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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Confirms Social Security and Medicare Cuts Will Be On the Table at the "End of This Year"
The following statement was issued by Richard Fiesta, Executive Director of the Alliance for Retired Americans, regarding President Trumps acknowledgment on CNBC that he would look to cut "entitlements" if re-elected:
After a day of hobnobbing with billionaires in Davos, President Trump publicly revealed that cuts to earned Medicare and Social Security benefits will be on the table as soon as the end of this year. The cruel irony of this scene cannot be overstated.
While Davos billionaires may not understand the importance of Social Security and Medicare, millions of Americans who rely on the health and retirement benefits they have earned through a lifetime of hard work do.
Social Security and Medicare are vital for a secure retirement. Americans pay the highest prescription drug prices in the world. This burden and affording other basic necessities make it harder for retirees to make ends meet. Cutting Social Security and Medicare would be a cruel disaster.
Social Security is the only source of income for 4 in 10 older Americans. For even more retirees, Social Security provides 90% of their income. These modest earned retirement benefits average just $1,461 per month for a retired worker.
Retirees need help, not a slap in the face. We should be working to expand Social Security and increasing benefits for current and future retirees. This can be accomplished by making the wealthiest Americans pay their fair share by lifting the arbitrary payroll tax cap.
We can strengthen and expand Medicare by finally reining in high drug prices, which are the biggest driver of Medicare costs. H.R. 3, the Lower Drug Costs Now Act passed by the House of Representatives last year, would save taxpayers billions of dollars, cap out of pocket drug spending at $2,000 per year for retirees and add hearing, dental and vision benefits to Medicare.
The 4.4. million members of the Alliance for Retired Americans will make sure all retirees know what the president said today before they vote in November.
dalton99a
(81,404 posts)gratuitous
(82,849 posts)Billionaires need more money. It's time for the greedy geezers to share some of the pain. Why, did you know that some retirees actually live in houses with refrigerators and microwaves? It's rumored that some of them may even have a high definition TV! Obviously when you're living that high on the hog, you can stand a few cuts here and there in your standard of living.
hlthe2b
(102,128 posts)the ONE all-but-assured Presidential opponent we KNOW will destroy SS and Medicare.
Lisa0825
(14,487 posts)Girard442
(6,066 posts)He could cancel Social Security and Medicare outright if he wants to. Who would stop him?
John Fante
(3,479 posts)The House would never approve cuts to Medicare and social security.
Girard442
(6,066 posts)Trump writes an executive order suspending the sending of SS checks because of an extreme financial emergency and Mnuchin (or somebody) does it. So we, what, impeach him some more?
Takket
(21,528 posts)John Fante
(3,479 posts)Not only would the EO be meaningless, the ads against Trump and the Republicans would write themselves.
Wellstone ruled
(34,661 posts)third rail of never getting reelected as well as every Rethug.
Noticed in his daily stand up piece. Hey had Mnuchin and Kudlow at his side. Kudlow used to be a major cheerleader of trashing SS and any-other Social Program.
Go go Orange Anus,go for it.
sakabatou
(42,136 posts)bdamomma
(63,799 posts)he is vindictive and vengeful. He would do it too.
Talitha
(6,561 posts)"End of this year"... so he's got crystal balls, huh?
smirkymonkey
(63,221 posts)last 3 months before the election. This is what will sink him.
bdamomma
(63,799 posts)Steyer and Bloomberg have enough money to have plenty of ads.
smirkymonkey
(63,221 posts)Neither of them will win, so they should submerge their egos and do something that would really be effective at getting rid of Trump and the republicans. All the republicans want to kill SS and Medicare, it's not only Trump, but if he wins, it will most certainly become a reality.
Liberal In Texas
(13,532 posts)Every election ad running after the convention needs to point this out. Every. Time.
irisblue
(32,929 posts)Donald J. Trump (@realDonaldTrump) Tweeted:
Democrats are going to destroy your Social Security. I have totally left it alone, as promised, and will save it!
Link to tweet
LyingLiarWhoLies