Senator Elizabeth Warren's floor speech on the retirement crisis, November 18, 2013 (video)

Congress is engaged in a battle to cut Social Security benefits, even though, for many senior citizens, Social Security is the prime, or only, source of income. It’s not clear that Democrats will stand firm against cuts—in fact, President Obama has, himself, put cuts on the table.

Here’s Senator Elizabeth Warren's floor speech on November 18, 2013.

Chained CPI has been proposed instead of cuts, but it is really just another way to cut benefits in fancier words. Social Security has nothing to do with the deficit, and Congress should keep its hands off money that people have themselves paid in. SS currently has a surplus, and simple adjustments to increase the income limit for contributions will assure its continuity indefinitely. Even without increases, it is in no immediate danger.

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