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“Let us also be very clear,” Sanders said. “Social Security has never contributed one dime to the federal budget deficit or the national debt. In fact, Social Security currently has a $2.6 trillion surplus that is projected to grow to $4.2 trillion in 2023. It is absurd, therefore, to be discussing Social Security within the context of deficit reduction.” Sanders’ bill would require extraordinary majorities in Congress to approve any reduction in benefits. “Congress should not be able to cut the hard-earned Social Security benefits of current or future eligible recipients without a two-thirds vote by the Senate and the House,” Sanders said.
Rep. Anthony Weiner (D-N.Y.) introduced the same measure in the House. “Social Security is an intergenerational contract that has never been broken. The GOP has pledged to attack its very foundation. This bill would arm us for the coming battle,” Weiner said.