U.S. Representative Marsha Blackburn (R-TN-07) accepts the Senior Lifesaver Award from National Seniors Council (NSC) executive Carole Rhodes (right) in the Congressman’s Capitol Hill office on July 29, 2015, in Washington, D.C. NSC bestowed the award on behalf of its 121,316 supporters nationwide, in appreciation for the Congressman’s introduction of H.R. 603, legislation that would preserve the Social Security system for more than 38 million Senior Citizens.
The National Seniors Council, on behalf of its 121,136 members and supporters, presented Congressman Marsha Blackburn with the coveted Senior Lifesaver Award for her introduction of H.R. 603, the Savings for Seniors Act of 2015.
“The federal government and Congress must stop spending your money from the Social Security Trust Funds,” states Congressman Blackburn. “The federal government takes right of first refusal on your pay check. You should get your money with interest back. We must protect our promise to America’s seniors and near seniors,” continued Congressman Blackburn. “I am thankful for the good work done by the National Seniors Council to fulfill that promise and am humbled to receive this honor.”
The Savings for Seniors Act of 2015 would form a commission composed of members from minority and majority parties in both the Senate and the House of Representatives with extensive experience and training in financial investment and pension benefits. This commission will be tasked with deciphering the best use for the excess money left in the Social Security Trust Fund, leaving the excess Social Security funds to experts who are well versed in this field.
“It was truly a pleasure to sit down with Congressman Blackburn and discuss her legislation aimed at saving Social Security for more than 38 million senior citizens in America,” says National Seniors Council executive Carole Rhodes. “Congressman Blackburn’s efforts to create a new and innovative way of protecting the future for senior citizens in all fifty states should be applauded mightily.” The National Seniors Council will continue to work actively on Capitol Hill to garner cosponsors for H.R. 603, and ultimate passage in the House of Representatives.
H.R. 603 will amend title II of the Social Security Act to establish a Social Security Surplus Protection Account in the Federal Old-Age and Survivors Insurance Trust Fund to hold the Social Security surplus, to provide the suspension of investment of amounts held in the Account until enactment of legislation providing for investment of the Trust Fund in investment vehicles other than obligations of the United States, and to establish a Social Security Investment Commission to make recommendations for alternative forms of investment of the Social Security surplus in the Trust Fund.
The National Seniors Council recently attended a hearing on the rising prices of generic drugs in America, held by the Senate Committee on Health, Education, Labor and Pensions, Subcommittee on Primary Health and Aging.
“I was really alarmed at some of the testimony we heard at this hearing,” stated National Director Rob Crone. “In some instances prices for generic drugs have risen 500% in cost,” continued Crone. “These are drugs that seniors rely on to survive, literally. It’s going to be a big issue during the 114th Congress, and I know from speaking with our members that this is a battle they want the National Seniors Council to fight on their behalf.”
The outgoing Subcommittee Chairman, Senator Bernie Sanders, chaired the hearing and was very critical of the pharmaceutical industry. A panel of drug representatives and senior citizens testified for nearly two hours over what exactly Congress can do to alleviate the financial squeeze senior citizens on Social Security are feeling.
“The first thing that has to be done about generic drugs is to mandate that generic drug makers extend rebates to Medicare if the prices rise faster than the rate of inflation,” says Crone. “Senior citizens are facing tough decisions: food and electricity, or life-saving medication.”
The Social Security Trust Fund is empty, filled only with useless IOU’s, and senior citizens that have been forced to pay into Social Security for 50-60 years are the true victims. The Social Security Trust Fund that was supposed to have saved retirement for generations of seniors has been raided by the very people that were supposed to protect it. There is only one way to truly protect Social Security and hold firm on a promise that the U.S. Government made to its citizens, which is to create a lock box for the Social Security Trust Fund.
The National Seniors Council has launched a new petition drive demanding representatives in Congress stand up and protect senior citizens. Your petition tells your representative to pledge to protect you from the war on seniors being waged by the Obama Administration.
Petitions are racing in from across the country and it is clear, seniors will not allow the Obama Administration to so brazenly attack Social Security. In order to make sure Congress is on our side, your petition is imperative. All of our supporters are called upon to do their part, sign their petitions and hold their representatives accountable.
The National Seniors Council is dedicated to protecting all that you have earned. Unfortunately, the current administration is trying to take it away from you.