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6 Ways the Grand 'Bargain' Could Hurt People Through Social Security and Medicare Benefit Cuts

6 Ways the Grand 'Bargain' Could Hurt People Through Social Security and Medicare Benefit Cuts

Since the House Republicans have taken America's families hostage in the government shutdown, it's starting to become clear what the end game is: cutting Social Security and Medicare benefits for everyday people in a "grand bargain" that's not so grand for the 99%. 

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Progressives and Working Families Rally Against 'Chained' CPI and Other Safety Net Cuts

While the country remains shut down because of irresponsible Republican hostage-taking, progressive members of Congress and working families are looking ahead to fight against any proposed grand "bargain" that would include benefit cuts to Social Security, Medicaid or Medicare. Members of the Congressional Progressive Caucus spoke Thursday before working families and allies, specifically rejecting any such cuts.

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Trumka Says Wall St. Has Not Been Asked to Contribute a Dime in the Name of 'Shared Sacrifice,' Revenue Neutral Tax Reform Is 'Offensive'

Photo by Kevin Dooley/Flickr

AFL-CIO President Richard Trumka called on corporate America today to pay its fair share, saying, "At a time when the 1% have demanded so much sacrifice from working people in the name of deficit reduction, we must ask something of big corporations. That means “revenue positive” corporate tax reform that raises significant amounts of new tax revenue."

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Indiana Working Families Win Dramatic Improvements In Workers' Compensation Insurance

Photo of Nancy Guyott courtesy Indiana AFL-CIO

The Indiana State AFL-CIO fought for and won dramatic improvements in the workers' compensation system this year. Over the next three years, several major increases in benefits and new workers' rights will be phased in. This will mitigate the effect of workplace injuries on those hurt on the job and their families in the Hoosier State, the Indiana State AFL-CIO reports.

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Mainstream Media Really Like the Idea of Cutting Your Social Security Benefits

Photo by the National Committee to Preserve Social Security and Medicare

Sick and tired of hearing and reading news stories about the pressing need to cut your earned Social Security benefits? So are we. Media Matters shed some light on this fatigue by pointing out a whopping 68% of media coverage on Social Security in the first six months of this year focused on cutting, not strengthening, benefits. 

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The New 'Realities' Dictate a New Direction

This week, the Center for American Progress (CAP), a think-tank closely associated with President Obama’s Administration since it was the home of many key White House officials like Gene Sperling and Melody Barnes, changed course on backing a “grand bargain” with Republicans on cutting Social Security and Medicare benefits and raising taxes on high income earners to balance the budget in the long run. After taking a position favoring a debate on shrinking government back in 2009, CAP now sees four years later, that the job crisis remains while the federal deficit and the size of government has plummeted.  But, let’s hope this change in heart has a similar effect on the Obama administration.

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Everyone Deserves to Retire in Dignity: Let's Strengthen Social Security and Medicare

Photo via National Committee to Preserve Social Security and Medicare (NCPSSM)

Here's a stat that might surprise you: Nearly half of our nation's 41 million seniors are economically vulnerable, meaning their income is less than two times the supplemental poverty threshold.

Benefit cuts to Social Security and Medicare would severely impact these seniors' ability to afford health care, food and other basic living necessities, according to a new Economic Policy Institute study.

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