The Alliance continued holding events with coalition partners around Veterans Day this week, drawing attention to the fact that veterans’ benefits would be cut in multiple ways if the chained CPI cost-of-living-adjustment (COLA) formula were to be adopted.
"Raising the retirement age would inflict further hardship among a group of workers who are likely to face health and economic problems in their 60s." –Doug Hart, President, Arizona Alliance for Retired Americans
"Of all the lies and confusion that still surround the Affordable Care Act, perhaps the greatest is that it is bad for seniors." - Dave Meinell, President, Missouri Alliance for Retired Americans
"My father died when I was three. Because of Social Security (survivors) benefits, my Mom, my younger sister and I survived." – Diane Fleming, DC Alliance Member
"We fear that Congress will balance the budget on the backs of the 98 percent, which is working Montanans and retired Montanans. We simply cannot afford these devastating cuts to vital services such as Social Security, Medicare and Medicaid," –John Forkan, President, Montana Alliance for Retired Americans
"Along with national parks and Social Security, Medicare is one of the best ideas we Americans have ever devised." -Tim Cunningham, New Mexico Alliance Member
"Seniors have earned and deserve their Social Security checks, and they shouldn't have to go to Congress every 10 years and beg for the program to be renewed." –James Parent, Alliance for Retired Americans Regional Board Member
"Today's retirees paid Medicare and Social Security taxes in every paycheck we ever earned. Now that we are retired, these programs help us to be able to stay healthy and pay our bills. They are the promise we make to people who worked hard all their lives, and we need to keep that promise for today’s workers." –Tony Fransetta, President, Florida Alliance for Retired Americans
"Today's seniors want to lower the budget deficit. We do not want a large debt to be the legacy we leave to future generations, but we should not punish people who have paid Social Security taxes all their lives." –Jim Moore, President, North Carolina Alliance for Retired Americans
"Social Security should remain what it has been for 77 years – a solid, reliable way that generations of workers have been able to retire with dignity, economic security, and peace of mind." –Barbara J. Easterling, President, Alliance for Retired Americans
"The fight for Social Security and Medicare is part of a larger fight for justice and fairness"—Barbara J. Easterling, President, Alliance for Retired Americans
"The health insurance reform helps not just seniors, but also middle-class families and young Americans, who are just starting to see the benefits. Don’t let Republicans take all that away." –Don Rowen, President Emeritus, Iowa Alliance for Retired Americans
"Honoring the promise of Social Security and Medicare should not be a partisan issue. Honoring the contributions that we make throughout our working years so that we may feed and clothe ourselves, keep a roof over our heads and those of our family, there is no reason for that to be a hotly contested partisan issue." –Edward Coyle, Executive Director, Alliance for Retired Americans
"We need to make sure that people who need Social Security to make ends meet will have it, and not fall victim to ill-informed and unnecessary cuts to these vital programs."
–Barbara J. Easterling, President, Alliance for Retired Americans
The Alliance and its coalition partners are holding several events around Veterans Day to honor and thank all who served in the United States Armed Forces. The events also draw attention to the fact that veterans are affected in multiple ways by the chained CPI cost-of-living adjustment (COLA), a cut to earned benefits.
Social Security benefits will rise by 1.5% next year, one of the smallest increases ever in the program's annual cost-of-living adjustment (COLA). The increase is down from the 1.7% increase for 2013. There was no COLA increase at all in 2010 and 2011, because prices fell during the recession.
On Thursday, Senate Majority Leader Harry Reid (D-NV) ruled out the possibility that a budget conference committee convening next week will reach a “grand bargain” that would cut Social Security and Medicare, raise taxes and reduce spending.
The U.S. House and Senate passed legislation on Wednesday night to end the government shutdown and stop the country from hitting its debt ceiling. President Obama immediately signed the bill into law before a default could ensue.
On Wednesday, a letter instigated by Rep. Reid Ribble (R-WI) was signed by 51 House Republicans, urging Speaker John Boehner (R-OH) to make cuts to Social Security benefits before the debt ceiling is raised and the government is re-opened.
Scores of seniors came to the U.S. Capitol on Thursday, joined hands with Members of Congress, and formed a human chain in opposition to the Chained CPI formula and all benefit cuts to Social Security, Medicare, and Medicaid. The Congressional Progressive Caucus hosted the demonstration, as Alliance members joined with Social Security Works and other allies.
On Thursday, top House Republican leaders rejected the short-term spending plan expected to be passed by the Senate in coming days, increasing the possibility of a government shutdown next week. Asked if the House would pass the bill unchanged once it is sent from the Senate, Speaker John Boehner (R-OH) replied, “I do not see that happening.”
This week, Rep. Linda Sanchez (D-CA), introduced the Strengthening Social Security Act, H.R. 3118, in the U.S. House of Representatives. The bill would increase Social Security benefits by approximately $70 per month by modifying the formula used to calculate benefits.
A new economic study reveals income inequality between the wealthiest Americans and the rest of the population continues to increase. According to an analysis of IRS figures dating to 1913 by economists at the University of California, Berkeley, the Paris School of Economics and Oxford University, the richest 1% earned 19.3% of all household income in 2012 and the richest 10% earned 48.2%.