This week marked 81 years since the Social Security Act was signed into law, and today the program is crucial to providing retirement security to over 1.1 million Georgia seniors and over 42 million seniors nationwide. Yet, Isakson supported raising the Social Security retirement age to 69, which would significantly cut benefits for all retirees, heavily impacts income inequality and overall, undercuts the purpose of Social Security.
“Senator Isakson continues to prove that he is not concerned with protecting Georgians’ retirements when he’s arguing for raising the Social Security Retirement age, fighting to privatize Social Security to send billions in fees to Wall Street paid for by seniors, or taking over $2.3 million from the financial industry to bankroll his campaigns,” said Dave Hoffman, Jim Barksdale’s campaign manager. “Senator Isakson has proven that he stands for Wall Street at the expense of our seniors and future generations.”
In his very first speech on the Senate floor, Isakson argued forcefully for privatizing Social Security as part of a plan the Center on Budget and Policy Priorities said “could lead to the unraveling of Social Security” and would result in a situation in which “millions of middle-income workers would receive little or no Social Security benefits in retirement.”
Yet Isakson said this was a debate “we should embrace” and a plan that “we should encourage.”
While seniors would be hurt if Isakson had his way, Wall Street would be a big winner. The financial industry would have been set to receive as much as $39 billion in fees, much of which would come out of the pocket of seniors who would have to pay Wall Street to manage their retirement accounts.
With multiple public polls showing that Barksdale is within single digits, will Senator Isakson tell Georgians why he continues to vote against OUR SENIORS?