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Public Statements

Statement on President Obama's Budget


Location: Washington, DC

"President Obama's budget recognizes the need to invest in education and children, create good jobs, and eliminate the harsh, across-the-board cuts from sequestration. Those are necessary steps but they can't come at the expense of seniors and programs such as Social Security and Medicare.

"The idea of chained CPI originated from Speaker Boehner who pressed President Obama, during December budget talks, for chained CPI which would lower Social Security benefits. It was a bad idea then and it is a bad idea now. We should not be negotiating with those who want to take Social Security benefits hostage and seniors shouldn't be a bargaining chip. Social Security should not be considered at all in the context of deficit reduction, since it has not contributed even a dime to the deficit. It's $2.7 trillion Trust Fund guarantees full benefits until 2033, allowing plenty of time to consider proposals that don't cut benefits, like raising or scrapping the wage cap on Social Security contributions. Its time that the Republicans agree to raise revenues that put people back to work in good-paying jobs without demanding cuts to Medicare and Social Security benefits in exchange."

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