Statement on President Obama’s Budget Including Social Security Cuts

Washington, DC — It has been reported by the New York Times and others that the president’s budget will definitely include the chained CPI benefit cut to Social Security and other Medicare benefit cuts. The following are statements from the founding co-directors of Social Security Works and the co-chairs of the Strengthen Social Security Campaign:

Social Security is too important to the economic security of the American people to be used as a bargaining chip. The president’s own Secretary of the Treasury and former Director of the Office of Management and Budget has written about the budget, ‘The problem is not Social Security; the problem is the mismatch between outlays and revenues in the rest of the budget.’  Applying the so-called chained CPI to Social Security cuts the benefits of every single Social Security beneficiary, now and in the future.  The very groups who worked the hardest and voted in the highest percentages to re-elect the president — working families, women, people of color, young Americans — will be the ones hurt the most by the cuts the president is reportedly including in his budget.

     -Nancy Altman, founding co-director of Social Security Works-

Evidently the president either does not  understand or does not care how critically important Social Security and Medicare are not just to seniors but to middle aged and younger workers for whom these programs are likely to be even more crucial. What he and other elites call ‘tweaks’ are deep cuts which will take away the bread and butter of seniors, people with disabilities, children who have lost parents, veterans who have served this nation and others.  He promised he would not slash benefits; he has broken his promise to the American people.

-Eric Kingson, co-chair of the Strengthen Social Security Coalition-


Social Security Works is the lead group in the Strengthen Social Security Campaign, a coalition comprised of more than 320 national and state organizations representing more than 50 million Americans from many of the nation’s leading aging, labor, disability, women’s, children, consumer, civil rights and equality organizations.
The inclusion of the chained CPI benefit cut and other Medicare benefit cuts was reported by Jackie Calmes of the New York Times in, “Obama Budget to Include Cuts to Programs in Hopes of Deal.”

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