A presentation on the potential impacts of various spending plans on Social Security, Medicare and more will be held at the Frisbie Senior Center in Des Plaines at 10 a.m. on Friday, March 1. Congresswoman Jan Schakowsky, Congresswoman Tammy Duckworth, Illinois Rep. Bill Foster and Max Richtman, president of the National Committee to Preserve Social Security and Medicare, the organization hosting the event, are expected to attend. Staff from Congressman Brad Schneider’s office are also expected to attend.
The presentation will break down the deficit debate issues, according to a press release about the event, the various proposals being considered in Washington, and what they mean for average Americans.
Petitions asking representatives for no cuts to social security and medicare will be distributed at the event, according to the press release.
The National Committee to Preserve Social Security and Medicare provided the following information:
Congress is now facing a trio of self inflicted Congressional "crises" which have set the stage for an assault on the benefits of millions of average Americans, including retirees, people with disabilities, survivors, and their families. Some in Washington have proposed cutting benefits by raising the retirement age for Social Security, the eligibility age for Medicare, means testing and cutting the cost of living allowance to cut the deficit.
Proposals, such as changing the current cost of living allowance formula to a stingier chained CPI, would have serious consequences for millions of Americans. The chained CPI would lead to an immediate benefit cut of $130 per year for the typical 65-year old retiree and would grow exponentially to a $1,400 cut after 30 years of retirement. It also targets VA benefits, federal, civilian and military retirement for immediate cuts.
The National Committee to Preserve Social Security and Medicare believes we do not have to threaten the economic and retirement security of millions of average American families, to get our fiscal house in order.