Dear Friend,
I wanted to make sure you saw this important message from Rich. President Trump has made it clear that he wants to destroy our earned benefits. And now, he is looking at using the COVID-19 pandemic as a smokescreen to slash Social Security.
The Trump administration wants people to “borrow” money from their own future Social Security benefits and then pay interest on it every year until they retire. That’s just wrong.
Millions of working Americans are struggling financially because of the coronavirus. They deserve real help, not a bad payday loan disguised as economic aid.
Sincerely,
Brendan Kelly
Director of Field Mobilization
Alliance for Retired Americans
---------- Forwarded message ----------
Date: Wednesday, May 13, 2020
Subject: Stop a Harebrained Social Security Attack
Dear Friend,
President Trump has made it crystal clear that he intends to slash Social Security. But his latest attack may just be the most dangerous scheme yet.
White House officials are considering a plan to allow people to “borrow” money during the COVID-19 pandemic -- and
pay it back with interest that will add up until they retire.
That’s not economic relief -- it’s a bad payday loan.
The wealthiest people and corporations have been given BILLIONS in tax breaks and pandemic bailouts -- but working Americans are supposed to risk their retirement income to stay afloat now? We say no way.
All Americans need help to weather this economic crisis. But working families shouldn’t be given a terrible choice between putting food on the table now or struggling to make ends meet later.
Thanks for all you do.
Sincerely,
Richard Fiesta
Executive Director
Alliance for Retired Americans
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