In an effort to undermine public confidence in the future of Social Security, Senate Republicans are proposing massive cuts which will make it more difficult for Americans to access their hard-earned benefits.
Since Social Security’s inception, Wall Street has wanted to get its hands on the program. The financial industry has tried to cut and privatize our earned benefits and sow a seed of doubt about Social Security’s future―even though Social Security has built up a $2.8 trillion trust fund, can pay out 100% of benefits owed for the next 17 years and 77% of benefits after that.
Now, a $492 million cut to the Social Security Administration (SSA) has been included in the must-pass federal budget being voted on this week. The proposed cuts are on top of the billions in cuts the SSA has already experienced this decade―resulting in longer wait times at Social Security offices, long hold times when calling Social Security, and delays in millions of claims by retirees, surviving spouses and people with disabilities.
By withholding funding, Congress is making it more difficult for us to access the system we’ve paid into our entire lives.
Together we’re fighting to protect Social Security from these cynical backdoor cuts to make it more difficult to access the system we’ve paid into our entire lives.
After years of trying and failing to dismantle the Social Security system through benefit cuts, this is the new front in the battle for Social Security.
The post Senate Republicans Target Social Security Administration for Cuts appeared first on IAMAW.