Social Security

Social Security issues.

Mc Caskill-Corker CAP Act Threatens Social Security

In February of this year Senators Claire Mc caskill (D) MO. and Bob Corker (R) TEN., introduced a bill which imposes draconian fiscal discipline.The spending cuts necessary to achieve this bill's requirement of bringing the spending down to 21.5% of GDP is drastic and immoral.. As the aging population increases, spending caps on healthcare will not solve the deficit nor the healthcare crisis.Eric Wasson of The Hill states,"the bill would consider Social Security as part of the federal budget for the first time and subject to automatic cuts if overall spending is not brought down to 20.6% of GDP".Capitol Voice supports Harry Reid's claim that Social Security has not contributed at all to the national debt and therefore should not be touched.Listen to former Labor Secretary Robert Reich explain how this plan would be dangerous and very ineffective.As the time approaches to solve the nation's debt ceiling crisis, we at Capitol Voice advocate sensible deficit solutions, repealing Bush tax cuts for the wealthy,stopping oil and gas subsidies, cutting military spending,and enforcing corporate transparency in requiring American and foreign corporations to pay thier fair share of taxes. Endangering Social Security, Medicare and Medicaid is not a solution. We encourage our members to contact their representatives and tell them this CAP Act is irresponsible,immoral, and not a good solution to our nation's deficit.We at Capitol Voice encourage our members to let their representatives know that H.R.1605 and S. 245 are dangerous bills, taking away the security the American people have a right to.For the full text of the Senate bill read below.

Information based on article from The Hill,Reid Opposes McCaskill-Corker Bill Capping Spending.Author Erick Wasson

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Social Security and the New Congress

For years, Social Security has been the whipping boy of deficit reduction advocates. And, while in principal the thoughts are appealing, the target is completely wrong.

THE FACTS:

- Social Security did NOT cause the deficit and has NOT contributed one cent to the federal deficit; (note: By law, Social Security cannot contribute to the federal deficit or borrow money);

- Social Security is NOT in crisis mode. In 2010, Social Security will run a $76.7 billion surplus and its accumulated surplus will grow to $4.2 trillion by 2025;

- Social Security will stay self-financing as the recovery grows;

- Social Security provides income security for seniors and offers disability insurance when the primary breadwinner has died;

Social Security provides the majority of income for 3/5's of Americans age 65 and older

- Polls show the American public opposes cuts in Social Security;

See Bernie Sanders, Social Security

- Social Security has been and continues to be one of the most effective government programs in history with the administration spending less than one cent on each dollar.

See Young People's Guide to Social Security

One of the planks of the Deficit Commission’s failed reports was a call to raise the Social Security age to 68 by 2050 and to 69 by 2075. This proposal never saw the light-of-day, being defeated in committee by a vote of 11 to 7 last December. Conservatives and Republicans in the House of Representatives continue to threaten to vote against raising the debt ceiling as a quid-pro-quo for supporting their efforts to slash or privatize Social Security. Capitol Voice questions their rationale for wanting to take a time-tested program and placing it in the hands of a less than secure Wall Street.

Many groups and progressives feel the President may be soft on keeping Social Security as it is today. Capitol Voice has joined other groups in a campaign to strengthen Social Security and asks what is wrong with caring . . . for our parents, for our neighbors, for our seniors, and for those in need?

Capitol Voice encourages each and every caring citizen to contact their U.S. Senator and the White House and tell them NOT to cut or privatize Social Security. (If you need information on your Senators, please contact us at Capitol Voice). And, thanks for caring.

Contact Barbara Tucker at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

and memdir@capitol-voiceorg for more info

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Mc Caskill-Corker CAP Act Threatens Social Security

Social Security and the New Congress