Community Update

Economic Impact of Social Security Benefits

In Florida: $56 Billion

While some
in Washington claim America can’t afford programs like Social Security and
Medicare, the truth is Florida simply can’t afford to lose the economic
benefits these programs provide to every community in the state. The National
Committee to Preserve Social Security and Medicare has released state-by-state
snapshots of how much revenue Social Security contributes annually to the
economy of every Congressional District in each state and US territory. 

To see how each of Florida’s congressional
districts are impacted by Social Security, NCPSSM’s Social Security Snapshots
are on-line at: http://thetruthnow.org/StateSnapshots.aspx

Families
spend $775 billion in Social Security benefits nationwide each year.  When
57 million Americans use the purchasing power of those benefits, they are
supporting local businesses and state economies with billions of dollars they
simply wouldn’t have without Social Security. Unfortunately, this economic
reality has been ignored by Washington’s well financed anti-Social Security
lobby as it continues to try and convince Congress to cut middle-class
benefits.

“You
don’t have to be an economist to understand that cutting Social Security
benefits, whether through the Chained CPI or other proposals, means less income
for families -- less money they can spend in their communities and less revenue
for businesses coast-to-coast.  Targeting families who rely on vital
programs like Social Security ignores our real economic problems in favor of a
political strategy to cut safety net programs.  Congress needs to take a
look at these state-by-state breakdowns and ask themselves, ‘Can my community
afford to lose millions of dollars from our economy? 
Can my neighbors and families afford to lose the retirement and economic
stability Social Security provides?’ Step outside Capitol Hill and the answer
is a resounding ‘No.’ “....Max Richtman, NCPSSM President/CEO

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The
National Committee, a nonprofit, nonpartisan organization acts in the interests
of its membership through advocacy, education, services, grassroots efforts and
the leadership of the Board of Directors and professional staff. The work of
the National Committee is directed toward developing better-informed citizens
and voters.

Media Inquiries to:

Brad Wright
202-216-8352/802-279-5679

Twitter: @bradwright28

   www.ncpssm.org