Social Security was on the ballot in Georgia’s December 6 run-off election. Continue reading
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Social Security was on the ballot in Georgia’s December 6 run-off election. Continue reading
Social Security was on the ballot in Georgia’s December 6 run-off election. Continue reading
WASHINGTON—Remember Newt Gingrich’s “Contract With America,” the Republican blueprint for what they’d do if they took over the U.S. House in 1995—which they did? Well, with Gingrich standing by his side in late September, House Minority Leader Kevin McCarthy, R-Calif., unveiled his modernized 122-page version. Continue reading
Inflation continues to rise in the United States. Although gas prices have recently fallen since their record high over the summer, the cost of groceries rose by 11.4 percent over the last year, and there is no expectation that they will fall back to reasonable levels. Prices overall have risen by 8.2 percent, according to the U.S. Bureau of Labor Statistics’ Consumer Price Index report covering September 2022 as compared to the same month last year. While most working Americans are not getting hefty wage raises to compensate for inflation, seniors will see their Social Security benefits—which are pegged to inflation—rise next year. Starting in January 2023, beneficiaries will see an 8.7 percent cost-of-living adjustment (COLA) bump in their Social Security checks. Continue reading
Social Security advocates on Wednesday applauded Democrats including U.S. President Joe Biden for their defense of the popular program as Republicans recycle false claims that the nation will soon be unable to pay for the program’s benefits, making the monthly payments that help support more than 65 million Americans a key issue ahead of the midterm elections. Continue reading
Rep. Pramila Jayapal, the chair of the Congressional Progressive Caucus, urged the House Democratic leadership on Tuesday to hold a vote on legislation that would expand Social Security benefits by making wealthy Americans contribute more to the beloved New Deal-era program. Continue reading
When President Franklin Roosevelt signed Social Security into law 85 years ago today [August 14, 1935], he expressed hope that the program would offer Americans a “measure of protection” from the “hazards and vicissitudes of life.” True to FDR’s vision, Social Security has protected workers from some of the costliest hazards and vicissitudes of life—including loss of income from retirement, disability, and the death of a family breadwinner. This year, though, Americans have faced “hazards and vicissitudes” unseen for one hundred years—a deadly global pandemic and the resulting economic fallout. Now, as Social Security continues to provide basic financial security to 68 million Americans during this tumultuous time, the program itself needs protection. Not only are Social Security’s resources strained by the pandemic; the program’s opponents seek to undermine and eventually dismantle it amid a national crisis. Continue reading
Trump pushed the dubious scheme earlier. Continue reading
An advocacy group representing more than four million American retirees warned Thursday that President Donald Trump took a dangerous step toward “single-handedly” dismantling Social Security by announcing he plans to sign an executive order suspending collection of the payroll tax as early as Friday afternoon. Continue reading
Shortly after publicly ditching one attack on Social Security—the payroll tax cut—Senate Majority Leader Mitch McConnell confirmed Thursday that the Republican coronavirus relief package will include legislation sponsored by Sen. Mitt Romney that one advocacy group described as an “equally menacing” threat to the New Deal program. Continue reading
A proposal by Sen. Mitt Romney to establish congressional committees with the specific goal of crafting legislative “solutions” for America’s federal trust fund programs has reportedly resurfaced in GOP talks over the next Covid-19 stimulus package, sparking alarm among progressive advocates who warn the Utah Republican’s bill is nothing but a stealth attack on Social Security and Medicare. Continue reading
Social Security and Medicare are insurance programs, not welfare—funded by equal worker-employer payroll tax deductions. Continue reading
Suddenly concerned about the growing national debt now that corporations have secured access to trillions of dollars in COVID-19 bailout funds with little oversight, Trump administration officials are reportedly considering several proposals purportedly aimed at reducing government spending—including a pair of plans that would provide Americans with cash payments in exchange for delays or cuts to their Social Security benefits. Continue reading
Tucked inside Senate Republicans’ gargantuan coronavirus stimulus package is a provision that progressives are warning could significantly damage Social Security’s funding in the short-term and empower right-wing lawmakers to make even deeper cuts to the vital program in the future. Continue reading
Activists are working to raise public awareness and outrage over a little-noticed Trump administration proposal that could strip life-saving disability benefits from hundreds of thousands of people by further complicating the way the Social Security Administration determines who is eligible for payments. Continue reading
The benefits of Social Security, a program designed to help vulnerable and low-income people, have since the 1980s become increasingly skewed toward the wealthy due to demographic shifts and soaring inequality, according to a new report. Continue reading
Republican Sen. Joni Ernst of Iowa is under fire after telling a recent town hall audience that members of Congress should negotiate changes to Social Security “behind closed doors” in order to dodge scrutiny from the media and advocacy groups. Continue reading
In an effort to strengthen one of the nation’s most popular programs as the GOP pushes for cuts, Sen. Bernie Sanders (I-Vt.) and several congressional Democrats on Wednesday introduced the Social Security Expansion Act to ensure that seniors can retire in dignity and “everyone with a disability can live with the security they need.” Continue reading
Anybody should have known the Trumpies significantly lowering federal income taxes for elite rich civilians would increase the budget deficit, as would significantly increasing military expenditures for poor soldiers, sailors, and airmen, and their staff, and their fat cat civilian corporate suppliers. Continue reading
President Donald Trump, who campaigned on a promise not to cut Social Security, is reportedly considering a plan to eliminate much of the payroll tax that funds the critical safety net program. Continue reading
During the twentieth century near collapse of capitalism—the Great Depression—relatively enlightened forces of wealth initiated programs to prevent total breakdown and possible revolution. Among these was the origin in America of what already existed in Europe: a proposal to help elders from entering the poorhouse when they were no longer able to work. Known as “Social Security” it became one of the most popular of the New Deal programs of the FDR administration. Continue reading
WASHINGTON, DC—A long standing Money Party front, the Business Roundtable, wants you to wait until you’re 70 years old before you get Social Security and Medicare benefits. This is just a reprise of the November 2012 dictate from the king of corporate cronyism, Goldman Sachs CEO Lloyd Blankfein. Continue reading
When neoconservatives, politicians, and high ranking military officers speak of a 30-year war against terrorism, there is no discussion about its affordability or whether the one significant attack (September 11, 2001) that is attributed, perhaps incorrectly, to Muslim terrorists justifies an open-ended war against a dozen countries. There is no discussion of the burden on future generations of the massive increase in the public debt in order to finance today’s wars. Continue reading
I wouldn’t/couldn’t believe my eyes when I read the OpEdNews headline, Rep. Conyers: Obama Demanded Social Security Cuts—Not GOP. Continue reading
Modern industrial civilization weakens the family, which is not necessarily bad, since it allows children to escape tyrannical parents. In such a society, the home is not so much a socializing haven as a motel, where wage earners drive back each evening only to ignore each other. FaceBook has become a hearth and shrine, and independence is having your own flat screen TV. Behind locked doors, the kids chill in solitary confinement, while you and the spouse can have separate finances, night outs and flings, and all is good until everyone grows old, likely alone, which brings us to the question of Social Security. Continue reading
The American Empire is failing. A number of its puppet rulers are being overthrown by popular protests, and the almighty dollar will not even buy one Swiss franc, one Canadian dollar, or one Australian dollar. Despite the sovereign debt problem that threatens EU members Greece, Ireland, Spain, and Portugal, it requires $1.38 dollars to buy one euro, a new currency that was issued at parity with the US dollar. Continue reading