Thursday, June 07, 2018
Social Security Needs To Be Expanded - NOT Cut
The Republicans recently passed a tax cut giving most of the cuts (over 80%) to the richest Americans. That tax cut has ballooned the deficit to about a trillion dollars a year. They now want to use their own fiscal incompetence and greed to cut Social Security benefits -- even though Social Security has never added a penny to either the deficit or the national debt.
The truth is that, even though they've received some small COLA adjustments in recent years, seniors continue to see their buying power reduced by inflation (especially the out-of-control inflation of doctor, drug, and hospital costs). These are costs seniors can't avoid (and no, Medicare doesn't cover all of them).
American seniors need to see Social Security benefits expanded -- not cut. That is especially true of the millions receiving less than the average benefit. And that is something about two-thirds (66%) of Americans would support (note the chart above from a March Public Policy Polling survey).
Consider this from Social Security Works: