August 28, 2014

CONCORD COALITION TO RUN NY TIMES AD URGING PRESIDENT TO TAKE LEAD ON MEDICARE REFORMS

WASHINGTON -- The Concord Coalition will run an ad in this Sunday's New York Times urging President Clinton to strongly support measures moving through Congress that would raise monthly Medicare premiums for the affluent elderly and gradually raise the Medicare eligibility age for workers retiring in the next century.

The ad is signed by Concord Co-Chairs and former Senators Warren Rudman (R-N.H.) and Sam Nunn (D-Ga.), and Concord President Pete Peterson, former Secretary of Commerce.

"At this important moment, Mr. President, it's up to you to take the lead," the ad states. "After last year's bitter political battles over Medicare, the House is skittish about voting to touch senior benefits without receiving a signal that you are on board. We urge you to send that signal, loudly and clearly."

The ad also urges the president and members of both parties in Congress to speak out about the need for long-term entitlement reform with "greater honesty, realism and urgency."

"When you keep telling voters it ain't broke, they feel increasingly betrayed each time you propose a fix," the ad states. "It's time to lay to rest the myths designed to soothe the public -- for instance, that Social Security's illusory trust fund can pay full benefits all the way until 2029."

Follow this link to read the full text of the ad.