Headlines
Proposals Addressing Trust Fund Solvency
The last 5 Trustees Reports have indicated that Social Security’s Old-Age, Survivors, and Disability Insurance (OASDI) Trust Funds would become exhausted between 2033 and 2041 under the intermediate set of economic and demographic assumptions provided in each report. If no legislative change is enacted,…
Social Security Changes Could Hurt Blacks Most
Social Security changes proposed by Obama could hurt African Americans more than other groups. The Center for Global Policy Solutions report finds that the changes may cause particular harm to older African Americans who depend on Social Security for the…
House approves plan to pay creditors, Social Security…
The Republican-controlled House narrowly approved a plan Thursday to protect U.S. bondholders and Social Security recipients if the nation breaches the federal debt limit later this year. With every Democrat and eight Republicans voting no, the measure passed 221 to 207 and…
Cutting Social Security and Not Taxing Wall Street | Op-Eds …
As we move toward the fifth anniversary of the great financial crisis of 2008, people should be outraged that cutting Social Security is now on the national agenda, while taxing Wall Street is not. After all, if we take at…
Entitlement programs thrive amid gridlock, shifting money from younger generations to older
With Congress increasingly unable to resolve budget disputes, federal programs on automatic pilot are consuming ever larger amounts of government resources. The trend helps older Americans, who receive the bulk of Social Security and Medicare benefits, at the expense of…
Social Security benefit cut would leave many women in the cold
The “chained CPI” would change the way the cost-of-living adjustment is calculated, reducing Social Security benefit amounts every year. The “chained CPI” represents a significant benefit cut and, over the course of a lifetime, would cost the average woman many…
Begich To Introduce Social Security Legislation
Senator Mark Begich plans to introduce two bills related to social security by next Monday. Begich met with leaders of Alaska organizations today (thursday) in Anchorage to gauge their concerns and to announce his plan. The Senator says the conversation…
US House to vote on measure to borrow more
THE Republican-led House of Representatives will vote next week on legislation that will allow the US government to borrow above the debt ceiling, in a move meant to stave off default. But the “Full Faith and Credit Act”, which was adopted…
Whatever Happened to Hope and Change?
Think back to 2008. The words and rhetoric were magical. Transformative, change, change to win, hope. Progressives could paint their dreams and ideals on candidate Obama, and candidate Obama encouraged them to do so. We could believe in a new…
Saving Social Security: Why New Proposals Are Drawing Fire
On April 10, President Barack Obama released his $1.8 trillion budget proposal for fiscal 2014, which included a controversial — but not altogether surprising — plan to change how Social Security benefits are calculated. Rather than using the Consumer Price…