Senate Majority Leader Harry Reid had a clear response this morning when asked about efforts to cut Social Security benefits, “We are not going to mess with Social Security.”
This is GREAT news for millions of Americans who rely on the promise of their earned Social Security benefits to get by. Now we need to work hard to prevent any benefit cuts to Medicaid and Medicare in the looming Fiscal Showdown.
- Social Security is more than just a retirement program. It provides important life insurance and disability insurance protection as well.
- Social Security provides a guaranteed, progressive benefit that keeps up with increases in the cost of living.
- Social Security provides a foundation of retirement protection for nearly every American, and its benefits are not means-tested
- Social Security benefits are modest.
- Children have an important stake in Social Security.
- Almost half of the elderly would be poor without Social Security. Social Securitylifts 14 million elderly Americans out of poverty.
- Most elderly beneficiaries rely on Social Security for the majority of their income.
- Social Security is particularly important for minorities.
- Social Security is especially beneficial for women.
- Social Security can pay full benefits through 2033 without any changes. Relatively modest changes would place the program on a sound financial footing for the next 75 years and beyond.