LETTER: Hands off Social SecurityTo the Telegram: The latest attempt to subject our most vulnerable citizens to painful austerity is simply wrong.
To the Telegram:
The latest attempt to subject our most vulnerable citizens to painful austerity is simply wrong.
“Chained CPI” cost-of-living reduction would impose benefit cuts on Social Security recipients, with deeper losses over time.
Grandma doesn’t deserve blame or punishment for our current fiscal mess.
The senior-advocacy group AARP has an online calculator that allows folks to see how much money will be deducted if this scheme is implemented.
Go to www.aarp.org/whatyoulose and enter your age, plus your current benefit rate, to reveal the amount that would be lost.
A proper alternative exists.
A small sales tax on financial speculation would raise up to $350 billion, over 20 times the estimated value of chained CPI.
Seniors and their many allies demand humane policy.
Hands off Social Security.