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Entitled to Know Blog - The Truth About Social Security and Medicare

Social Security: An Economic Engine That Benefits Everyone

There is no better way to help Main Street than to elect members of Congress who appreciate Social Security’s immensely positive impact on our economy – and will work hard to expand on the program’s promise.

Mention Social Security and most people immediately think of the monthly checks received by the program’s 62 million beneficiaries.  Each day we see and hear how retirement, disability and survivor benefits keep people afloat and prevent them from falling into poverty. (Nearly half of beneficiaries rely on Social Security for all or most of their income).  But that money isn’t just a lifeline to beneficiaries and their families, it’s an economic boon for their communities and the entire nation. Every year, $800 billion dollars flow to beneficiaries who spend much of their income locally. They do business at the grocery store, the pharmacy, the auto repair shop, the theater and the hairstylist. They purchase clothing, pay rent and other basic expenses – stimulating and strengthening the economy.

Larry Kudlow Re-Affirms Trump/GOP Commitment to Cutting Social Security & Medicare

In case there was any doubt that the White House and Congressional Republicans still want to cut Americans’ earned benefits, chief economic advisor Larry Kudlow just confirmed it.  Kudlow told CNBC Monday that ‘everybody’s going to look at entitlements’ next year.  This aligns with comments from National Republican Congressional Committee chair, Rep. Steve Stivers, and House Speaker Paul Ryan about the need to pay for last year’s tax cuts by ‘reforming’ Social Security and Medicare.

Senior Advocates Hopeful as Congress Elevates Cause of Expanding Social Security

Wearing their trademark yellow t-shirts, senior volunteers from the National Committee to Preserve Social Security and Medicare’s Capitol Action Team will turn out to show their support for the launch of the House and Senate’s ‘Expand Social Security’ caucuses at 10:00 a.m. on September 13 in room 403 of the Dirksen Senate office building.  Cochaired by Senators Bernie Sanders (I-VT) and Elizabeth Warren (D-MA), and Representatives John Larson (D-CT), Conor Lamb (D-PA), Debbie Dingell (D-MI), Raul Grijalva (D-AZ), and Terri Sewell (D-AL), members of the new caucuses favor expanding, not cutting, Social Security while demanding the wealthiest pay their fair share.

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