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The Latest News on Social Security and Medicare

The National Committee to Preserve Social Security and Medicare enthusiastically endorses Leslie Cockburn for Congress representing Virginia’s 5th district.  Cockburn, a filmmaker, journalist, and advocate for social change is running in the May Democratic primary for the opportunity to challenge incumbent Republican Tom Garrett. 


On behalf of the millions of members and supporters of the National Committee to Preserve Social Security and Medicare, I write to endorse your legislation, H.R. 5431, the “Social Security Administration (SSA) Accountability Act of 2018.”  The National Committee commends you for introducing this legislation, which establishes important new tools and safeguards which will strengthen substantially the ability of the Congress to exercise its oversight obligations regarding the administration of Social Security programs.


Social Security and Medicare were spared a terrible fate today when House leadership was unable to pressure 2/3 of their colleagues to vote for a Balanced Budget Amendment (BBA) to the U.S. Constitution.  The BBA would have prevented Social Security and Medicare Part A from using trust fund reserves to pay benefits for millions of Americans – including retirement, disability, and hospitalization.


House Speaker Paul Ryan’s retirement from Congress lifts a very dark cloud that has hung over older Americans for nearly two decades.  During that time, Speaker Ryan has been the Privatizer-in-Chief on Capitol Hill – advocating to turn Medicare into a voucher program and to gamble retirees’ Social Security benefits on the whims of Wall Street.


Reacting to Speaker Paul Ryan’s announced retirement, Dan Adcock reviews the history of Ryan’s attempts to privatize and cut the earned benefit programs for seniors.


On behalf of the millions of members and supporters of the National Committee to Preserve Social Security and Medicare, I am writing to urge you to vote against H. J. Res. 2, proposing a balanced budget amendment to the Constitution of the United States. 


The National Committee to Preserve Social Security and Medicare has enthusiastically endorsed Senator Bill Nelson (D-FL) for re-election in November.  The three-term Florida Senator will face Republican Governor Rick Scott, who announced his candidacy today. 


As I began to write this column, the stock market was in the midst of another sell-off, this time in response to the announced departure of Trump economic adviser Gary Cohn and fears of an impending trade war. The Dow has dropped more than 300 points (or 1.3 %) – and it’s only lunchtime. In February, wage inflation and concerns that the Fed would raise interest rates spooked the market, kicking off a month of volatility not seen since the crash of 2008, when Americans’ retirement funds lost trillions of dollars in value.


H.R. 1625, the Fiscal Year (FY) 2018 Omnibus Appropriations bill, favorably responds to a March 14 letter sent by the National Committee to House and Senate Appropriations Committee members urging them to prioritize funding for federal programs and agencies vitally important to older Americans.  H.R. 1625 passed the House on March 22nd and was approved by the Senate and signed into law by the President on March 23rd.  What follows are funding levels for these programs for the remainder of FY 2018.


In a rare victory for seniors, the passage of the FY 2018 Omnibus Appropriations bill in Congress increases funding for several programs that assist the elderly – and gives a much-needed boost to the beleaguered Social Security Administration (SSA).  SSA gets an increase of $480 million over the previous fiscal year, including $100 million for reducing the backlog in Social Security Disability Insurance hearings – which some 10,000 Americans died waiting for in 2017.

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Seniors Dodge Devastation of Balanced Budget Amendment

The Balanced Budget Amendment introduced by House Republicans went down to defeat Thursday night by a vote of 233-184, falling fall short of the 2/3 majority required to advance the measure to the Senate. The amendment’s demise was a relief for our nation’s seniors, because it threatened the earned benefits they have contributed to during their entire working lives.

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