We hope to encourage U.S. Senators, Representatives and President Barack Obama to co-sponsor, bring to the floor, and vote to pass H.R. 5670 “The Social Security Guarantee Act of 2016.”
With the presidential campaign heating up, it’s only a matter of time before Social Security becomes a political football between the candidates, and TSCAA needs to lead on this issue. That’s why Senior Citizens must act NOW to put the heat on the partisan politicians and pull Social Security back from the brink.
H.R. 5670 is the bill Senior Americans NEED PASSED INTO LAW! Your support is urgently needed as we mount this campaign to PRESSURE the POLITICIANS, the MEDIA, the PRESIDENT and to ALERT Seniors of this bill that could lead to assuring the Social Security benefits they EARNED and were PROMISED will be there for them.
Both Clinton and Trump will butt heads over the future of Social Security. They won’t deal with the pressing issue of Social Security’s solvency out of fear of alienating any voters. Yet, for the past year, radical changes have been discussed, such as raising the retirement age and increasing taxes. But the real problem is Congress — Democrats and Republicans — who are addicted to SPENDING, no matter how much it damages Social Security. Seniors must hold Congress accountable for ignoring Social Security’s troubles — and hold the President responsible for putting Social Security on a path to solvency before his term ends.
Before another year passes, WE MUST FIGHT BACK:
That’s why we are leading a team to support H.R. 5670 – it finally does the job that Congress has failed to do:
GUARANTEE OUR SOCIAL SECURITY BENEFITS BY LAW.
Nothing has been saved to pay future Social Security benefits. Congress’ spending spree has emptied the Trust Fund. There’s nothing but IOUs in it now. And the clock is ticking. Every Congress, Democratic and Republican, has RAIDED the Trust Fund.
In 2014, Congress spent the Trust Fund dry – every available dollar. In total, $2.76 Trillion was taken from the Trust Fund.
*** FUTURE SOCIAL SECURITY BENEFIT CUTS ***
No money in the Trust Fund. Only paper IOUs. And the largest generation of retirees yet will be applying for Social Security soon. This is a disaster, thanks to Congress. With the day fast approaching when the Trust Fund will have to pay out more than it takes in, Capitol Hill will be under incredible pressure to cut benefits, raise taxes, or both. Yet Congress has REFUSED for years to act on good legislation to protect Social Security now and in the future.
BUT THERE IS NEW HOPE FOR SENIORS FROM THIS BILL: H.R. 5670 – THE SOCIAL SECURITY GUARANTEE ACT of 2016 – IT WILL MAKE OUR BENEFITS GUARANTEED BY LAW
The problem isn’t Seniors or the size of our benefits and cost of living adjustments — or even the number of those near retirement! The real problem is Congress, which has risked our benefits when they spent OUR SOCIAL SECURITY MONEY excessively instead of locking it in the Trust Fund!
PLEASE NOTE: AS OF TODAY, CONGRESS CAN CUT OR ELIMINATE YOUR SOCIAL SECURITY BENEFITS AT ANY TIME FOR ANY REASON.
Unfortunately, many Seniors don’t know that the Supreme Court has ruled that Social Security benefits are legally no different than welfare. No matter how much you need them or that you have paid special taxes for years, you have NO legal guarantee to future benefits. Seniors urgently need a binding legal guarantee for their Social Security benefits – that’s why this new legislation is so important to our future, here’s what it will do:
The Social Security Guarantee Act (H.R. 5670), if adopted, guarantees the right of individuals to receive Social Security benefits in full and with accurate, Senior American based, annual cost-of-living adjustments (COLAs). It would give all eligible recipients a benefit guarantee certificate from the Secretary of the Treasury that would require benefits to be paid to Seniors IN FULL.
Also, this bill would make annual COLAs more fair and accurate, helping older Americans keep up with the rising costs of health care, food, and utilities.
***** PLEASE KNOW THIS *****
Senior Citizens are a potent force when they raise their voices. And Senior Citizens have an historic opportunity to influence their Social Security benefits for years to come, if we can get H.R. 5670 signed into law. Please join with me urging your U.S. Senators, Representative and the President to co-sponsor, bring to the floor, and vote to pass H.R. 5670 “The Social Security Guarantee Act of 2016.”
HERE’S WHAT WE CAN DO WORKING TOGETHER:
> Collect 50,000 signatures on the Open Letter and deliver them to Capitol Hill AS SOON AS POSSIBLE.
> Contact hundreds of thousands of concerned Social Security recipients so they can know of H.R. 5670 and have an opportunity act to help protect their benefits.
Senior Citizens will pay a heavy price if the big spenders keep pushing Social Security to the brink. Many experts and elected officials are already advocating for future benefit reductions. But WE CAN STOP THEM.
The Senior Citizen Association of America – TSCAA – A special Project of NSCC