Community members met with Virginia members of Congress to set the record straight on Social Security and made the following points:
- Social Security is not going bankrupt – it had over a $2.5 trillion surplus last year and is expected to nearly double that by 2025.
- Social Security is not just for retirees – 1 in 4 households receive benefits, including nearly 7 million children and almost half of all veterans.
- Social Security doesn't add a penny to the deficit and will provide full benefits to our seniors for 25 years – and 80% of benefits after that.
- Gradually raising the payroll tax just two percent over the next two decades would generate enough income to keep Social Security up and running for 75 years – an idea the majority of Americans support.
- We must oppose all plans to weaken or cut Social Security. This year alone, Republicans in Congress have:
- Pushed for raising the Social Security age and cutting benefits to be included in any deficit reduction;
- Pushed to privatize Social Security;
- Unveiled a plan to cut over $6 trillion from Social Security, raising the eligibility age to 70, and reducing benefits for seniors by nearly $50,000 a year each.
- Voted for a budget that cuts nearly $2 billion from the office that administers Social Security.