Political Quotes

“Last week, the Social Security Administration announced that there would be no cost of living adjustment to Social Security benefits next year. This news has seniors in western New York worried. The price of food, housing, and health care have increased. Without a corresponding increase in benefits, seniors will be asked to do more with less. The formula used to determine cost of living adjustments is not properly reflecting the senior economy. Seniors spend more on housing, food, and medical care and less on travel and education. That is why I support legislation to adopt a new formula, called the Consumer Price Index for the Elderly, that would give weight to price increases in housing and medical care and more accurately reflect the costs incurred by seniors. Unless Congress acts, the incomes of 60 million Americans will be effectively reduced. That would be bad for our economy and worse for the vulnerable Americans that we are here to protect. ____________________”