John,

In 2008, millions of seniors saw their retirement savings wiped out in the bank collapse that led to the great recession. 401ks turned to 201ks―if even that―and seniors were forced to scramble to make up for it. President Obama led Congress to pass a set of financial reforms to prevent another banking collapse and, for eight years, the system held.

Then, in 2018, Donald Trump led Congress to roll back President Obama’s reforms―and what do you know, three mid-sized banks collapsed last month, one of which needed a bailout.

Here’s the worst part: The same politicians who want to make a volatile banking system that can wipe out our 401ks also want to dismantle our Social Security system and leave seniors with no choice but to sit at the mercy of the financial sector.

Tell Congress: Restore the safeguards that Donald Trump removed to prevent another bank bailout!

As Franklin Delano Roosevelt said when he signed the Social Security Act back in 1935:

We can never insure one hundred percent of the population against one hundred percent of the hazards and vicissitudes of life, but we have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.

But just because we can’t insure one hundred percent doesn’t mean we shouldn’t try at the margins. Republican politicians who are pro-bank collapse and anti-Social Security are ultimately pro-vicissitude. That’s wild.

Over 100,000 people have already taken action to demand that Congress pass the Secure Viable Banking Act. Add your name today!

Thanks,

Michael Phelan
Social Security Works