Social Security benefits to see biggest boost in four decades – JP
The Biden administration celebrated the generous benefits boost, which had been expected based on recent inflation figures, even before Thursday’s official announcement.
White House Press Secretary Karine Jean-Pierre said in a Wednesday statement that the increase in Social Security checks will be paired with a decrease in seniors’ Medicare premiums for the first time in over a decade.
“This means that seniors will have a chance to get ahead of inflation, due to the rare combination of rising benefits and falling premiums,” she said. “We will put more money in their pockets and provide them with a little extra breathing room.”
Congressional Republicans, on the other hand, seized on the high rates of inflation. Sen. John Barrasso, R-Wyo., the chairman of the Senate Republican Conference, charged in a statement that Democrats are responsible for the high prices.
“Too many Americans are living the nightmare of having to choose between buying gas they can’t afford, buying groceries they can’t afford, and paying energy bills they can’t afford,” Barrasso said. “Families are struggling under the Democrats’ radical agenda.”