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Dear John,
Last week the Social Security Trustees released their long overdue report that indicated Social Security will remain solvent until 2034, one year earlier than projected in last year’s report.
Media pundits and opponents of Social Security are jumping all over this news proclaiming Social Security is going bankrupt and must be cut in order to address the program’s funding shortfall. The truth is even if Congress takes NO action, Social Security could still pay 78% of benefits because of the steady flow of workers’ contributions.
But that poses a huge financial risk for the millions of retirees who depend on Social Security for most if not all of their income — and who cannot afford any cuts to their earned benefits ...
We anticipate the Trust Fund report will also be used by opponents of Social Security to resurrect Senator Mitt Romney’s (UT) dangerous "TRUST Act" which would set up a so-called “Rescue Committee” for Social Security that could propose cuts to benefits and changes to the retirement age, among other devastating proposals.
With pressure mounting to “do something” about Social Security, we simply cannot leave anything to chance.
Help us wage a winning battle to protect and strengthen Social Security by making one urgent gift today to support the National Committee’s work on your behalf!
Sincerely,
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