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AARP On White House Budget Proposal

Social Security benefits should not be cut to reduce the deficit; health care cost savings must be sought system-wide.

WASHINGTON, April 10, 2013 /PRNewswire-USNewswire/ --AARP Executive Vice President Nancy A. LeaMond released the following statement in reaction to President Obama's FY2014 budget proposal:

(Logo: http://photos.prnewswire.com/prnh/20070209/NYF043LOGO)

"As the President and Congress work to address the budget challenges facing our nation, AARP believes it is time for responsible solutions, not harmful proposals that would hurt older Americans and threaten the retirement security of future generations.

"AARP is deeply dismayed that President Obama would propose cutting the benefits of current and future Social Security recipients, including children, widows, veterans and people with disabilities, to reduce the deficit. Social Security is a self-financed program that doesn't contribute to the deficit, so it shouldn't be cut to reduce it.

"The so-called 'chained CPI,' included in the President's budget, would cut Social Security benefits significantly over the next ten years. It would start now, taking money from the pockets of current beneficiaries, and would grow larger over time, having the greatest impact as Americans grow older and rely more on their Social Security benefits. It would also cut additional benefits for veterans and people with disabilities, and raise taxes on most taxpayers.

"Across the political spectrum, older Americans agree with AARP's opposition to the chained CPI. In a national survey we released this week, fully 84% of voters 50+ oppose cutting Social Security benefits to reduce the deficit."

"AARP is carefully reviewing the details of the President's proposals to achieve savings in Medicare, bearing in mind that the rising cost of health care threatens people of all ages. Medicare is only one part of our health care delivery system, and it is critical that we look for innovative solutions that can hold down health care costs more broadly.

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