This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Illinoisans Reject President Obama's Chained CPI Budget Proposal

Survey of Illinois Voters over 50 Shows Overwhelming Rejection of Cuts to Social Security Benefits; Illinoisans Urged to Call their Senators to say NO on Obama's Budget Deal

CHICAGO, April 8, 2013 /PRNewswire-USNewswire/ -- As a chained CPI will be an element in President Obama's budget proposal, an overwhelming majority of Illinoisans oppose this plan as well as cuts in Social Security benefits according to a state survey conducted by AARP. Nearly 9 in 10 voters strongly believe that seniors should not be affected by changes to Social Security, while over 80 percent agree that the future of Social Security should not be part of deficit-reduction discussions.

"President Obama is laying out a clear marker that he is willing to cut Social Security and other benefits to balance the budget. But Social Security is a separate, self-funded program that doesn't contribute to the deficit and shouldn't be a part of any deficit-reduction deal," said Bob Gallo, AARP Illinois State Director. "Both the House and Senate budgets rejected the idea of cutting Social Security benefits to reduce the deficit, and our survey shows that the overwhelming majority of older Americans agree Social Security should not be cut for deficit reduction."

AARP's survey of Illinois voters 50 and older showed, among other things:
  • 86% of voters 50+ say it is very important to them that Social Security benefits are not reduced for current seniors.
  • 84% opposed reducing Social Security benefits in order to reduce the deficit; in fact, 74% strongly oppose.
  • 81% agree that the future of Social Security should be considered separately from budget reduction discussions.
  • 78% oppose changing the way the cost of living adjustment is calculated for retired and disabled veterans' benefits.

AARP is urging Illinoisans to call our toll free number, 1-877-814-7890 and urge Senators Dick Durbin and Mark Kirk to say NO to Obama's budget deal.

"President Obama is reneging on a campaign promise he made back in 2008. AARP will stand up against the proposed cuts to seniors and some of the most vulnerable among us," Gallo added. "As our poll says, Americans strongly oppose cuts to the Social Security benefits they've earned, and the veterans who served our country honorably shouldn't face one, let alone the two cuts that chained CPI would inflict.  Additionally, widows, children and people with disabilities don't deserve this.  Both the House and Senate budgets rejected changes to Social Security for deficit reduction, and we urge the President to do the same."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,574.95 -23.25 -0.13%
S&P 500 2,098.35 +0.31 0.01%
NASDAQ 5,114.2040 -1.1780 -0.02%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs