Treasury Secretary Janet Yellen revealed in a Senate Finance Committee testimony that President Joe Biden lacks a plan to safeguard Social Security, using it merely as a political tool. Yellen emphasized that without action, a 24% benefit reduction for all beneficiaries is inevitable. Both Biden and Trump have positioned themselves as Social Security protectors but have not presented concrete solvency strategies. In contrast to the GOP's proposal to raise the retirement age and reduce Medicare to benefit the wealthy, President Biden advocates for safeguarding Social Security and Medicare while ensuring the wealthy contribute fairly. The GOP's FY2025 budget proposal, including raising the retirement age, is viewed as a threat to Social Security benefits, a crucial support system for retiring Americans.
Good morning. Here’s your reminder the House Republican budget proposal includes: - Raising the retirement age - Cutting Medicare - Stripping millions of their health care Oh, and a national abortion ban and limits on IVF. https://t.co/5aukJodjJZ
Raising the retirement age = cutting #SocialSecurity. The GOP's FY2025 budget once again puts Social Security benefits under attack. Social Security is a lifeline that helps hardworking Americans retire with dignity. We must protect this sacred system.
180 House Republicans just proposed a budget that would raise the Social Security retirement age and slash Medicare – all to cut taxes for the wealthy. President Biden has a different plan: protect Social Security and Medicare. And make the wealthy pay their fair share.
REMINDER: Biden has no plan for Social Security. Just ask Janet Yellen. https://t.co/h26VuCG6p2
REMINDER: Biden has no plan for Social Security. Just ask his Janet Yellen. https://t.co/h26VuCG6p2
Mr. Biden and Mr. Trump have cast themselves as protectors of Social Security, yet neither have offered a detailed plan for ensuring the program’s solvency. https://t.co/sOF4yrd60F
When asked about President Biden's "plan" to stop Social Security from going insolvent, @SecYellen said, "The President doesn't have a plan." Doing nothing GUARANTEES a 24% benefit cut for all current & future beneficiaries. This is unacceptable.
In a shocking recording of her testimony before the Senate Finance Committee, Treasury Secretary Janet Yellen admitted that Joe Biden does not have a plan to protect Social Security. Biden is only interested in using Social Security as a messaging item. https://t.co/cv4Aw8osQI https://t.co/nFAe6fyde4