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Vice Presidential Debate Reaction

The Good, The Bad, and the Flat-Out Wrong

October 12, 2012

“Finally, the American people were allowed a glimpse into what our Presidential tickets, represented by their Vice Presidential candidates in last night’s debate, have in mind for Social Security and Medicare.  Their differences couldn’t be starker.  However, what wasn’t said last night is the indisputable fact that Social Security is not in crisis, it’s not broke and it’s not bankrupt.  The moderator’s incorrect premise followed by the candidates’ validating responses ignored the demonstrable facts that must be the starting point for any Social Security discussion.  Social Security has $2.7 trillion in its trust fund; it will pay full benefits until 2033 and 75% of full benefits after that.  By no definition can that be considered bankrupt or in crisis. 

When it comes to Medicare, the differences have been laid out clearly—and Joe Biden is right.  The Romney/Ryan “CouponCare” plan eliminates the guarantee of Medicare and takes us back to the days when seniors were at the mercy of private insurance companies for their health care. Seniors will pay more for less and while Rep. Ryan makes claims of increased choice, his privatized Medicare plan will actually make it much harder for seniors to choose their own doctor. 

But with just two more debates and a few weeks until Election Day there’s only a short time left for candidates to finally ditch the political propaganda and mistruths and start giving it to us straight. The American people deserve the truth about Social Security and Medicare proposals which will impact the lives of millions of middle-class families for generations.” … Max Richtman, President/CEO, National Committee to Preserve Social Security and Medicare

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The National Committee, a nonprofit, nonpartisan organization acts in the interests of its membership through advocacy, education, services, grassroots efforts and the leadership of the Board of Directors and professional staff. The work of the National Committee is directed toward developing better-informed citizens and voters.

Media Inquiries to:
Pamela Causey 202-216-8378/202-236-2123
Kim Wright 202-216-8414

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Congress: Stop Squeezing the Social Security Administration

We have written extensively in this space about cuts to the Social Security Administration budget negatively impacting customer service for beneficiaries. This week, as Mary Beth Franklin reports in Investment News, the SSA announced that it would stop mailing paper statements to Social Security beneficiaries under 60 “due to serious budget constraints.” Beneficiaries over 60 who do not have an online “My Social Security” account will continue to receive paper statements (for the time being, anyway).

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