Alert
Close

Help Decide the Future of Aging. Join the White House’s Live Stream Tomorrow. Learn more

Highlights

Open
Military and Veterans Discount

FREE FUN!

AARP Games - Play Now!
AARP Staying Sharp: Keep Your Brain Healthy

 

You Could Choose Your Dream Vacation

Contests and
Sweeps

AARP’s Superstar
2015 Contest

Sing for a chance to win $5,000! Enter AARP’s Superstar 2015 Contest!
See official rules.

AARP Auto Buying Program

MOST POPULAR

Viewed

Elections 2010

Eye on the Issue: Federal Deficit

Our nation’s deficit is a long-term threat to our economy and the financial security of future generations, and it needs to be reduced. Congress must cut wasteful spending, but we need to make sure that any proposed solutions look at the impact on real people, not just budget numbers.

Unfortunately, the president’s bipartisan fiscal commission and others in Washington are considering cutting Social Security benefits to reduce the federal budget deficit. Social Security is a self-financed program that hasn’t contributed to the deficit and shouldn’t be targeted to reduce a deficit it did not cause. Social Security is paid for by money that workers and their employers contribute, and workers deserve to get the benefits they have earned. For decades, Congress has been borrowing from Social Security's trust funds to pay its bills. Instead of cutting Social Security to reduce the deficit, Congress needs to crack down on waste and inefficient spending in the rest of the budget, and make the tough decisions to fairly balance revenue and spending.

AARP believes that we need to reduce the deficit to protect the financial security of future generations, but that we shouldn’t do it by raiding their retirement funds. In these uncertain times, cutting Social Security benefits for our children and grandchildren will only increase their economic insecurity. AARP would strongly oppose any proposal that would unfairly target Social Security benefits to fix our nation’s deficit problem.

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

Members save on first-year membership fees to  AARP® Roadside Assistance from Allstate.

AARP Credit card from Chase

Members can earn 3% cash back on purchases with the AARP® Credit Card from Chase.

Member Benefits

Join or renew today! Members receive exclusive member benefits & affect social change.