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Al Franken and Elizabeth Warren join fight against chained CPI
Sens. Elizabeth Warren and Al Franken added their very strong and very progressive voices to the fight to stop the chained CPI, and any cuts to Social Security, in a summit this week organized by Social Security Works. Along with…
Toomey to Press For Bigger Debt Limit Prioritization Plan in Senate
Sen. Patrick J. Toomey, maintaining a Republican drumbeat for payment “prioritization” in case of a debt limit stalemate, plans to push for a broader version of the House-passed plan to protect holders of Treasury bonds and Social Security beneficiaries. The Pennsylvania Republican…
Not All Social Security Advice Is Good Advice
Recently a financial planner sent me a Social Security plan based on a program (I’ll call it program X to protect the not-so-innocent) that he had licensed. The plan was for 60-year-old George and 56-year-old Mary Bailey. The planner asked…
Senator Sanders Demands That The Rich Pay Their Fair Share Of Social Security
The Social Security fight has taken a new turn. Senator Sanders is demanding that the rich and corporations pay their fair share in taxes, both to close the small gap for Social Security and to address the government’s need for…
House passes bill to prioritize US payments to bondholders and Social Security recipients
The GOP-controlled House voted Thursday to put U.S. bondholders and people on Social Security at the front of the line to be paid if the government hits its borrowing limit.The move comes as Republicans are grappling with the hot-potato issue…
Fix the Debt Flashmob Participants Oppose Social Security Cuts
Fix the Debt did a dance flash mob in Farragut Square in downtown Washington, D.C., around noon on Friday. Two participants expressed concern about the debt, but did not want to cut Social Security. Read more…
‘Chained CPI Not a Tweak: It’s a Cut to Social Security,’ Alliance Members Tell Congress
After Medicare deductions, Marty Alvarado has about $950 left in her monthly Social Security check. The Alliance for Retired Americans members from Dallas told a Capitol Hill Hands Off Social Security summit of Alliance members, lawmakers, senior activists and Social Security advocates: As you might imagine…
The dead got $108M in Social Security benefits in 2012, feds estimate
Government records are so messed up that it’s likely dead people are collecting Social Security benefits, the Government Accountability Office found in a study. GAO inspectors found about 1,300 records of people in the government database who had received benefits…
Credit raters wary of GOP debt limit bill
The nation’s credit rating agencies are wary of a House Republican plan to prioritize payments to U.S. bondholders and Social Security recipients if the debt ceiling is reached.GOP leaders have cast their Full Faith and Credit Act, which is set…
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…