House bill would cut $762 million from Social Security

The Social Security Administration warned Friday that “drastic funding cuts” proposed by the House would dramatically impact service to seniors and other beneficiaries and “needlessly” waste taxpayer dollars.

In response to an inquiry from Senate Finance Committee Chairman Max Baucus, D-Mont., Social Security Commissioner Michael Astrue outlined in a letter to Baucus how the House Budget would force the Social Security Administration to scale back operating hours at field offices across the country. The result, Astrue said, would be “long delays and deteriorations in service” to seniors and other Social Security beneficiaries.