To: President Donald Trump
Don't Weaken Social Security
Mr. President,
Your apparent willingness to sacrifice Social Security by reducing future COLA increases is most disturbing. Allowing such a change will harm many middle-class people for whom you have stated you have a mandate to help. Don't do it.
Your apparent willingness to sacrifice Social Security by reducing future COLA increases is most disturbing. Allowing such a change will harm many middle-class people for whom you have stated you have a mandate to help. Don't do it.
Why is this important?
There are reports in the press suggesting that President Obama may be willing to reduce future cost of living adjustments for Social Security recipients as part of a "fiscal cliff" deal. The fact of the matter is that even the present basis for calculating adjustments does not keep up with inflation because of the disproportionate contribution of health care costs to their total expenditures. Reducing future adjustments would only make things worse.