Billionaires like the Koch Brothers, Pete Peterson, Stanley Druckenmiller and others are leading the charge to cut Social Security, Medicare and Medicaid. If they succeed, millions of senior citizens, working families, disabled veterans and children will suffer. We must not allow that to happen.
As the founder of the Defending Social Security Caucus, please stand with me, our friends at Social Security Works and our coalition partners in demanding; “No grand bargain in exchange for cuts to Social Security, Medicare and Medicaid benefits.”
Let’s be clear. Despite right-wing rhetoric:
- Social Security is not going broke. According to the Social Security Administration, Social Security has a surplus today of $2.8 trillion and can pay out every benefit owed to every eligible person for the next 20 years.
- Social Security has not contributed to the deficit. Social Security is funded independently by FICA taxes which are paid by workers and their employers.
The
so-called chained-CPI, which recalculates how COLA’s are formulated, is
not a “modest tweak.” If the chained CPI went into effect today, a
senior aged 65 would receive $658 a year less in Social Security
benefits when he/she is 75, and $1,100 a year less at age 85. Further,
the average disabled veteran would lose tens of thousands of dollars in
benefits over his/her lifetime.
Please stand with me today and demand that Congress and the President oppose any grand bargain which cuts Social Security, Medicare and Medicaid benefits.
When one out of four U.S. corporations pay nothing in federal income taxes; when Bush’s tax breaks for the rich remain in place for many wealthy Americans; when the U.S. spends almost as much as the rest of the world combined on defense, there are much fairer and economically sound ways to address the budget than cutting programs desperately needed by the most vulnerable people in our country.
Please stand with me and Social Security Works in protecting the future of Social Security, Medicare and Medicaid benefits.
Let’s go forward together. Thanks for your continued support.
Sincerely,
Please stand with me today and demand that Congress and the President oppose any grand bargain which cuts Social Security, Medicare and Medicaid benefits.
When one out of four U.S. corporations pay nothing in federal income taxes; when Bush’s tax breaks for the rich remain in place for many wealthy Americans; when the U.S. spends almost as much as the rest of the world combined on defense, there are much fairer and economically sound ways to address the budget than cutting programs desperately needed by the most vulnerable people in our country.
Please stand with me and Social Security Works in protecting the future of Social Security, Medicare and Medicaid benefits.
Let’s go forward together. Thanks for your continued support.
Sincerely,
U.S. Senator Bernie Sanders
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