Sanders opposes Ryan’s proposal to cut Social Security benefits
United States Senator Bernard Sanders (Independent of Vermont) strongly argued that the proposal brought forward by HoR budget committee chairmain Paul Ryan (Republican of Wisconsin) to cut Social Security and veterans’ benefits is wrong, the VT Digger reported on October 7.
Ryan proposed augmenting the defense budget by re-appropriating “savings” from Social Security. These so-called savings would be grown by using a different formula to calculate the price of living, which would result in large cuts to benefits.
Sanders claimed this calculation formula inherently under counts inflation and would significantly affect both Social Security benefit recipients and disabled veterans.
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