A Quote by Elizabeth Warren
The President's policy proposal, known as 'chained CPI,' would re-calculate the cost of living for Social Security beneficiaries. That new number won't keep up with inflation on things like food and health care -- the basics that we need to live. In short, 'chained CPI' is just a fancy way to say 'cut benefits for seniors, the permanently disabled, and orphans.'
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The CPI need not worry about the BJP, which is working for people's betterment, or its coalition. Let the CPI realise that it is part of a very weak coalition.
I think the Democrats are going to have to be willing to give up, maybe, some short-term political gain by whipping up fears on some of these things - if it's a reasonable Social Security proposal, a reasonable Medicare proposal. We've got to deal with these things. You cannot have health care devour the economy.
The fine print in the President's Social Security proposal is that all present and future workers under age 55 will have their promised retirement benefits cut.
For those of you who may be unaware, [Michael] Boskin is the economist/weasel/fraud who helped to officially distort the CPI, making it more or less worthless as a measure of inflation. The Boskin Commission... was an act of cowardice. Rather than man up and say fix this, its broken, we can't afford it.
To fix Social Security, we should first stop using the Consumer Price Index to adjust benefits for inflation. Using the C.P.I. overstates the impact of inflation and has also led to larger increases in benefits for Social Security recipients than the income gains of typical American workers.
Without Social Security benefits, more than 40 percent of Americans 65 years and older would live below the federal poverty line. Even more striking is that Social Security is the only source of retirement income for almost a quarter of elderly beneficiaries.
The problem is that because the voucher wouldn't necessarily keep up with health care inflation, it was estimated that this would cost the average senior about $6,000 a year.
As a co-founder of the Defend Social Security Caucus in the Senate, you can count on me to continue to stand up for our seniors and fight any back door efforts to cut benefits.
The national debt will have increased by approximately 50% in just eight years! We will have created a new unfunded entitlement - disability and health care benefits for the huge number of disabled veterans returning from the Iraq war.
Furthermore, we believe that health care reform, again I said at the beginning of my remarks, that we sent the three pillars that the President's economic stabilization and job creation initiatives were education and innovation - innovation begins in the classroom - clean energy and climate, addressing the climate issues in an innovative way to keep us number one and competitive in the world with the new technology, and the third, first among equals I may say, is health care, health insurance reform.
And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it.
Medicaid provides health care to our neediest citizens. While other states have had to cut Medicaid rolls and benefits already, Delaware has not. But the President's proposed budget would shift tens of millions of dollars of cost to the states, raising the real possibility of program cuts.
I'm proud to co-lead the Student Food Security Act to permanently expand college students' eligibility for nutrition assistance benefits, and help put food on the table for those who need it most.
There was a time not too long ago when American seniors were too often forced to go without food, medicine, and quality healthcare. But thanks to transformative programs like Social Security, most seniors in this country are provided the opportunity to live with the stability and peace of mind they have earned and deserve.
I guess I would say true happiness is to love and be loved. Of course, having enough money for food, shelter, health care and things like that all help, but that is more about security.
I never need to go far if I need a reminder of how important Medicare and Social Security are to Missouri's seniors. My mom, Betty Anne, is one of millions for whom these services provide a reliable safety net. Across the country, these protections are an integral part of sustaining millions of seniors' health and dignity.
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