On the recordDecember 1, 2015
Mr. President, the clock is ticking. Exactly 1 month from today, on January 1, approximately 70 million seniors, veterans, Americans with disabilities, and others who depend on Social Security and other benefits will get their first check of the new year. For those 70 million Americans--that is 1 in 5 Americans--January 1 is supposed to be a day of relief. This is the day when the Federal Government boosts their checks just a little bit to help with the rising costs of housing, food, and medical care. But unless Congress does something right now, for just the third time since 1975, seniors and veterans won't be receiving any cost-of-living increase on January 1--not one penny more. Look at who gets left out in the cold. Two-thirds of seniors depend on Social Security for the majority of their income. For 15 million Americans, Social Security is all that stands between them and poverty, but not one of these Americans will see an extra penny next year, and millions of other Americans whose benefits are pegged to Social Security--millions who receive veterans' benefits, disability benefits, and other monthly payments--won't see an extra penny either. Times are tough, but not for everyone. Last year, the CEOs at the biggest 350 American companies received, on average, a 3.9-percent pay increase. How much money is that? Since the average CEO at one of those top 350 companies made a cool $16.3 million, a 3.9-percent raise landed them an additional half million bucks each.…





