With Budget Deal, Seniors not out of Economic Danger for Long

October 17, 2013

For Immediate Release

Possibility Remains for a “Grand Betrayal”
on Earned Social Security, Medicare Benefits in December


The following statement was issued today by Edward F. Coyle, Executive Director of the Alliance for Retired Americans.

Washington, DC – “The agreement by the U.S. House and Senate to fund the government until January 15, and to raise the debt ceiling through February 7, is a relief for seniors. Retirees who were in a prolonged state of limbo about whether their Social Security and Medicare benefits would continue to be paid as promised are relieved that the government can re-open and continue to pay its bills.

“However, Wednesday’s agreement merely kicks the can down the road. On December 13, we will all run into a self-imposed deadline to come up with a permanent budget deal.

“There is real danger ahead of a ‘grand bargain’ that would cut seniors’ Social Security and Medicare benefits, giving us more reason to be anxious. Such a deal would more accurately be termed a ‘Grand Betrayal.’ Republicans in Congress have consistently voiced their desire to adopt the chained CPI formula change in order to cut Social Security benefits, raise the retirement age, and cut Medicare benefits by shifting significant costs back onto seniors. Other cuts are also very possible.

“Congress must stop playing games with these crucial seniors’ programs. Members of Congress have the opportunity to stand with us to protect Social Security and Medicare. The Alliance’s 4 million members and all of our community allies across the country are watching closely, and we will remember in November of 2014.”

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Contact: David Blank – 202/637-5275 or dblank@retiredamericans.org

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