Might 26, 2023
Retired People PAC Releases Advertisements Warning Seniors About Threats to Social Safety if Congressional Republicans Refuse to Elevate the Debt Ceiling
This week, Retired People PAC, an impartial mission of the Alliance for Retired People, launched a collection of digital adverts in 10 congressional districts and Washington, DC. The adverts warn voters that Social Safety checks may very well be disrupted if Congress doesn’t increase the debt ceiling and urge them to name their Representatives.
Default could be devastating for retirees, who usually depend on mounted earnings and have financial savings which can be topic to the ebbs and flows of financial pressures. The federal authorities has greater than $90 billion in profit funds, together with Social Safety, Medicare, and Medicaid, set to exit at the start of June. If the federal government can’t ship the primary spherical of Social Safety checks out at the moment, beneficiaries who’re 88 years or older will face the most important burden. Low-income beneficiaries can even be particularly arduous hit. Late funds might create a vicious cycle that results in extra seniors residing in poverty and turning into meals insecure.
Saundra Cole, President of the Arizona Alliance, instructed the Related Press what default might imply for older People in her neighborhood: “What I’m apprehensive about is meals banks and electrical energy right here as a result of you recognize, we’ve had deaths with seniors due to the warmth,” she stated.
“Extremist Republicans are threatening to tank the financial system to demand devastating cuts to packages seniors depend on,” stated Richard Fiesta, Govt Director of the Alliance. “We can’t permit these partisan video games to proceed. Please name your member of Congress at 855-254-1564 and urge them to boost the debt restrict and oppose cuts to important companies.”