by Paco Maribona, CSA August 16, 2014
This month Social Security celebrates 79 years, and last month Medicare celebrated 49 years, providing beneficiaries financial and medical security. Both programs help and protect individuals and grow the middle class. Before they became law, only the wealthiest could afford to retire. Thanks in large part to these programs, Americans now retire with dignity & independence not imagined several generations ago. Plus most seniors no longer face poverty.
Social Security & Medicare don't contribute to government deficits, as they are independently funded by workers and employers through their wages. Thus it's incorrect to say they need to be cut to balance the budget. Wall Street & some greedy rich would love to privatize and get their hands on these funds, but the people must protect these programs as our heritage, striving to expand services, not cut them.Read More