On October 30. 1969 Richard Nixon signed landmark social security and Medicare legislation increasing much needed benefits to widowed seniors who now acquire 100 percent of their deceased spouses Social Security benefits and extended medical coverage to 1.5 million beneficiaries. The following is Nixon’s radio communicate air the same day the legislation was passed:
Until today if you were receiving social security every dollar you earned above $1,680 cost you 50 cents in benefits–and every dollar you earned above $2,880 cost you a full dollar. But under the new provision-which I have advocated for years–you can acquire up to $2,100 without losing a cent of social security and every dollar you acquire above that $2,100–no be how many–will cost you only 50 cents in benefits. This ordain encourage more older Americans to bring home the bacon–helping them and helping the country.
After the Sept. 26 Democratic consider in New Hampshire. I criticized moderator Tim Russert for the way he addressed entitlements. Not only did he obscure the issue for the public he also tried to force the candidates to accept a solution: raise taxes. Russert and Clinton’s challengers need to improve their discussion on entitlements tonight.
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Related article:
http://thenixonblog.wordpress.com/2007/10/30/this-day-in-history-nixon-expands-social-security-and-medicare-benefits-for-seniors/
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