Skip to main content

Retiree Leader Reacts to Possible Social Security Cuts

For Immediate Release                                                                                                                                 Contact: David Blank (202) 637-5275
July 7, 2011                                                                                                                                                    dblank@retiredamericans.org   

 

Retiree Leader Reacts to Possible Social Security Cuts

Would be Devastating for Millions of Seniors, Coyle Says


The following statement was issued today by Edward F. Coyle, Executive Director of the Alliance for Retired Americans:

“Retirees are deeply concerned by media accounts that the White House is considering cuts in Social Security as part of the ongoing debt ceiling negotiations with Congress.  The Alliance for Retired Americans would strongly oppose such a move.

“More specifically, we are troubled by an idea being floated in Washington to change a federal statistical formula to lower Cost-of-Living Adjustments (COLAs) for Social Security.  As the administration and Republican leaders have previously said, Social Security does not contribute to the budget deficit.  It would be terribly hurtful – as well as contradictory to prior White House statements – to try to balance the budget on the backs of current and future retirees.  Lowering the COLA would be devastating for millions of retirees.  According to the program’s Chief Actuary, a 75-year-old retiree’s benefits would be cut by $560 per year, while an 85-year-old would have an annual cut of $984.

“Today’s seniors want to lower the budget deficit.  They do not want a large debt to be the legacy they leave behind to their children and grandchildren.  But the fact is that Social Security has not added one penny to our deficit and has no place in any debt ceiling negotiations.

“We are deeply grateful for the clear, unequivocal stances of Harry Reid and Nancy Pelosi.  They recognize that Social Security is one of America’s greatest success stories and must remain strong for generations to come.”

Comments

Popular posts from this blog

Steelworkers Organization of Active Retirees (SOAR)

Trump To Cut Social Security

Trump’s Promise Not to Cut Social Security has been Broken by Robert Roach, Jr. President Trump’s fiscal 2018 budget is a non-starter. He has betrayed America’s seniors. In fact, $2 trillion in deficit reduction turns out to be just a math error. The budget cuts $72 billion over ten years from disability programs, including Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). Trump promised repeatedly to protect – not cut – Social Security. Yet his first budget does just that, harming millions of disabled Americans.  The Trump budget also slashes $1.4 trillion from Medicaid over 10 years. According to the Centers for Medicare & Medicaid Services (CMS), total Medicaid spending was $368 billion in 2016. Almost two-thirds of that was for seniors and people with disabilities, who rely on Medicaid for health care and long-term care. This cut is drastic and dangerous by any measurement. This budget also decimates the Community Development Block Grant, which pro…

The Ship of Fear

My Destroyer, the U.S.S. Walker, was tied up in Pearl Harbor.

The Newspaper headlines for several days along with lengthy articles told of a merchant ship, "the Pomona" that was tied up in Honolulu waiting for crew to take it to the far east. The Captain had been murdered while at sea and the crew was afraid that the murderer was still aboard. The ship finally got underway again and my memory is that it had rudder problems and had to return to port. Then, after getting underway again it had a fire on board and had to return again.

While on liberty one day in Honolulu, I stopped in at a saloon on my way back to my ship. There, I met a merchant sailor who happened to be a sailor aboard the Pomona. He offered to take me back to the ship and let me come aboard her. We did and headed for the bow of the ship where there was a lot of noise. There sitting on the deck were a number of sailors, mostly drunken, talking about their predicament.

This occurred sometime between 1961 and…