Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Published on Apr 12, 2013
(Washington, D.C.) -- Montana U.S. Senator Max Baucus went to bat for Montana seniors and veterans this week against a proposal in the President's budget to cut benefits by changing the way Cost of Living Adjustments or COLAs are calculated. Baucus put Treasury Secretary Jack Lew in the hot seat before his committee yesterday to testify on the proposal known as "chained CPI." Baucus called on Lew to explain how the proposed change would impact a typical senior in Montana, using the example of a grandmother in Butte.
"I'm disappointed by the President's proposal to change how cost of living adjustments are calculated for seniors and military retirees. Cutting Montana seniors' benefits without asking the wealthiest Americans to chip in to the Social Security trust fund isn't right," Baucus told the Secretary.
"As Montana AARP announced this week, Montana seniors are overwhelmingly opposed to the Chained CPI proposal in the President's budget. On behalf of Montana seniors we thank Max Baucus for standing up to protect the benefits seniors have earned. As Max said, Social Security needs to be its own conversation and should not be used for deficit reduction," said Montana State Director for AARP Bob Bartholomew.
Cost of Living Adjustments are used to ensure benefits for seniors, veterans and military retirees keep pace with the cost of groceries and other necessities. The President's proposal would cut seniors' annual benefit increases or COLAs moving forward.
Baucus is head of the committee that oversees the Social Security and Medicare program in the Senate. He made clear that any proposal to change Social Security must be used to strengthen the solvency of the program for future generations, not go toward paying down the debt at the expense of Montana seniors and veterans.
Baucus has consistently used his oversight of the Social Security and Medicare programs in Congress to protect Montana seniors, veterans and military retirees and strengthen the programs for future generations -- including leading the charge to stop privatization of social security in 2005 and blocking the Ryan Budget proposal to end Medicare replace it with a voucher program.