http://www.buildingbridgesradio.blogspot.com/...
Building Bridges, the National Edition
with Mimi Rosenberg & Ken Nash
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Obama Budget Attack On Social Security Hangs Seniors Out To Dry
with
Bob Borosage, Co-Director, Campaign for America’s Future
The median income of people over age 65 is less than $20,000 a year.
Nearly 70 percent of the elderly rely on Social Security benefits for more
than half of their income and nearly 40 percent rely on Social Security for
more than 90 percent of their income. Meanwhile, the President pushing
the myth that Social Security and Medicare face economic collapse and
that the budget deficit imperils the fiscal solvency of the nation has
proposed a cut in the annual cost of living adjustment that will be a
substantial hit to a population ill-prepared to see a cut in its income.
Government programs like Social Security, Medicare and Medicaid are
critical to keeping seniors out of financial crisis. Now, the President
has proposed slowing the growth of Social Security benefits and lowering
the rate of increase in Social Security payments, also veterans’ benefits
and federal pensions. Obama’s budget also contains cuts to Medicare
services. All this will come at the cost of those who are already financially
at risk.
*********
President Rips Off Social Security Robbing Peter To Pay Paul
Senator Bernie Sanders and AFL-CIO President Richard Trumka protest
the President’s budget proposals which will further bend the backs of those
already shouldering the burden of the plutocracy’s financial disasters by
eroding payouts to Social Security.
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