drugs. As seniors get older, it would only get worse because the cuts would start now and get bigger every year. Washington should focus on finding responsible ways to address our nation’s budget challenges, not cutting Social Security to reduce the deficit. Americans have earned their benefits and they deserve a separate conversation about how to protect Social Security for today’s seniors and strengthen the program for future generations.
This January, our newly appointed Governor and a cast of new Senators and Representatives will descend on Olympia into a sea of policy and budget challenges. Before they get too distracted, let’s make sure they take note and plan for the silver tsunami on the horizon.