Please watch these videos regarding Social Security and then contact your Congressional Delegation and ask them to reject any proposals to cut Social Security. The speakers are two women from Seattle speaking on the importance of Social Security to people of all ages in this country.
The Bipartisan Commission on the Federal Deficit is scheduled to make its recommendations to Congress on December 1, 2010. They have, among other things, focused on gutting Social Security as a way to cut the deficit. This is disingenuous as SS legally cannot and does not contribute to the Federal Deficit.
The Commission is considering raising the retirement age to 70, with the early retirement going up to 65 (from 62). They are also considering cutting benefits. The rationale is that if SS expenditures are cut the $2.6 TRILLION SS Trust Fund will last longer and the Federal Government, which has borrowed from the SS Trust Fund will not have to pay its debts. This doesn’t cut the deficit, it just allows Congress to avoid paying its debts.