February 04, 2011

Pennsylvania Retirees Laud Defeat of Social Security Cuts

For Immediate Release
December 3rd, 2010

Pennsylvania Retirees Laud Defeat of Social Security Cuts

Proposal Unfair to Retirees, Workers

The following statement was issued today by Jean Friday, President of the Pennsylvania Alliance for Retired Americans, in response to the defeat of recommendations by the leaders of the National Commission on Fiscal Reform and Responsibility.

“Pennsylvania retirees temporarily dodged a bullet when Commission members today rejected their co-chairs’ proposal to drastically cut Social Security benefits and increase the retirement age.  We should never try to balance the budget on the backs of current and future retirees, particularly when Social Security has not added, and never will add, one cent to the deficit.  Social Security taxes do not go into the Federal Treasury, and its benefits are not paid from the Federal Treasury.

“Now that the Commission has closed its doors, we hope that we can have a more honest debate on federal spending.  While it was encouraging to hear panel members acknowledge there is no link between Social Security and the deficit, it was also galling that many of the Commission members pushing draconian cuts in Social Security are also the ones leading the fight to extend tax cuts for the wealthiest Americans.  While we support the idea of an effort to reduce our Federal Budget Deficit, any effort to do so should deal only with programs and revenue that is paid to and from the Federal Treasury.

“Social Security is one of America’s greatest success stories, one that has kept generations of seniors out of poverty.  We hope that today is the beginning of a new chapter in the debate on the future of retirement in America, one that seeks to strengthen – not weaken – the economic well-being of millions of seniors who are struggling to make ends meet.

“Social Security did not create our nation’s fiscal problems, nor should it be used to fix them.  On behalf of the 300,000 members of the Pennsylvania Alliance for Retired Americans, and the 2,481,695 retirees, disabled workers, surviving spouses and children who receive Social Security in Pennsylvania, I want to thank the Commission members who had the courage to stand up for our nation’s retirees and workers.”

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