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Biden And Democrats Are Failing America’s Seniors

Posted on Wednesday, October 26, 2022
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by Outside Contributor
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26 Comments
Social Security

By – RNC Chairwoman Ronna McDaniel

As costs for everyday goods soar and the U.S. economy spirals under Biden and Democrats, America’s seniors are getting hit especially hard. Inflation is eating up their hard-earned savings and knocking down the value of their retirement accounts. The safety net so many worked their entire lives to secure is eroding before their very eyes. Many are now in dire financial straits, yet Biden recently said, “the economy is strong as hell.”

Unfortunately, this is an irresponsible lie. It’s also a moral failure. For those who rely on a fixed income, any unplanned and added costs can be devastating – if not totally crushing. Last year, inflation cost the average American family an extra $3,500. This past September alone, with inflation at a near 40-year high, it cost the typical household an extra $728. In one instance, Dan Gallo, whose mother has dementia, said that because of inflation a new daily $25 fee had been instituted at his mom’s senior living home. He asked: “How many seniors can afford an immediate $750 a month additional to their monthly fixed budget?”

The fact is, not many. In 2021, the poverty rate for Americans over 65 increased, and nearly one million seniors fell into poverty. On top of that, over the next decade, homelessness among seniors is expected to triple. Meanwhile, the average American has $11,000 less in savings than they did last year, and millions of retirees unable to absorb the rise in cost of living have had to reenter the workforce.

Something as simple as buying groceries has become a struggle for far too many. Earlier this year, nearly half of seniors reported visiting a food pantry or applying for food stamps. It’s little wonder why. In just the last year, food prices have spiked 13%, electricity is up 15%, gasoline 18%, rent 7%, and health insurance 28%. Many seniors are making hard decisions and painful trade-offs: using cold water over hot water, consolidating trips to the grocery store, or giving up meat.

What little relief has been offered is virtually ineffective and too little too late. While 10 million Americans rely on Social Security for 90% of their income, they’ve seen a real decrease in Social Security benefits because of inflation. And a recent cost-of-living adjustment bump of 8.7% comes too little too late: many have already fallen behind and there is a 3-to-12 month lag between inflation and the cost-of-living adjustment to take effect.

Retirement accounts are also taking a massive hit in Biden’s failed economy. The average 401(k) – a key retirement investment for millions of Americans – is “down about $34,000 – more than 25% in less than one year.” Public pension funds “have lost tens of billions.” To make matters worse, Democrats recently voted to raise taxes and worsen inflation.

It’s unbelievable. Republicans are ready to get our country back on track and put seniors first. Arizona Republican Senate candidate Blake Masters recently said “the greatest threat to seniors’ retirement today is the massive, crushing inflation that Joe Biden and Mark Kelly caused.” Michigan Republican congressional candidate John James said seniors “sacrificed for our success” and “the least we can do” is “provide a strong health safety net.” Pennsylvania Republican Senate candidate Dr. Oz understands that inflation is “hitting seniors, many of whom rely on Social Security, when they need every last penny.”

Change starts with accepting reality – something Biden can’t do. He may say the economy is “strong as hell,” but headed into November, 78 percent of Americans say economic conditions are poor. For seniors, the choice of who to vote for is clear. Biden and Democrats are failing them. For older Americans who aren’t even retired yet, the same applies: already 40 percent say inflation is causing them to delay retirement.

Everyone deserves better, and Republicans will deliver that change. We’re now under two weeks out from Election Day, and I urge everyone to vote. Make plans – whether that’s finding a ride or offering a ride to someone else. This election is far too important not to be prepared to make your voice heard.

Let’s turn things around. November 8 is the day. Let’s make it a momentous one.

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David Millikan
David Millikan
1 year ago

They (FASCIST liberals and DICTATOR Beijing biden) have BEEN FAILING
AMERICA’S SENIORS and OUR COUNTRY from DAY ONE.
They GIVE OUR MONEY to ILLEGAL ALIENS and FOREIGNERS but give us NOTHING and LEAVE US IN DEBT
WITH MORE INFLATION.
Remember Hussein Obama GIVING MILLIONS in BONUSES to CEO’s with his ‘Too Big to Fail’ LIE and we got a whole $300. Hussein Obama last year in giving Seniors ONLY $1 for COLA leaving us MORE IN DEBT.
The COLA we’ll get in 2023 WON’T EVEN COVER the INFLATION now
let alone come 2023.
But DICTATOR Beijing biden GIVES ALL GOVERNMENT EMPLOYEES
HUGE RAISES WITH OUR TAX DOLLARS.
The FASCIST liberals and DICTATOR Beijing biden’s FAILURE TO TAKE CARE Of SENIORS and OUR COUNTRY is an
UNDERSTATEMENT.

Kevin
Kevin
1 year ago

I’m sorry but the fecklessness of the GOP leaders has made all socioeconomic situations much worse.
They can’t even tell the truth. Calling a spade a spade is now racist.

Hal-
Hal-
1 year ago

The DemocRats are failing everyone who is not a DemocRat politico … including the brainwashed citizens who are taken in by their chicanery. The DemocRat Party takes care of its top political dogs and politico honorees … and everybody else they work them like a puppeteer works his dummies.

J. Farley
J. Farley
1 year ago

This is the worst time in my over 75 years that it’s a bad time to be a Senior, besides being a bad economic time but we are seeing the crime factor, increasing and the impact of the border crisis and the irresponsibility of turning off the America’s gas for cars and home heating fuels, only a dog poop moron would do this to America.
The Seniors did nothing to deserve this punishment, by our own Government!

Michael Lewis
Michael Lewis
1 year ago

The economy is not strong Joe, but your delusions are.

Ken
Ken
1 year ago

I am a senior citizen, and Biden has failed me miserably. Impeach that confused old man!

Philip Hammersley
Philip Hammersley
1 year ago

DIMMs are failing EVERYONE (except abortionists and green-energy billionaires). I get my IRA statements and watch my money DISAPPEAR!

CoNMTX
CoNMTX
1 year ago

So what’s new? The Godless, lying demo/globalist party has failed everyone in everything since American history began.

Irv C
Irv C
1 year ago

He fails america period. Walking disaster is what he is.

tom B
tom B
1 year ago

I read Kevin’s comment with a shake of the head. there are useless R’s out there, but the D party is a complete disaster. How AOC and her ilk took over the Dem party is beyond me.

Dennis Math
Dennis Math
1 year ago

“Failing American Seniors”?? Are you kidding me…………the left just successfully killed off untold hundreds of thousands of seniors in the name of “flattening the curve” regarding the China/Big Pharma virus. And a good portion of those now dead seniors had to die alone with loved ones forbidden to visit and if allowed to visit commonly had to do so masked and behind a glass barrier.
Why? Seniors aren’t “cost effective”. They are a burden on the elite class and so must be eliminated. Seniors are the governments new American Indian…….and must be removed so that the wealthy corporate elites can replace them with foreign slave labor………drones…….
So failing is an understatement at best. They will kill you if you happened to escape the first salvo they WILL find another. It really is all about THEIR money as THEY see it.

John D. Beach
John D. Beach
1 year ago

Politicians have a perspective on the common reality which is not the experience of their class. If January 6 was a wake-up call, representation was not concerned with the consent of the governed to be ascertained. Seemingly, an “insurrection” would indicate a lack of consent by the governed. The legitimacy of government, based on a simple choice to constitute it by qualified, due process which verifies the accuracy of it by universal compliance with the prescribed qualifications, method, time and place of the exercise of voting, is dependent on it. Indeed, it is the refusal of democrats to abide by the written rule of law, with consistency, supplanting it, instead, by majority rule, constituted with alienated, foreign perspectives which reject the fundamentals of the American heritage, which is ruining the country. Democrats foster a culture of death, by choice, from the abortion industry to “gain of function” research to cause pandemics, to the ignorance of their policies which jeopardize the security of the blessings of life and liberty.

Where are we going!?
Where are we going!?
1 year ago

Two years ago (at age 58) my financial advisor said I could “retire comfortably at any time.” Today thanks to Brandon, that is not the case. Thirty percent of my retirement funds have vanished and I am now waiting to retire. LET’S GO BRANDON

Art
Art
1 year ago

HEY ALL YOU FOLKS ON SS== REMEMBER LAST YEAR WHEN THE DEDUCTION FROM SS WAS ACCELERATED TO $170 TO COVER THE USE OF A NEW ALZHEIMERS DRUG? THE DRUG WAS A DUD BUT THE DEDUCTION WAS LOCKED IN AT THE HIGHER LEVEL. THIS YEAR THE PROPOSAL IS FOR A 8.7% COLA. A LITTLE LATE AND I WONDER HOW MUCH OF A DEDUCTION WILL BE TAKEN OUT. BEND OVER. UNCLE SAM LOVES US.

charles A wilkins
charles A wilkins
1 year ago

Americans the corrupt democrats are out in full force, they are crisscrossing the Country to tell you more lies about what a great job they have done, they dug all the former crooks out to blow more smoke up your ass. They are in a full panic, they do not want to loose power or be held accountable for the issues they created and the fortunes they made on the back of the taxpayers. There is an opportunity to take control of the Senate and House vote Republican and restore the America so many have sacrificed to pass on to our generations, don’t let these corrupt liars and thieves continue to kill America, it’s democrats who take money form Soros and the Chinese communist not Republicans. Vote this year to stop all the crimes against the Nation we love, vote Republican.

Hal-
Hal-
1 year ago

I think the DemocRat’s posture on taking care of the rights of the elederly is ….. the sooner they die, the more income can be made from death taxes to support the DemocRat Party, and the more death records and gravestones will be available to copy names to create fantom DemocRat voters.

Lois Keel
Lois Keel
1 year ago

I agree, but worry about Republican efforts to damage or end Social Security. If the income cap was removed so ALL income was subject to paying into Social Security, the projected shortfalls would end.

George
George
1 year ago

With mostly Seniors that died from Covid-19 you’d think Social Security would be doing OK . Look how much $$$$ Social Security is saving not mailing out all those SS Checks……Think about it ! ????

STEVEN C ADAMS
STEVEN C ADAMS
1 year ago

The numbers you cite throughout the article are questionable. While the general gist is correct, you need to use some common sense to parse these figures. 45% of seniors seeking food assistance? Not likely. And increases in gasoline and electric at 18% and 15%? Try 50% for gas and 30% for electricity and you will be much closer to accurate.

Bill on the Hill
Bill on the Hill
1 year ago

Quite frankly Amac editorial board… Y’all could have picked a substantially better person to represent the GOP/Republican Party than this woman for this article…
I can’t blame her for being the niece (?) of Mittens Romney, apparently fate destined it, sadly enough…
As everything stands in real time, as long as this woman, i.e. RNC Chairwoman Ronna McDaniel, I will NOT give the RNC a bloody penny, period with monies that also support the vast RINO politicians within said party, it is a non-starter…
I will donate to individual candidates based on their honest, patriotic with conservative values, no WOKE, no GENDER STUDIES moving forward… The Republican Party of yesteryear is ” gone with the wind ” & going nowhere fast…Sorry about the Gone With The Wind example as that period of time was & continued to be a Democrat invention, i.e. slavery & Jim Crow laws that spanned 100’s of years…
We need to take back BOTH Houses in just over a week’s time on Nov. 8, 2022… I say vote like your lives depend on it!
Bill… :~)

Johnny
Johnny
1 year ago

I personally will be only living on SS now that my poll duties are finished. I got my last pay today with bill on the way.

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