Obama wants to increase Social Security benefits
A report from The Huffington Post released on Wednesday, June 1 details how President Obama has given his support for expanding Social Security benefits, provided that the budget of other components of the program won’t have to be reduced.
In a speech in Elkhart, Indiana, Obama made it clear that he expresses support for the increase of Social Security benefits via additional taxes, noting, “It’s time we finally made Social Security more generous and increased its benefits so that today’s retirees and future generations can get the dignified retirement that they’ve earned. And we can start paying for it by asking the wealthiest Americans to contribute a little bit more.”
Washington, D.C.-based Center for Global Policy Solutions president and chief executive officer, Dr. Maya Rockeymoore, welcomed this development, saying, “We applaud President Obama’s proposal to strengthen Social Security given that our nation is facing a retirement crisis with 38 million working-age households (45% of the U.S. workforce) without retirement savings of any kind and a paltry median account balance of $40,000 for those with retirement accounts in 2010.”
The attorneys at The Hankey Law Office are committed to providing compassionate and competent legal services to disabled workers seeking to file for Social Security benefits. Call our Indianapolis office today at (800) 520-3633 to discuss your application process.