Those premiums are automatically deducted from seniors' Social Security checks.
For seniors, Social Security has provided financial security, independence, and dignity in their retirement years.
For one out of three seniors, Social Security benefits are virtually their only source of income.
These include rebuilding the national values respecting seniors, Social Security and Medicare reform, tax code reform, and control of government overspending.
For most seniors, Social Security is their only source of retirement income, which already means they have a substandard living, with an average benefit of just under $15,000 per year, putting me well within range of the poverty line.
Social Security Works for Children Although Social Security is most often associated with retirement benefits and seniors, Social Security is also the nation's largest children's program: Nearly 1 in 8 (11.6 percent) of America's children either receive benefits directly or live in households where part of the family income is provided by Social Security.
When you look at what is happening with middle income workers' jobs and wages, when you look at housing prices, when you look at the pension system and retirement savings, this is the worst possible time from a policy perspective to be cutting seniors' Social Security incomes.
They would prefer a "grand bargain" on spending that cuts senior citizens' social security benefits.
Under the plan, medical costs would consume nearly half of the average senior's Social Security income.
"I have an opponent here who doesn't understand that government has to participate in significant ways in order for us to be able to live the way we like to," Mr. Lautenberg said, "to protect our senior citizens' Social Security when it is due, to take care to develop a prescription drug program and to educate our children".
