As the largest nonprofit, nonpartisan organization representing the interests of Americans age 50 and older and their families, AARP urges the budget conference committee to reject harmful cuts to Social Security and Medicare benefits for the purpose of achieving deficit reduction or as a tradeoff for scheduled sequestration cuts or other government spending. While we agree that sequestration cuts will have a growing impact on critical discretionary programs and should be revisited, we remain steadfast in our commitment to protect the earned benefits upon which millions of Americans rely daily, and we oppose cutting Medicare and Social Security benefits to replace sequestration cuts.
The public's view of Medicare doesn't match reality, according to an analysis of six polls by the New England Journal of Medicine, which says that the "wide gap in beliefs between experts on the financial state of Medicare and the public at large" could end up affecting the ongoing battle over the federal budget.
The nonpartisan Congressional Budget Office has just published its 2013 Long-Term Budget Outlook, and this year's set of predictions for the nation's balance sheet is sure to push Washington's heartburn rate up a few notches.
We knew it was coming. Still, now here, it's causing quite a stir. President Obama's new budget proposes a change in the formula for Social Security cost-of-living adjustments.
If Chained CPI is included in the President's budget proposal, as is being reported today, President Obama is laying out a clear marker that he is willing to cut Social Security and other benefits to balance the budget, which breaks a promise he made when he was elected to office. On September 6, 2008, Senator Barack Obama told AARP members: "John McCain's campaign has suggested that the best answer for the growing pressures on Social Security might be to cut cost of living adjustments or raise the retirement age.
Well, I'm sure you all saw the shocking news yesterday: President Obama and Congress are considering cutting tens of billions of dollars from Social Security and Medicare to pay the nation's bills.
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