Seniors: Social Security & Medicare
Social Security and Medicare are NOT entitlements; they are the insurance that you’ve paid for. Democrats must fight for our nation’s seniors. Under the guise of deficit reduction, Republicans have recklessly attacked the vital supports for our seniors.
For 85 years, Social Security has been a promise to all Americans that they would have a chance to retire with dignity after a lifetime of hard work. We have an obligation to keep that promise; to safeguard Social Security for our seniors, people with disabilities, and all Americans – today, tomorrow, and forever.
Social Security is not the cause of our budget deficits! It does not add a penny to the deficit. Even without changes, it will continue to provide full benefits for decades to come. We can and should take steps to strengthen Social Security, but those who say benefit cuts are the only way to reduce deficits are not being honest. Click here for more facts on Social Security.
Rep. Larson speaks with seniors in Manchester.
Medicare also protects seniors’ health and economic security. Medicare provides seniors with health care coverage they would not otherwise be able to afford. In Connecticut there are about 587,000 Medicare beneficiaries statewide.
Medicare has dramatically improved the quality of life for seniors. It is the largest source of health coverage in the nation. Before Medicare, one-half of America’s seniors were uninsured. Congressman Larson remains committed to strengthening Medicare, not tearing it down. Any proposal to ensure Medicare’s financial stability must preserve guaranteed benefits that have made Medicare a reliable source of care for seniors.
Rep. Larson answers a question on Medicare from a constituent in Glastonbury.
Today many Republicans are continuing their efforts to dismantle these social safety nets that they have objected to since it was created. The federal budget is about more than just dollars and cents. It is a statement of our values and priorities. They would rather cut benefits to seniors than cut subsidies to Big Oil or corporations that ship jobs overseas.
The deficit must be addressed, but it should be done in a way that is fair to all. We should not balance the budget on the backs of our nation’s seniors. Congressman Larson and other democrats will continue to work to protect and strengthen Social Security and Medicare.
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More on Seniors: Social Security & Medicare
On Monday, May 6th, I will be hosting a discussion on the future of Social Security. Social Security isn’t an entitlement, it’s the insurance you’ve paid for. It is the working American’s retirement guarantee, providing economic security for millions of Americans including seniors, people with disabilities, and children and spouses who have lost a provider. We need to enhance the program’s benefits so that no one who has worked their whole life retires into poverty.
In addition to Social Security, there are others ways you can start saving for your future. 401k individual retirement accounts and other types of IRAs are supplemental ways to begin saving for your future. The earlier you start saving into these accounts, the more you can accrue.
Financial literacy includes, not just have access to general information, but also being aware of your own personal financial information. Here are ways to improve your financial literacy and stay on top of your personal financial information: