White House Deficit Talks: Will Social Security Be Affected?

Tensions flared yesterday as President Obama presented the possibility of cuts to Social Security during his deficit-reduction proposal. The President offered a plan to House and Senate leaders that will slow the ballooning cost of Social Security and reduce Medicare spending in exchange for Republican support for cuts in tax incentives.

The White House says its willing to reduce costs for major benefit programs, while the leaders are looking for a compromise package that would extend the government’s borrowing limit while also slicing trillions off future budget deficits. Democratic House Minority Leader Nancy Pelosi has promised the nation’s deficit will not be reduced on the backs of the nation’s seniors.

Republican House Speaker John A. Boehner, says deep cuts in entitlement programs are needed to bring down the deficit not tax increases.

The American Association of Retired Persons (AARP) was quick to disagree with President Obama’s decision to possibly include Social Security cuts in deficit talks.

Pamela Roshell, AARP Georgia’s Senior State Director, told us lawmakers need to take Social Security cuts off the table.

Roshell says Social Security costs are not responsible for the current $14.29 TRILLION deficit so therefore benefits should not be cut to help bring the number down.

President Obama and congressional leaders are scheduled to meet at the White House on Sunday to review various proposals. If the Administration and Congress cannot reach an agreement on the deficit by August 2, the U.S. could default of some of it’s financial obligations.

More from Jean Ross
  • Sarah

    This is money paid into the system by most people for over thirty years, and they will probably live half that time before they die before being able to withdraw what they paid in…I would like for my money to remain where I put it until i’m ready to withdraw it and I don’t want the government or rich white men playing with my money in any of their ponzi schemes…

  • Tix Ree

    lol, never fear. Obama will throw a speech at it lol.


  • maria ramos

    The President Obama will not allow any one to touch any fund of Social Security do you know the system had always said that minority do not work. So mostly of the money in Social Security was place by the white people. Know if they decided to end the payments of Social Security will hurt more the white people since they always have surveys that Spanish and Black live of Public Assistance so they will be damaged too is just a game. They know what will happen if there any stop of those check on the 3rd of August think twice.

  • Maria Ramos

    President Obama knows how to make the Republican to tango. He knows that stop the check of Social Security & medicare the people will rally worst that Casey Anthony’s case. He knows that Republican do not want to hurt his white people since they are the most affected if any reduction or end.

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