Presidential proposal could impact social security
Sat, 06 Apr 2013 00:19:19 GMT —
It's a program that's paid into from the time you start working until you retire.
"We work so hard when we're younger to have something when we're older. That's the only way we can make it in life," said Amelia Moreno.
But, that check she depends on every month to stay afloat is being threatened yet again.
According to the Associated Press, President Obama is looking to reduce the federal government deficit by 1.8 trillion dollars over the next ten years.
The proposal is part of a compromise to the fiscal 2014 budget by combining the President's demand for higher taxes with the Republican's desire for a reduction in entitlement programs.
This news scares Amelia Moreno.
She worries what will happen to her and her husband if social security is slashed.
Amelia, like many other Americans, depends on that monthly check.
And, rightfully so -- she's paid into the system since she started working.
National Committee to Preserve Social Security and Medicare says seniors' cost of living has increased 1.3% over the last four years.
If these cuts go through, it could affect millions of Americans who are just trying to get by.