Social Security Works

month

May 2012

55 posts

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May 31, 20120 notes
May 30, 2012473 notes
May 30, 2012232 notes

Meanwhile, in North Carolina, a local man robs a bank.

Mr Verone, who did not use a weapon during his robbery, said he hopes he is sentenced to three years in prison so he continues receiving healthcare.

“If it is called manipulation, then out of necessity because I need medical care, I guess I am manipulating the courts to get medical care.”

May 30, 20120 notes
#health insurance #desperate times
May 25, 20120 notes
“Alan Simpson. We miss him every day. He was the most colorful quote-meister ever when he was the distinguished Republican senator from Wyoming.” —

This (fairly typical) analysis comes from Al Kamen at the Washington Post. According to Al, Simpson’s letter is not insulting or misleading, it’s just Vintage Simpson! 

This is how this coverage makes me feel: 

May 25, 20120 notes
#Alan Simpson #Make it stop
May 25, 20122 notes
#FDR #Social Security

The Huffington Post does a pretty solid takedown of the media coverage of Alan Simpson’s  comments to the California Alliance for Retired Americans. Instead of reporting on how this was completely over-the-top response to a very reasonable flyer by CARA, outlets like Morning Joe gives Alan Simpson the benefit of the doubt because he’s old and still curses and uses old-timey colloquialisms.

 Simpson said the the California Alliance for Retired Americans, should “read the damn report” — recommendations from Simpson and deficit commission co-chair Erskine Bowles. But if Simpson were honest, he would have to admit that the group has obviously read his report. On the second page of its flyer,CARA offered a detailed list of criticisms for Simpson to address.

For instance:

“If today’s 25 year old retired at age 65 in 2050, having earned an average salary of today’s $64,000, he or she would retire with 24.5% less Social Security benefits under your plan. How can you justify that cut if, as you admit, Social Security does not add to the deficit?”

The whole flyer is like that, actually, clearly written by people who have a detailed awareness of Simpson’s “damn report,” referring to — one assumes — the commission’s non-binding, never-approved “chairman’s mark,” which is the only thing that Simpson or Bowles produced in the course of the commission’s work.

Of course, this whole mini-segment on Morning Joe, in which CARA gets derided for polluting the discourse (by raising well-informed concerns that everyone flees from answering), just exemplifies the absurdity of Alan Simpson. He doesn’t make news for having anything particularly insightful to say about our country’s fiscal situation. He gets attention because, “LOOKIT OL’ COOTER HAVIN’ HISSELF A COOT ATTACK, Y’ALL.” And he uses the word “bullshit,” which is, to the Morning Joe gang, like, TOTAL LOLS.


May 25, 20120 notes
#Alan Simpson #CARA #Media coverage
“Social Security is probably the most effective social program that has ever been enacted by the Congress of the United States” —Tim Kaine, running for Governor of Virginia, defends Social Security on the campaign trail. 
May 25, 20121 note
#Tim Kaine #Virginia #Social Security
Raise the Minimum Wage. A Lot. → foreignpolicy.com

hermannview:

What would workers do with the raise? They’d spend it, creating jobs for other workers. They’d pay down their mortgages and car loans, getting themselves out of debt. They’d pay more taxes — on sales and property, mostly — thereby relieving the fiscal crises of states and localities. More teachers, police, and firefighters would keep their jobs.

Would this hurt competitiveness? Not at all. That’s an issue for manufactured goods and traded services like insurance and banking, sectors in which everyone already earns far more than $12 an hour. The jobs we’re talking about are in non-traded services like checkout clerks, haircutters, domestic help, and food-service workers — you can’t run a deep fryer in Terre Haute from Bangalore.

Would prices go up? Some would. But rich people can afford it — and workers would have extra income to pay the higher prices, so most of them would come out ahead. Women in particular would benefit because they tend to work for lower wages. With more family income, some people would choose to retire, go back to school, or have children, making it easier for others who need jobs to find them. Working families would have more time for community life, including politics; Americans would start to reclaim the middle-class political organization that they once had. Because payroll- and income-tax revenues would rise, the federal deficit would come down. Social Security worries would fade.

The minimum wage must be $12-14 because the 99% can then survive.

May 25, 2012159 notes
May 24, 20122 notes
#cat actuary #social security trust funds
“They make Social Security sound like a gift, but it isn’t a gift. We paid for it all our working lives, and our employers paid for it.” —This is from Nan Brasmer, President of the California Alliance for Retired Americans, who Alan Simpson recently called “greedy geezers.” 
May 24, 20120 notes
May 24, 20120 notes
#Poll
Play
May 24, 2012189 notes
#poverty #income inequality #Oprah Winfrey

This is taken from the Iowa Republican Party’s official platform: 

1.1              1.4.    We support a mandate for drug testing all people on public assistance.

1.5              We believe, with the imminent bankruptcy of Medicare, Medicaid, and Social Security, Republicans should take the lead in replacing these programs, over time, with private solutions. 

1.6              We demand that participation in the Social Security system be optional until it is eliminated, and that every citizen has the right to opt out and be responsible for their own retirement.

1.7              We believe that the Social Security Trust Fund/taxes should not be used for general government expenses and the trust fund should be reinstated as an independent fund until it is abolished.

1.8              We believe that in order to receive Social Security benefits, including SSI, one must have paid in for a minimum of 40 quarters and must be a citizen of the United States, a legal resident, or beneficiary thereof.

1.9              We propose that government employees should participate in Social Security until it is eliminated. 

As Ed Kilgore writes,

“It’s true, of course, that these documents don’t mean all that much, and it’s also true the specific Iowa draft platform was prepared under the influence of the recent takeover of much of the state party apparatus by Ron Paul supporters. But you better believe if any group of two or more Democrats wrote up anything remotely this extreme, alarms would go up from coast to coast.”

Maybe if we drug tested our seniors, they could keep their Social Security benefits? 

May 24, 20121 note
#Iowa #Republican Party #Privatization
May 24, 20120 notes
#Alan Simpson #greedy geezers
“What a wretched group of seniors you must be to use the faces of the very people that we are trying to save, while the “greedy geezers” like you use them as a tool and a front for your nefarious bunch of crap. You must feel some sense of shame for shoveling out this bulls**t.” —

Former Sen. Alan Simpson (R-Wyo.), in a letter to the California Alliance for Retired Americans. (via officialssay)

What a charmer. 

May 24, 201232 notes
#Alan Simpson #Bowles Simpson #Greedy Geezers
May 22, 20121 note
#scrap the cap #income inequality #cities #social security
May 22, 201262 notes
#multigenerational #NPR
May 22, 201221 notes
#Ezekiel Emmanuel #life expectancy #social security #benefits

After Esquire’s abysmal article about “generational warfare,” it’s refreshing to catch them defending Social Security. Charles P. Pierce called out Paul Ryan (or in Pierce’s words “the zombie-eyed granny starver”) for saying, among other things, “The whole premise of our budget is to preempt austerity by getting our borrowing under control, having tax reform for economic growth, and preventing Medicare and Social Security and Medicaid from going bankrupt.

(Social Security, by the way, is not “going bankrupt.” He’s just lying about that.)

I want those parentheses to magically appear every time someone says that Social Security is going bankrupt. 

May 21, 20120 notes
#Paul Ryan #Austerity #Zombie-eyed granny starver
“Romney’s national platform, however, calls for doing less for the victims of the global economy. He wants to repeal the Affordable Care Act, which would guarantee that workers would get health insurance even if they lost their jobs in, say, a private-equity led restructuring. He wants to pay for large tax cuts and more defense spending by cutting funds for Medicaid, for food stamps, for worker retraining, and for housing subsidies. He wants to cut Social Security benefits. He has no detailed plans to improve the continuing education system, or worker retraining programs, such that displaced machinists have a better chance to find a new job.” —http://www.washingtonpost.com/blogs/ezra-klein/post/what-romney-should-have-learned-at-bain/2012/05/21/gIQAcXdMfU_blog.html
May 21, 20121 note
#Romney #Social Security #Bain #Private Equity
Aging parents add to retirement planning challenge → boston.com

Planning for retirement is hard enough, but the new generation of retiring baby boomers is facing an additional and unexpected burden: their parents.

May 21, 20120 notes
May 18, 20120 notes

National Journal comments on Gallup’s poll:

It seems likely that the workforce participation rate will remain high if many Americans, particularly baby boomers, continue to work past traditional retirement age, potentially increasing the overall unemployment rate as the economy improves.This is just the reverse of the idea that the workforce participation rate will continue to decline, and the unemployment rate along with it, as baby boomers reach traditional retirement age.

The poll is a reminder of how far-reaching the effects of the recession may be - not just for individuals and families, but for government budgets, too.

The dialogue around these policies tends to overlook their interaction with the economy or other social programs. Raising the retirement age does not occur in a bubble—as more elderly are unemployed, they might turn to the unemployment rolls, they can keep younger workers out of their positions, and they can rely more on Disability Insurance. The costs are simply shifted from Social Security to the economy, to individuals, and to other government programs. 

May 18, 20121 note
#Gallup #Workforce Participation Rate #Baby boomers #social security #poll
May 18, 20120 notes
#Gallup #Poll #Social Security #Retirement Security
Senate panel approves benefits for same-sex partners of federal employees

abaldwin360:

A Senate committee approved legislation Wednesday allowing same-sex partners of federal employees to receive employment benefits.

The Homeland Security and Governmental Affairs Committee passed the Domestic Partnership Benefits and Obligations Act with a bipartisan voice vote. It must be approved by the full Senate and the House before enactment.

read more

May 17, 2012149 notes
#domestic partnerships #Senate #benefits
May 17, 2012109 notes
#TED #Restoration Calls #income inequality
May 17, 2012364 notes
#income inequality #TED Talks #bipartisanship
“For all that the Democrats tried to show they were willing to talk entitlements, you didn’t hear any Republicans at Peterson’s fiscal summit saying that they should be willing to compromise more by considering tax increases.” —http://www.washingtonpost.com/blogs/ezra-klein/post/democrats-talk-about-cutting-entitlements-republicans-dont-talk-about-raising-taxes/2012/05/16/gIQAfU28TU_blog.html
May 17, 20120 notes
Bill Clinton, Boehner and Some Other Rich White Guys Had a "Summit" and Agreed: It's Your Fault → huffingtonpost.com
May 16, 20120 notes
#Fiscal Summit #Pete Peterson #the 1% #Bipartisanship #Bowles Simpson
May 16, 2012577 notes
May 16, 20120 notes
May 16, 201298 notes
Play
May 16, 20120 notes
#Alan Simpson #Simpson Bowles #Medicare #Social Security #AARP
May 16, 201211 notes
#Unions #Labor #Workers' Rights

While LGBT couples still face significant barriers to equitable benefits, some groups are trying to change the language of the Social Security Act as a way to incorporate same sex marriage, domestic partnerships, and civil unions. 

A coalition of advocacy groups has proposed the Social Security Equality Act, which would let couples in relationships recognized by their state of residence to receive the same Social Security benefits as heterosexual married couples. The bill, sponsored by Rep. Linda Sanchez, a Democrat from California, would recognize domestic partnership, civil union and marriage.

Last week, the National Committee to Protect Social Security and Medicare proposed removing gender-specific definitions of the words “husband” and “wife” in the Act as part of a broader proposal to enhance and reform Social Security benefits.

The full article is here. 

May 16, 20120 notes
#LGBT #Benefits #Social Security
May 15, 20120 notes
#Bowles Simpson #Bill Clinton #Lobbying #Social Security #Medicare #Fiscal Summit
May 14, 2012435 notes
What austerity looks like, in three graphs  → washingtonpost.com
May 10, 201214 notes
Play
May 10, 20120 notes
#Bowles simpson #Social Security #bipartisan #benefit cuts #retirement age #COLA
May 09, 20120 notes
#LGBT #Retirement Security
May 09, 201233 notes
#social security #retirement age #retirement #retirement security
“I’m a young American; I value Social Security; and this week in particular, I’m feeling reassured that Social Security is on solid footing and will be there for me when I need it. In fact, I see it as a great investment.” —Elisa Walker, of NASI, blogs at the Next New Deal. Social Security: It’s for Young People, Too. 
May 09, 20120 notes
#young america #NASI #retirement #social security
May 09, 20123 notes
STFU, Conservatives: Social Security Is Not Going Broke → stfuconservatives.net

liberalsarecool:

“Which federal program took in more than it spent last year, added $95 billion to its surplus and lifted 20 million Americans of all ages out of poverty?” finance columnistDavid Cay Johnston asks.

The answer? Social Security, which ended 2011 with a $2.7 trillion surplus—almost twice what was collected in personal and corporate income taxes during the same year and is expected to go on growing until 2021. Still, some claim that the program is “going broke” and must be privatized to be sustained.

Johnston disputes the claim that Social Security can’t sustain itself already and argues that its surpluses have been used to subsidize tax cuts for the rich.

Read that again: its surpluses have been used to subsidize tax cuts for the rich.

May 09, 2012287 notes
May 07, 2012240 notes
May 07, 20120 notes
#White House #Social Security #Fact Check #Benefits #Cutting Benefits
May 07, 201249 notes
#Social Security #Income inequality #productivity #social security trust fund
May 07, 20120 notes
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