Obama Budget Attack On Social Security Hangs Seniors Out To Dry with Bob Borosage, Co-Director, Campaign for America's Future
The median income of people over age 65 is less than $20,000 a year. Nearly 70 percent of the elderly rely on Social Security benefits for more than half of their income and nearly 40 percent rely on Social Security for more than 90 percent of their income. Meanwhile, the Pres. pushes the myth that Social Security and Medicare face economic collapse and that the budget deficit imperils the fiscal solvency of the nation has proposed a cut in the annual cost of living adjustment that will be a substantial hit to a population ill-prepared to see a cut in its income. Government programs like Social Security, Medicare and Medicaid are critical to keeping seniors out of financial crisis. Now, the President has proposed slowing the growth of Social Security benefits and lowering the rate of increase in Social Security payments, also veterans' benefits and federal pensions. Obama's budget also contains cuts to Medicare services. All this will come at the cost of those who are already financially at risk. *************************** A Great Disappointment
Senator Bernie Sanders and AFL-CIO Pressident Richard Trumka Speak Out Against President Obama's Social Security Budget Cuts *******************
produced by Ken Nash and Mimi Rosenberg
please email us if you plan to broadcast this program - knash@igc.org
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