From the Coalition on Human Needs (http://www.chn.org):
Right now, the average family is spending an extra $460 out of pocket each month on everything from food to gas to housing to prescription drugs.1
At the Coalition on Human Needs, we’re demanding Congress act to put more money in the pockets of working people and older Americans―and to pay for it by making the wealthy start paying more of their fair share.
Now, Senators Bernie Sanders and Elizabeth Warren, and Representative Peter DeFazio have proposed increasing Social Security benefits by $200 per month―while extending the Social Security trust fund for another 75 years.
It’s paid for by making those with incomes over $250,000 contribute more of their income into Social Security each year.
Go to https://actionnetwork.org/forms/join-bernie-sanders-elizabeth-warren-and-peter-defazio-in-support-of-expanding-social-security to read more about the Sanders, Warren, DeFazio plan to EXPAND Social Security―then sign the petition to demand Congress act!
This plan comes at a critical time. During the recent Senate hearing on Social Security expansion, Senator Lindsey Graham said that privatizing Social Security “might be part of the mix.”
Since its inception in 1935, Wall Street has been working to get its hands on our earned Social Security benefits. Thankfully, because we’ve beaten back these efforts, Social Security is stable and has made every payment in full and on time for the last 87 years.
However, if nothing is done, starting in 2035, Social Security will start paying out 90% of benefits owed. Twenty-five years later, that’ll drop to 84%.2
Wall Street and their politicians in Congress like to say that Social Security is broke. Donald Trump famously referred to it as a Ponzi scheme.3 Nothing is further from the truth.
The truth is that when the wealthy start paying their fair share, we can expand benefits for millions of Americans and extend Social Security’s $2.85 trillion trust fund for another 75 years.
Thank you for taking action today to protect our earned benefits from Wall Street and demand Congress expand Social Security benefits for millions of older Americans.
1 https://www.kcrg.com/2022/06/17/wages-are-up-inflation-causes-pay-cut/
2 https://socialsecurityworks.org/2022/06/02/the-2022-trustees-report-shows-that-protecting-and-expanding-social-security-is-fully-affordable/
3 https://www.buzzfeednews.com/article/andrewkaczynski/trump-on-social-security-in-his-2000-book-a-ponzi-scheme-we
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