During the 2012 presidential campaign, Barack Obama warned Americans that they shouldn’t vote for Mitt Romney, because Romney would cut Social Security benefits. Obama pledged to defend social security, saying that “no current beneficiaries should see their basic benefits reduced, and he will not accept any approach that slashes benefits for future generations.”
Now, Barack Obama is going back on his pledge. In a budget released on Friday, the Obama Administration proposes cutting Social Security benefits.
Raul Grijalva and Keith Ellison, co-chairs of the Congressional Progressive Caucus, have released a statement slamming the decision, saying that Obama’s plan “to cut Social Security benefits could be disastrous for our economy because the recession has led more seniors to rely to Social Security for income. Cutting benefits now, when people are already struggling to make ends meet, will mean unnecessary hardship for millions of people. It is unpopular, unwise and unworkable.”