Friday, April 5, 2013

@barackObama ’s decision to call for cuts in Social Security is a Huge Betrayal #p2 #tcot

http://www.progressive.org/obama-huge-betrayal

President Obama's reported decision to call for cuts in Social Security is a huge betrayal.

When he was running for the Presidency in 2008 and for reelection in 2012, he vowed to protect Social Security.

Now he's reneging on that vow.

It's a betrayal to elderly people on Social Security.

It's a betrayal to people with disabilities, who also will see their benefits shrink.

It's a betrayal to veterans. It "would result in significantly lower annual cost-of-living adjustments for more than 3.2 million disabled veterans," Senator Bernie Sanders has noted.

Sanders said that "more than 55 million retirees, widows, orphans, and disabled Americans" would be adversely affected by Obama's decision.

As Robert Reich points out, the current CPI already underreports the actual cost of living for people on Social Security. This is only going to make matters worse.

And it's not like people on Social Security are getting rich.

The average Social Security recipient receives around $15,000 a year, and for two-thirds of them, that's the lion's share of their total annual income. Now they'll be having to do with less.



rest http://www.progressive.org/obama-huge-betrayal

No comments:

Post a Comment