There was a press conference yesterday to announce the formation of Strengthen Social Security, a coalition of 60 groups united around the following principles:
- Social Security did not cause the federal deficit; its benefits should not be cut to reduce the deficit.
- Social Security should not be privatized in whole or in part.
- Social Security should not be means-tested.
- Congress should act in the coming few years to close Social Security’s funding gap by requiring those who are most able to afford it to pay somewhat more.
- Social Security’s retirement age, already scheduled to increase from 65 to 67, should not be raised further.
- Social Security’s benefits should not be reduced, including by changes to the COLA or the benefit formula.
- Social Security’s benefits should be increased for those who are most disadvantaged.
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