The Hill News

The deal to raise the debt ceiling is a recipe to raid Social Security and harm the economic security of American workers and their families. We are pleased that the first set of spending cuts does not include cuts to Social Security, whose benefits are modest and whose administrative costs are less than a penny of every dollar of revenue. At the same time, we are concerned about the impact of those cuts on the economy and also at the lack of a jobs program and other spending that will put Americans back to work.

The best way to strengthen Social Security is a booming economy where high-paid workers are contributing, every pay day, to Social Security and older workers do not lose their jobs, forcing them to retire early when they would prefer to keep working.

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