You don't need to be a news buff to know Washington is in another showdown.
But what's not in the news is that, with just seven days before the debt ceiling deadline, many politicians are willing to cut your benefits to make a deal.
In
front of the cameras, they're not saying much about Medicare and Social
Security cuts – but when it comes to striking a deal, we know too well
that many politicians look to use your benefits as bargaining chips.
We
need to protect Social Security and Medicare, and we have to act fast –
the White House and your members of Congress need to hear from as many
people as possible.
In
the past few years, Washington has proposed everything from raising
premiums and deductibles for Medicare to one of the biggest threats in
the current debate: passing the so-called "chained CPI," which would
reduce your Social Security cost-of-living adjustment each year.
The chained CPI might sound complicated, but it comes down to three simple facts:
- The average senior will lose thousands of dollars in benefits over a lifetime.
- The cut compounds annually, meaning your benefit checks will see bigger reductions every year, making it harder and harder for you to pay your bills.
- Social Security hasn't added a dime to the deficit, and cutting your hard-earned benefits as part of a political deal doesn't make sense – and isn't fair.
While the chained CPI can be a little confusing, one thing is not: we need to do everything we can to stop it from passing. Without your help before a bad political deal is made, this harmful Social Security cut could become law.
But that's not all – you could be paying higher premiums and copays for Medicare
if politicians in Washington cut a bad deal. As if slashing your fixed
income through chained CPI weren't enough, there are also plans on the
bargaining table that make it harder to afford the health care you rely
on.
The
president and Congress must come to an agreement in a matter of days.
Thanks for standing with us against Social Security and Medicare cuts as
a part of any political deal.
Sincerely,
Fred Griesbach
AARP Campaigns
AARP Campaigns
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