August 2nd is quickly approaching. As Congress works to hammer out a deal to cut spending and raise revenue before increasing the debt ceiling – the congressionally imposed cap on federal borrowing for government expenses – AARP would like to reiterate its strong opposition to any and all efforts to include cuts to Social Security and Medicare in such negotiations. Social Security is financed through payroll contributions from employees and their employers, separate from the rest of the federal budget, and therefore has not contributed to our nation’s deficit. … Back to Article
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