David Loebsack: “What I hear time and again from Iowa seniors is that their expenses are rising. They pay too much for prescriptions and…”

“What I hear time and again from Iowa seniors is that their expenses are rising. They pay too much for prescriptions and other health-related costs, transportation, and heating for their homes. To make matters worse, seniors' other retirement income has lost value in this recession. Despite this fact, there will be no COLA again for our seniors and veterans in 2011. This is simply unfair. No senior should retire into poverty after a lifetime of hard work. That is why I strongly support the Seniors Protection Act, which will provide our seniors with $250 to help defray the cost increases they are experiencing that aren't recognized by the COLA formula. I am an original cosponsor of this bill, and I have strongly advocated for its passage. I plan to vote for it today because I believe it is the right thing to do for our seniors.”