Protect Social Security
December 20, 2012
Social Security has a $2.7 trillion surplus, can pay all benefits owed to all eligible Americans for the next 21 years and, because it is funded independently, has not contributed one penny to the deficit. Bernie agrees with AARP, the National Coalition to Preserve Social Security and Medicare and virtually all seniors’ organizations that Social Security should not be part of the deficit reduction negotiations. Bernie opposes the so-called chained CPI, which would lower benefits for the typical Social Security recipient who retires at age 65 by $653 a year at age 75 and by $1,139 a year at age 85. Bernie will vigorously oppose Republicans and President Obama and anyone else who wants to balance the budget on the backs of seniors.