The Battle For Social Security Is Not Over

Progressive organizersand blue-leaning media have been declaring victory because the Obama White House has dropped its push for using a new cost-of-living formula that would cut into future increases in monthly Social Security benefits. Articles such this detailed retelling from In These Times proclaim that Social Security was "saved,” when in fact, the formula for future Social Security benefits is unchanged, and is still insufficient for the retiring baby boom generation. Meanwhile, glee over the White House’s reversal eclipses the harsh truth that Obama’s proposed 2015 budget would raise out-of-pocket costs for 50 million seniors—saving the government $60 billion—starting in 2018 by increasing Medicare deductibles, co-pays and premiums, and adding a surcharge if people buy supplemental insurance coverage.

Sent by gReader Pro


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s