Saturday, April 6, 2013

Today, most seniors rely on Social Security for 2/3s of their income or more. Cutting Social Security will keep many of us from paying for necessities as we age. These cuts are an even bigger threat to the disabled and veterans, who would face the COLA cut for 30, 40 years or more. For example, a severely disabled, unmarried veteran who claims Veterans Disability Compensation benefits today at age 30 would experience a cumulative cut of $60,121 by age 65 and $144,189 by age 85