One of the mysteries of personal finance has been the disconnect between the income inequality afflicting the working public and the claims by fiscal conservatives that most people’s retirement lifestyles will be perfectly comfortable.
Recently, a congressman from Montana called people my age “The greediest generation.” For 56 years, part of every paycheck I got went into an insurance policy called Social Security. Now that I’m nearing 70, I’m not supposed to expect the insurer to honor the contract. If I don’t want to be called greedy, I’m supposed to starve without complaint so the congressman and the Trump administration can give my insurance policy to billionaires in what they call a “tax cut.”
With Senate Republican leadership pulling their healthcare bill, titled “Better Care Reconciliation Act of 2017,” scheduled for a vote before the Fourth of July recess, because they were unable find 50 votes, opponents continue their lobby against an anticipated rewrite of the unpopular Senate bill.
Many aging advocates fear that Trump’s budget proposal will fray the nation’s social safety net forcing seniors to fall into poverty.
Forty, fifty or even sixty years ago, mention the phrase “working class” and most folks understood that to mean “blue collar” laborers such as a machinist, waitress, plumber, cop, production line worker, or housekeeper.
Sign the petition telling Speaker Ryan and Senate Leader McConnell to stop the war on the working class.
This interactive timeline includes all actions taken by the 115th Congress on Social Security, Medicare, ACA, and Medicaid.
The movement in Washington to gut our most crucial social insurance programs – not only Social Security and Medicare, but Medicaid, too – amounts to nothing less than a war on the working class: people at all levels of income and employment who are counting on retirement income and health security. We in the advocacy community, empowered by workers and beneficiaries across the country, are geared up for battle.
GOP talks of of targeting our earned benefits and health care in 2018.
From the pages of his own book to the public statements made by President Trump and members of his campaign or administration, theirs is ample evidence that this administration poses a great threat to the future of the earned benefits and other tax payer funded programs that keep workers, seniors, the disabled and their families financially stable.
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