As you know, enormously crucial decisions are being made in Washington now which will impact the future of our country for decades. Please join me for an interactive discussion on issues ranging from how we protect Social Security for our kids and grandchildren, to how we create the millions of new jobs we desperately need to how we address the deficit crisis in a fair and progressive way.
In terms of Social Security, let's be very clear. Social Security has not added one dime to either the federal deficit or the national debt. In fact, Social Security is running a $2.6 trillion surplus that is projected to grow to over $4 trillion by the year 2023. The non-partisan Congressional Budget Office has estimated that even if no changes are made, Social Security will be able to pay full benefits to every eligible American until the year 2039. In other words, Social Security is not in crisis.
Meanwhile, the Republicans in Congress, who claim to be so concerned about our large deficit want to extend Bush's massive tax breaks to the wealthiest 2% of Americans -- which will add, over a ten year period, $700 billion to our national debt. Given the fact that we already have the most unequal distribution of income of any major country, this is a totally absurd and irresponsible proposal.
That's why I organized a working group in Congress to provide a real, progressive alternative to the Deficit Commission's recommendations. We can move this country forward in reducing our national debt, but we don't have to do it on the backs of the already suffering middle class and working families of this country.
All and all, there's a lot to talk about and I look forward to a lively discussion with my friends at Democracy for America. Thank you very much for your grassroots activism. Together, we will move this country forward.