It was just last year—an election year—when we heard so many politicians on the campaign trail pledging not to cut Social Security benefits for those who currently receive them. Apparently, that was so 2012.
Now President Obama and some other officials in Washington, DC, are backing a plan, called “chained CPI,” to reduce benefits for seniors, people with disabilities, and veterans. This is a fancy term for a terribly flawed idea. Older veterans would be hurt twice because both Social Security and veterans’ benefits would be cut. Chained CPI would make it harder to pay for the basics, such as food, heat, and medicine. It would also increase taxes for most taxpayers.
Social Security is a self-financed earned benefit. It did not cause the deficit. A recent survey of 50+ voters shows that 84 percent oppose cutting Social Security benefits. Republican, Democratic, and independent voters are divided on many issues, but we are strongly united in rejecting this idea.
Let’s send our political leaders in Washington DC a simple message: We know what you have said; now we are watching what you do.
Monroe, New Jersey