Republicans security and retirement social security reform social planning. Medical search. Frequent questions

In a televised response immediately after the president's address, Senate Minority Leader Harry Reid (D-NV) said Democrats "strongly disagree with the president's plan to privatize Social Security," calling it "dangerous. (heartland.org)
Continually working for the protection of Social Security, Bill has fought against efforts to privatize the program. (house.gov)
In 2005, President Bush and many Republicans in Congress proposed to privatize Social Security. (house.gov)
Put some money on debt retirement, some money on rate reduction and reform entitlements in a way that you're not going to privatize Social Security, you're not going to create a voucher program for Medicare. (rollcall.com)
Bush wants to privatize Social Security and raise the retirement age. (prwatch.org)
My brother tried (to privatize Social Security), got totally wiped out," Bush said . (prwatch.org)
Cruz wants to privatize Social Security, increase the retirement age, and cut benefits. (prwatch.org)
The Democratic platform echoes her views: "We will fight every effort to cut, privatize or weaken Social Security, including attempts to raise the retirement age, diminish benefits by cutting cost-of-living adjustments or reducing earned benefits. (forbes.com)
This attack includes right-wing efforts to privatize Social Security and slash Medicare, price gouging by pharmaceutical companies, and the divestment of pension plans by businesses eager to avoid their contractual obligations. (cpusa.org)

The $168 billion package eased the program through a turbulent period, and 1983 marks the last time Congress cut Social Security benefits, raised taxes and lived to tell about it. (brookings.edu)
Curbelo did call Social Security a Ponzi scheme in his first bid for Congress. (politifact.com)
Democrat leaders in Congress have voiced their opposition, and some Republican lawmakers have expressed serious reservations. (heartland.org)
He also said Republicans in Congress are "enthused" about addressing Social Security reform. (heartland.org)
We blocked the privatization of Social Security with our Social Security "Truth Truck" delivering 2.1 million petitions to Members of Congress and other tactics. (ontheissues.org)
A more refined understanding of the need for federal action serves as a rebuke to those who claim Congress can just wash its hands of health reform. (vox.com)
After Congress passed the Homeland Security Act signed into law by President Bush on November 25, 2002, to create the Department of Homeland Security (DHS), Ridge became the first director of the newly created department. (wikipedia.org)
Apple will see as much as $47 billion slashed from its expected tax liability if Republicans push through their current tax plan, making it the biggest beneficiary of the legislation now working its way through Congress," Richard Waters and Tom Braithwaite report for Financial Times. (macdailynews.com)
But even the staunchest Republicans are advising Congress against making cuts. (disability-benefits-help.org)
Congress has a real fight brewing between parties as they debate the best path forward for Social Security. (disability-benefits-help.org)
Just as Medicare's solvency was extended by health care reform, Bill believes that Members of Congress can come together to similarly extend the Social Security program with common sense solutions. (house.gov)
His decades of experience on Capitol Hill, including previous efforts on Social Security reforms, are what is needed to get Democrats and Republican-s in Congress to put aside their difference-s and make the difficult decisions needed to protect this important program for current and future retirees. (pressreader.com)
Though there is little chance of a short-term political victory with a divided government, Congress should nonetheless move some real reform proposals through committees to get the ball rolling. (mercatus.org)
Tax reform is always on any Republican candidate's "if you vote for me" promise list, but the current Congress has failed to advance a comprehensive tax reform agenda - and that in spite of the biggest majority since 1928. (mercatus.org)
This plan struggled to gain support on both sides of the aisle and was never voted on in Congress. (prwatch.org)
But as Republicans in Congress contemplate trying to finance tax cuts for the wealthy with cuts to programs such as Social Security, they should realize that many of the same market failures that made health care reform so difficult also plague social insurance programs more generally. (thefiscaltimes.com)

As a result, Social Security's trustees forecast that the combined retirement and disability trust funds will be depleted in 2035-one year later than last year's forecast. (morningstar.com)
Yet Social Security's structure still discourages work past the age of 62. (politifact.com)
But that doesn't mean taking Social Security's guarantee and gambling with it. (heartland.org)
However, Social Security's importance hasn't necessarily translated into the program being on a solid foundation. (fool.com)
As of 2017, earned income below $127,200 is subject to Social Security's payroll tax, while earnings above this amount are exempt. (fool.com)
Together, these benefits reductions accounted for more than two-thirds of the reforms' improvemen-t to Social Security's finances. (pressreader.com)
Social Security's financing hasn't gotten any better since 2012. (pressreader.com)
This wise legislation expands Social Security's modest benefits while ensuring that all promised benefits will be paid in full and on time through the year 2100 and beyond. (forbes.com)
This presents a sharp contrast to the infamous Bowles Simpson Commission , the so-called Super Committee and other closed door, fast track efforts that attempted to cut Social Security's modest benefits in secret so that the American people would have no way to hold their elected leaders accountable. (forbes.com)
WASHINGTON (AP) -- Social Security's finances are getting worse as the economy struggles to recover and millions of baby boomers stand at the brink of retirement. (theskanner.com)
The deficits add a sense of urgency to efforts to improve Social Security's finances. (theskanner.com)
A debt commission appointed by Obama has recommended a series of changes to improve Social Security's finances, including a gradual increase in the full retirement age, lower cost-of-living increases and a gradual increase in the threshold on the amount of income subject to the Social Security payroll tax. (theskanner.com)
what do Social Security's attackers want to do? (ourfuture.org)

He has repeatedly said his plan would not affect current retirees or Americans nearing it. (politifact.com)
Republican presidential hopeful Chris Christie proposed pushing back the age of eligibility for Social Security and Medicare for future retirees on Tuesday as part of a plan to cut deficits by $1 trillion over a decade, an approach he said would confront the nation's "biggest challenges in an honest way. (nbcphiladelphia.com)
In a speech in New Hampshire, site of the first 2016 presidential primary, the New Jersey governor also proposed reducing Social Security benefits in the future for retirees earning more than $80,000 a year and eliminating them for those with annual incomes of $200,000 or more. (nbcphiladelphia.com)
Since the program's inception, Social Security has functioned on a pay-as-you-go basis, with current workers paying taxes to finance the benefits of retirees. (heartland.org)
On one hand, the platform assures "current retirees and those close to retirement" that their benefits won't be touched. (money.com)
For tens of millions of retirees, there's no program in this country more vital than Social Security. (fool.com)
A combination of factors that includes the ongoing retirement of baby boomers and increased longevity (especially for wealthy retirees) is expected to weigh on Social Security in the years to come. (fool.com)
In a distant second in this survey was the idea of raising the full retirement age, which would effectively reduce lifetime benefits for future retirees. (fool.com)
Second, the reforms made Social Security benefits subject to income taxes, a de facto means test on retirees with incomes of more than $25,000. (pressreader.com)
But it's important for Democrats to note that the Obama-biden administra-tion had been ready to accept reducing Social Security benefits for current retirees as part of a compromise. (pressreader.com)
Where she said that Republicans wanted to replace "a guaranteed benefit with a guaranteed gamble," he pointed out that personal retirement accounts plan will be completely voluntary and that there would be no benefit cuts for retirees or near retirees. (hawaiireporter.com)
To meet that goal, Bowles and Simpson are proposing to slay a herd of sacred cows, including the tax deduction for mortgage interest claimed by many homeowners, the tax-free treatment of employer-provided health insurance and the practice of letting retirees claim Social Security benefits starting at age 62. (atlanticphilanthropies.org)
The deficit proposals put forth by Obama's Bipartisan Commission threaten to push the one-third of retirees who depend mainly on their social security payments into the food kitchens or destitution. (dissidentvoice.org)
For many retirees, Social Security isn't just some check they receive each month. (foxbusiness.com)
Data from the Social Security Administration finds that 62% of current retirees lean on their monthly benefit for at least half of their income , with 34% pretty much wholly reliant on Social Security for 90% to 100% of their monthly income. (foxbusiness.com)
At the end of the day, Social Security keeps millions of retirees above the federal poverty line. (foxbusiness.com)
Right now, we have a $7.7 trillion retirement savings gap - meaning that for the first time in our country's history, current and future retirees are preparing for a lower standard of living in retirement than their parents. (prwatch.org)

CLICK HERE to learn more about House Republicans' plan to deliver pro-growth tax reform. (house.gov)
Rigell noted House Republicans passed two sequester replacement bills last year and called on Obama to offer a detailed plan for stopping the sequester. (rollcall.com)
It also is a stark contrast to the House Republicans when they were in the majority. (forbes.com)

And the fact is, Medicare and Medicaid and presently more expensive than Social Security. (issues2000.org)
Republicans have signaled loudly that they want to use those massive tax cuts as an excuse to cut so-called "entitlements" - their word for Social Security, Medicare, and Medicaid. (forbes.com)
Therefore, the best possible time to overturn, or at least make meaningful changes to, an entitlement, is soon after it passes, while the debate is still fresh in everyone's minds, while people still have the fight in them to continue vigorously opposing it, and before people begin to accept it as a fact of life as they now accept Social Security, Medicare and Medicaid. (hamodia.com)

Bush focused the address on Social Security reform, the centerpiece of which is a plan to allow younger workers to invest some of their payroll tax contributions in stocks and bonds. (heartland.org)
Following his upcoming State of the Union address, the president will begin a five-state tour to explain his plan to salvage the failing system that includes allowing younger workers to invest a portion of their payroll tax contributions into personal investment accounts. (hawaiireporter.com)
The RSC budget directs the Ways and Means Committee to come up with a tax reform plan that reduces the top individual and corporate rates to 25 percent, reduces capital gains and dividends tax rates to 15 percent, repeals the estate tax, and replaces the Earned Income Tax Credit with a payroll tax exemption, among other changes. (crfb.org)
The elimination of one proposal in particular, a higher payroll tax rate, might also get some Republicans on board. (seniorvoicealaska.com)
Thankfully, Social Security's 12.4% payroll tax on earned income between $0.01 and $128,400 (as of 2018) provided more than 87% of the $957.5 billion collected in 2016, and it'll continue doing the heavy lifting for Social Security moving forward. (foxbusiness.com)
A payroll tax split evenly between the employee and the employer pays for Social Security benefits. (senate.gov)
This year alone, Social Security is projected to collect $45 billion less in payroll taxes than it pays out in retirement, disability and survivor benefits, the nonpartisan Congressional Budget Office said Wednesday. (theskanner.com)
In the short term, Social Security is suffering from a weak economy that has payroll taxes lagging and applications for benefits rising. (theskanner.com)
When LMS was scored the payroll gap under traditional Social Security was 1.92%, in other words an immediate increase in FICA would have been projected to deliver 100% of the scheduled benefits over the 75 year window. (angrybearblog.com)
Trump says he'd do this by generating more Social Security payroll taxes by bringing back jobs and by getting rid of "deficits, waste, fraud and abuse. (forbes.com)

One of the hot-button issues for both Democrats and Republicans as a result of the Midterm Elections is Social Security reform. (disability-benefits-help.org)
The Midterm elections exposed some serious rifts between Democrats and Republicans when it comes to Social Security and Social Security reform. (disability-benefits-help.org)
Finally, then as now, Republicans worried about how Social Security would affect the midterm elections. (hnn.us)
What Happens to Social Security if Democrats Win the Midterm Elections? (foxbusiness.com)

The proposal marked an attempt to establish Christie's deficit-cutting credentials in a race that has three other Republicans as declared presidential candidates, with more to come. (nbcphiladelphia.com)
Sen. Lindsey Graham, R-S.C., said he could support another $600 billion in revenue if it were part of a larger deficit reduction deal including an overhaul of Medicare and Social Security. (rollcall.com)
The chairmen of President Obama's bipartisan deficit commission on Wednesday offered an aggressive plan to rebalance the federal budget by curbing increases in Social Security benefits, slashing spending at the Pentagon and other agencies, and wiping out more than $100 billion a year in popular tax breaks for individuals and businesses. (atlanticphilanthropies.org)
A White House commission has put out a credible plan to eliminate the deficit and debt. (atlanticphilanthropies.org)
It is important to point out that Social Security does not add a penny to the deficit . (forbes.com)
The clear majority of Republican voters think that any deficit reduction package should have a balanced approach and should include some revenues. (ucsb.edu)
Almost immediately after Obama unveiled his plan on Wednesday, one of the nation's leading tax policy experts threw cold water on the administration's claim that its tax overhaul could be implemented "without adding a dime to the deficit. (blogspot.com)
A separate plan released Wednesday by Republican presidential contender Romney, the expert said, would almost certainly expand the deficit. (blogspot.com)
Realistically, it is impossible to lower the deficit without cutting either medicare/medicaid, social security or the military and/or raising taxes. (debatepolitics.com)

Unfortunately, politicians often spin these solvency projections as a looming "bankruptcy," implying a complete meltdown of our social insurance programs. (morningstar.com)
Amending the Social Security Lockbox bill to require that any budget surplus cannot be spent until the solvency of Social Security and Medicare is guaranteed. (ontheissues.org)
President Joe Biden has pledged to oppose any and all cuts to restore the critically underfunde-d Social Security system to solvency. (pressreader.com)
While the chances of action begin as slim at best, House Democrats recently reintroduced a Social Security reform bill designed to give lawmakers a few more years to figure out how to fix the long-term solvency of the Social Security Trust Funds, among other things. (seniorvoicealaska.com)
World Economic Meltdown: Crisis for Social Insurance Solvency? (angrybearblog.com)
And, as things now stand, unless the Social Security system is changed, benefits will be cut by 21% in 2034, due to solvency issues . (forbes.com)
Trump's comments are just another kick in the stomach to all of us who have worked for more than 30 years for solvency for Social Security. (forbes.com)

Jeb Bush's plan for Social Security is 'disastrous for seniors and raises the retirement age to 70. (politifact.com)
Congressional hopeful Annette Taddeo warned Florida seniors preparing for a Thanksgiving feast that a Jeb Bush presidency could starve their plans for retirement. (politifact.com)
It's disastrous for seniors and raises the retirement age to 70," the email read. (politifact.com)
For this fact-check, we wanted to know if Bush really released a Social Security plan for seniors that raises the retirement age to 70. (politifact.com)
We found that Bush's plan doesn't suggest a specific age, and he also doesn't think the eligibility age should change for current seniors. (politifact.com)
Reforms should update Social Security to respect seniors' desires and abilities to work later in life. (politifact.com)
That is why both Republicans and Democrats are in a race to overhaul Social Security to make sure that it continues to provide the benefits that seniors need to survive. (disability-benefits-help.org)
Currently, seniors who want to retire can draw their Social Security benefit as early as age 62. (disability-benefits-help.org)
In the current economic climate where inflation is at record highs and many people are struggling-especially seniors-cutting Social Security would result in seniors not having enough money to pay for necessities like housing and food. (disability-benefits-help.org)
Protecting Medicare and Social Security for seniors today and our children tomorrow is a top priority for Congressman Pascrell. (house.gov)
Similarly, Social Security has prevented many seniors from facing poverty and has preserved the dignity of life after retirement. (house.gov)
Health care reform starts by giving seniors who are in the donut hole a $250 rebate check in 2010 and closes the donut hole entirely by 2020. (house.gov)
Considering many seniors lost part of their retirement savings when the market fell, had Social Security been privatized, these seniors would have faced poverty. (house.gov)
For the majority of seniors who choose not to live in an institutional setting, Bill has been a strong proponent of community-based care through Medicaid so that states can provide a range of services from coordinated health care to social and housing services in order to promote independence and healthy aging in place. (house.gov)
cost of living but would result in lower COLAS, including for seniors already taking their Social Security benefits. (pressreader.com)
It is as unsurprising as it is sad that the group that produced an ad last year desecrating the Statue of Liberty would produce an attack ad this year attempting to scare seniors rather than promote an honest discussion about preserving Social Security. (hawaiireporter.com)
That's why the National Committee to Preserve Social Security and Medicare has endorsed Rev. Warnock for re-election as a "champion for seniors. (ncpssm.org)
Mindful of the need to boost seniors' benefits and put Social Security on a sound financial path, Senator Warnock cosponsored the Social Security Expansion Act. (ncpssm.org)
For Black and Latino seniors - who are especially reliant on Social Security for income - the poverty rate would approach or exceed 50% without their earned benefits. (ncpssm.org)
Despite the crucial role that Medicare and Social Security play in seniors' lives, Republicans insist that both programs must be "reformed" - which really means cut and privatized. (ncpssm.org)
The program also says, "National health care, including coverage of catastrophic illness, increased Social Security benefits and COLAs, expanded housing programs for low-income seniors, social support for culture accessible to all, and the acknowledgment of seniors' contributions to society will all help this expanding sector of society. (cpusa.org)
Under most plans being discussed, benefits will be cut, and seniors are already forced to work until they drop, often in low-wage, part-time jobs. (cpusa.org)

Democrats, in turn, used their own projections to minimize the Social Security problem, and the worst-case numbers to illustrate the impact of any benefit cuts. (brookings.edu)
We are effectively warding off cuts to our most important social programs like Social Security and Medicare. (ontheissues.org)
Mike Pence, along with the Republican Study Committee and the Center for Retirement Research have been advocates for making cuts. (disability-benefits-help.org)
But the majority of Americans don't want any cuts to be made to Social Security, and they definitely don't want the program to sunset, which is what GOP Senator Rick Scott proposed last year. (disability-benefits-help.org)
Even former President Trump issued a statement saying that no cuts should be made to Social Security. (disability-benefits-help.org)
A proposal by Bernie Sanders to protect entitlement programs from spending cuts as part of the Senate's tax-reform bill was soundly defeated. (fool.com)
Some Republican lawmakers, raising new alarms over the effects of automatic spending cuts on defense, are opening the door to new revenue with only days to go until the sequester hits, in contrast with widespread opposition to additional taxes among most in the GOP. (rollcall.com)
Although the GOP has not settled on a plan yet, Sen. Michael D. Crapo, R-Idaho, said on the way into Senate Minority Leader Mitch McConnell's office Tuesday that he expects the plan would give Obama flexibility to reallocate the spending cuts. (rollcall.com)
The co-chairmen propose dramatic cuts across government including to Social Security, Medicare and federal retirement, presumably for future servicemembers and civil servants. (stripes.com)
Republicans appear to want to add benefit cuts to Larson's proposal, under the guise of "compromise. (forbes.com)
Yet the donor class and the Republicans who appear to represent their views continue to demand benefit cuts. (forbes.com)
After all, the president's primary solution for Social Security's woes was to pass the Tax Cuts and Jobs Act. (foxbusiness.com)
He also outlined his "Big Idea" to address the majority of the Social Security shortfall, which would stave off those impending benefit cuts. (senate.gov)
Biden and Trump's plan to do nothing means automatic cuts, we need something better. (senate.gov)
The House Republican Study Committee's 2022 budget blueprint called for raising the retirement age to 70 (a huge benefit cut), reducing COLAs, and cutting benefits for "high earners," an odd characterization since the cuts eventually could extend to workers earning $40,000 per year. (ncpssm.org)
The Republican's health care reform plan would have delivered $600 billion in tax cuts, but with that option gone where will the money come from? (thefiscaltimes.com)
Republicans would like you to believe that tax cuts can be financed by reducing government waste, cutting foreign aid, and so on, or from the miraculous economic growth tax cuts bring about. (thefiscaltimes.com)
The reality is that these types of cuts won't come anywhere close to covering budgetary cost of the tax cuts they have planned, and the hope that tax cuts will increase economic growth and hence tax revenue is undercut by the failure of tax cuts to stimulate economic growth during the Bush and Reagan administrations. (thefiscaltimes.com)
Any thoughts of broader reforms or even budget cuts seem inconceivable, despite the tremendous pressure on the federal budget. (ourfuture.org)

Republican presidential candidate Donald Trump speaks before introducing his newly selected vice presidential running mate Mike Pence, governor of Indiana, during an event at the Hilton Midtown Hotel, July 16, 2016 in New York City. (money.com)
The 2016 Republican platform is an unwieldy beast, an uncomfortable molding together of some traditional Republican positions with the often contradictory positions of presumptive nominee Donald Trump. (money.com)
From the beginning of his campaign, Donald Trump has opposed changes to Social Security. (money.com)
And today somehow, despite our polarized politics, Joe Biden and Donald Trump actually share a Social Security plan. (senate.gov)

With the exception of Democrats and Republicans recognizing that there's a long-term funding shortfall, and neither party particularly caring for the program's inflationary tether, the Consumer Price Index for Urban Wage Earners and Clerical Workers, these two parties agree on almost nothing when it comes to Social Security. (foxbusiness.com)

Taddeo, the former chair of the Miami-Dade Democratic Party, attempted to link Bush's plan for Social Security to her Republican opponent, Carlos Curbelo of Miami, in a fundraising email PolitiFact Florida received Nov. 24, 2015 ( click here to read the letter). (politifact.com)
Have you seen presidential hopeful Jeb Bush's plan for Social Security? (politifact.com)
Taddeo's campaign directed us to a condensed version of Bush's plan to reform Medicare and Social Security on Medium.com , which linked to the full plan on his website . (politifact.com)
A statement from the RNC said, "MoveOn.org and the Democrats are shamefully meeting President Bush's bipartisan effort to strengthen Social Security with fear-mongering and scare tactics. (hawaiireporter.com)
White House officials have not met with any of the Democratic Senators considered potential swing votes in the fight to overhaul Social Security since President Bush's primetime news conference last month in which he laid out several more proposals to restructure the retirement system. (rollcall.com)
Yet, every time Republicans propose something to move these programs in that direction, even on a limited, optional basis - from Bush's private Social Security accounts plan to Paul Ryan's Medicare premium support plan to Health Savings Accounts - Democrats from Obama on down react with shrieking horror at altering the collectivist structure of these programs. (redstate.com)

In addition, this Wild Toad's Ride of spending is coming just as the bill is coming due for the Baby Boomers ' Social Security and Medicare. (blogspot.com)
This is a figure that's expected to grow over time as Americans live longer, and as baby boomers exit the workforce and enter retirement. (foxbusiness.com)
In the long term, Social Security will be strained by the growing number of baby boomers retiring and applying for benefits. (theskanner.com)
While a fraction of that surplus is currently being drawn on to pay benefits to baby boomers born between 1946 and 1964, it also has a built-in source of continuing revenue: Social Security bonds which the fund cashes in for U.S. Treasury bonds, similar to how corporations refinance their debt. (cpusa.org)
As pointed out in a 2005 report to the CPUSA National Board, the privatizers tell young workers they are being taxed to finance the retirement of 'greedy' baby boomers, and claim there will be nothing left for current workers. (cpusa.org)

This year's version splits the difference-not easy when Trump says Social Security is just fine and years of GOP wisdom say it's a disaster. (money.com)
Even if Democrats are able to flip the current GOP majority in the Senate and House, President Trump would almost assuredly refuse to sign off on Social Security reform legislation presented by the opposing party. (foxbusiness.com)
However, with Ryan retiring from politics after his current term is up, and President Trump essentially suggesting that targeting Social Security reforms during an election year is political suicide, without using that exact phrase, it would seem that the GOP's hands are tied until after the 2020 elections. (foxbusiness.com)
Trump says he will not cut Social Security benefits. (prwatch.org)
But as the Trump administration has made clear, they are not about to give up on their tax cut plans. (thefiscaltimes.com)
At a June rally in Phoenix, Trump said: "We're going to save your Social Security without killing it like so many people want to do. (forbes.com)
During the campaign, Trump said something similar: "I will do everything within my power not to touch Social Security, to leave it the way it is. (forbes.com)
But Trump left the window open to future reforms in his comments to AARP, saying: "As our demography changes, a prudent administration would begin to examine what changes might be necessary for future generations. (forbes.com)
Similarly, Trump policy adviser Sam Clovis recently said at the 2016 Fiscal Summit of the Peter G. Peterson Foundation: "After the administration has been in place, then we will start to look at all of the programs, including entitlement programs like Social Security and Medicare. (forbes.com)
And although Trump hasn't aligned himself with the Republican platform, that document says: "We reject the old maxim that Social Security is the 'Third Rail' of American politics, deadly for anyone who would change it…Of the many reforms being proposed, all options should be considered to preserve Social Security. (forbes.com)

Giuliani backed adding private accounts for Social Security, a proposal that failed to win support when offered by President George W. Bush in 2005, and cutting the cost of health insurance so that more people can buy their own coverage. (issues2000.org)
Bush proposes allowing small businesses to set up collective or individual retirement accounts for workers. (politifact.com)
That doesn't mention 70 as the potential new retirement age for full benefits, though Bush did use that number earlier this year on CBS' Face the Nation . (politifact.com)
And on June 2, a few days after appearing on Face the Nation, Bush told Fox News' Neil Cavuto , "Social Security - I think we need to adjust it, because life expectancy has gone up, … adjusted by retirement age going up. (politifact.com)
President George W. Bush used his annual State of the Union speech on February 2 to call for sweeping changes to the nation's Social Security system, a call that has been met with approval, doubt, and opposition from lawmakers and interest groups. (heartland.org)
Bush warned lawmakers that, without action, the Social Security system is on a path toward insolvency, the result of the nation's aging population. (heartland.org)
The Bush plan would allow workers to pass on money in their private accounts to their children or grandchildren, which Dreier told McLaughlin should be "very appealing" to younger workers. (heartland.org)
When Bush said Social Security would be bankrupt by 2042, Democrats in the gallery could be heard shouting "No! (heartland.org)
Bush cited numbers from the Social Security Trustees report of 2004 showing Social Security will be paying out more than it takes in starting in 2018, with the shortfall growing larger each year. (heartland.org)
Social Security was a great moral success of the twentieth century, and we must honor its great purposes in this new century," Bush said. (heartland.org)
Bush also secretly authorized the National Security Agency to conduct warrantless surveillance of communications in and out of the United States. (wikipedia.org)
Shortly after the September 11 attacks, Bush announced the creation of the Office of Homeland Security and appointed former governor of Pennsylvania Tom Ridge its director. (wikipedia.org)
WASHINGTON (Talon News) - Last week, President Bush vowed to take the debate over Social Security reform to the American people. (hawaiireporter.com)
MoveOn.org, the liberal 527 that tried to defeat Bush in 2004, is targeting House members it considers vulnerable on the issue of Social Security. (hawaiireporter.com)
The group claims that Bush plans to cut benefits in order to pay for private accounts. (hawaiireporter.com)
tapped Baucus to serve as the lead negotiator for any and all Social Security reform proposals put forward by Bush. (rollcall.com)
Former President George W. Bush attempted to pass Social Security reforms in 2005 that would have allowed younger people to set aside retirement funds in private accounts which would make money off of stocks, bonds and other types of financial investments. (prwatch.org)

As expected, Republicans said the best way to rescue Social Security was to reduce benefits, while Democrats sought to give the program breathing room by raising taxes. (brookings.edu)
He'd also increase the Medicare eligibility age gradually to 67 by 2040 - and turn Medicaid into a block grant program to the states, which Republicans have long proposed and critics say could mean reduced benefits over time. (nbcphiladelphia.com)
Voted YES on reducing tax payments on Social Security benefits. (ontheissues.org)
Vote to pass a bill that would reduce the percentage of Social Security benefits that is taxable from 85 to 50 percent for single taxpayers with incomes over $25,000 and married couples with incomes over $32,000. (ontheissues.org)
Our Human Chain Against the Chained CPI events in the summer of 2013 took place in more than 50 cities and mobilized support for stopping this cut to earned Social Security benefits. (ontheissues.org)
Paying Social Security benefits to current and future beneficiaries is a case in point. (money.com)
Yet not a penny of the present value of future Social Security benefits is included in official reports of what the government owes. (money.com)
That would mean that you would not be able to get your full Social Security benefit unless you waited until age 70 to start drawing benefits. (disability-benefits-help.org)
Most people have been paying into Social Security since they started working and they are depending on Social Security benefits to help fund their retirement. (disability-benefits-help.org)
Republicans largely want to reduce spending by cutting Social Security benefits and increasing the full retirement age to 70. (disability-benefits-help.org)
And younger workers cannot be expected to pay into a system that will use their money to pay benefits to current Social Security recipients knowing there won't be any money left for them when it is their tun. (disability-benefits-help.org)
Cut benefits (raise the full retirement age or freeze cost-of-living adjustments). (fool.com)
An informal poll conducted by The Washington Post in 2014 that allowed online readers to choose between 12 options to fix Social Security (six to raise revenue and six to cut benefits) found that around 70% believed raising he maximum taxable earnings cap was the smartest solution. (fool.com)
Luckily, due to the united opposition to privatization in 2005, no one lost a penny in Social Security benefits. (house.gov)
The reforms they settled on reduced benefits in three important ways. (pressreader.com)
First, the "normal retirement age" at which full benefits could be received was gradually increased from 65 to 67. (pressreader.com)
Republican-s don't have to like raising taxes any more than Democrats like reducing the growth of benefits. (pressreader.com)
A new, more efficient formula would be used to set cost-of-living adjustments for Social Security, veterans benefits, military and federal annuities and survivor benefits. (stripes.com)
The current 20-year system would be replaced, presumably for new entrants, with a plan that vests benefits after only 10 years and delays those annuities until age 60. (stripes.com)
Right now, those trust funds - the Old-Age and Survivors Insurance Trust Fund (OASI), which pays retirement and survivor benefits, and the Disability Insurance (DI) Trust Fund, which pays disability benefits, are both scheduled to run out of money in just 13 years. (seniorvoicealaska.com)
Larson's proposal would also repeal rules that reduce Social Security benefits for public workers and their spouses, widows or widowers who also have pension income. (seniorvoicealaska.com)
benefits after 15 years, eliminating a five-month waiting period to receive disability benefits and creating caregiver credits so that the retirement benefits of those who take time out of the workforce are not reduced. (seniorvoicealaska.com)
This week, Rep. John Larson (D-CT), chair of the Social Security Subcommittee of the House Ways and Means Committee, held two historic hearings on expanding Social Security benefits. (forbes.com)
87% of Democrats, 73% of Independents and 51% of Republicans agree: Expand, don't cut, benefits - while requiring the wealthiest among us to pay their fair share. (forbes.com)
Such a plan can still be supplemented by welfare-style benefits if it leaves the poorest Americans short, but it would free most Americans from being tied into a single, one-size-fits-all plan where their benefits are tied to everyone else's. (redstate.com)
Last year's Social Security Board of Trustees report estimates that it'll begin paying out more in benefits than it collects in revenue beginning in 2022. (foxbusiness.com)
Even if nothing is done to shore up the system, Social Security can continue to pay three-fourths of promised benefits after the trust fund runs out. (prwatch.org)
A decrease in Social Security benefits would leave over half of elderly Americans in poverty, hitting African Americans, Latinos and women the hardest. (prwatch.org)
WASHINGTON - U.S. Senator Bill Cassidy, M.D. (R-LA) penned an op-ed in the National Review highlighting President Biden and Trump's "Do Nothing" plan, which results in an automatic 24% cut in Social Security benefits in nine years. (senate.gov)
They need Senator Warnock to remain in the Senate to fight for their vital Social Security and Medicare benefits - and to continue advocating for lower prescription drug prices. (ncpssm.org)
With inflation running over 7% this year and health care costs soaring, they depend on their Social Security and Medicare benefits now more than ever. (ncpssm.org)
Now that Social Security is running deficits, the federal government will have to find money elsewhere to help pay for retirement, disability and survivor benefits. (theskanner.com)
Some Democrats have criticized plans to cut Social Security benefits as secret plots to destroy the program. (theskanner.com)
The various plans tackle this problem in different ways but even after their changes in benefits by changing the indexing they end up with results as seen here. (angrybearblog.com)
The only way to shore up Social Security is by raising taxes, cutting benefits (which could include raising the retirement age) or both. (forbes.com)
In fact, she wants to expand Social Security benefits for some people (detailed below). (forbes.com)
Yet, the distortions and lies about Social Security are so widely and so frequently repeated that younger people in the U.S. accept as an incontestable fact the myth that they will not get Social Security benefits after a lifetime of paying into it. (cpusa.org)
Social Security embodies the best of our values: that all human beings deserve dignity, freedom, and independence, and that we are all connected, sharing the same risks and benefits. (cpusa.org)
invariably the plan is, instead, to cut benefits many years in the future. (ourfuture.org)

Thomas, who met with Nelson to discuss options within the past two weeks, has expressed support for both pillars of the president's plan: creating private accounts within Social Security and progressive indexing to make up for the funding shortfall. (rollcall.com)
Unlike Ryan's and President Obama's budgets, the RSC budget attempts to address the funding shortfall facing Social Security. (crfb.org)

Comments by other Republican lawmakers, however, reflect more trepidation than enthusiasm. (heartland.org)
The free market movement has provided many reform ideas over the years, so lawmakers have plenty of options to choose from. (mercatus.org)
However, one of the biggest issues with Social Security reform has been in getting lawmakers to agree on anything. (foxbusiness.com)
Lawmakers from both parties have vowed to address the nation's financial problems, including such contentious issues as Social Security and Medicare. (theskanner.com)

Life expectancy has increased substantially since Social Security was created in 1935. (politifact.com)
Social Security is a social safety net that was created by the Social Security Act of 1935 by our President Roosevelt. (disability-benefits-help.org)
Society looks very different today than when President Franklin D. Roosevelt signed the Social Security Act in 1935. (senate.gov)
It is no secret that Republican's opposed the creation of Social Security in 1935 and the array of social programs established by the Great Society in 1964-65. (angrybearblog.com)

In fact, his priorities as panel chairman included expanding entitlements: ending a Survivor Benefit Plan offset for widows, lowering the age 60 start of reserve retirement and providing some military retired pay atop disability compensation for members forced to retire before reaching 20 years due to disability or injury. (stripes.com)
the mere suggestion of raising the retirement age by two years is met with howls of protest by the left, despite the fact that life expectancy has significantly increased since the passage of these entitlements. (hamodia.com)
The reforms I would like to see -- and I'm campaigning on fundamental reform to preserve entitlements. (prwatch.org)

Before drawing too much inspiration from this history, however, we should recognize that this rescue was anything but assured when Mr. Conable and the other members of the bipartisan National Commission on Social Security Reform began work under the leadership of Alan Greenspan in February 1982. (brookings.edu)
Biden should know this - because he was directly involved with one bipartisan compromise that kept Social Security solvent for decades and another that failed to pass. (pressreader.com)
As vice president, Biden was the administra-tion's point man in the bipartisan budget talks, which eventually broke down when Republican-s backed away from tax-rate increases. (pressreader.com)
Congressio-nal Republican-s, for their part, need to banish any illusions that a bipartisan deal would not include tax increases, most likely on higher-income Americans. (pressreader.com)
But accepting policies you don't like is the price of a bipartisan fix - the only possible solution to Social Security insolvency. (pressreader.com)
Senate Democrats suggest that the pace of outreach is slow and is a sign that the White House is trying to win the public relations battle rather than develop a substantive - and bipartisan - proposal to restructure the retirement system. (rollcall.com)
Cassidy is leading a working group with U.S. Senator Angus King (I-ME) and a bipartisan group of colleagues to preserve and protect Social Security. (senate.gov)
He questioned U.S. Treasury Secretary Janet Yellen on the Biden administration's lack of a plan to address Social Security at a Senate Finance hearing and delivered a speech on the Senate floor calling on President Biden to honor his pledge to protect Social Security and meet with a bipartisan group of senators currently discussing options to save the program. (senate.gov)
He also outlined his Social Security plan in a fireside chat with the Bipartisan Policy Committee. (senate.gov)
It is a truism, therefore, that Social Security reform must be bipartisan. (senate.gov)

Kath Allen, who works with a committee devoted to preserving Social Security and Medicare, didn't agree with his approach but was glad he talked about the issue. (nbcphiladelphia.com)
In this week's #TaxReformTuesday video , Ways and Means Committee Members highlight how pro-growth tax reform will improve the lives of workers, families, and job creators. (house.gov)
Featuring #TaxReformTuesday videos from South Dakota to South Florida, Committee Republicans across the country discuss how the people in their communities will benefit from lower taxes, a level playing field, a simpler tax code, and a fairer tax collector. (house.gov)
As a member of the Ways and Means Committee, which oversees both Medicare and Social Security, Bill helped to write the historic health reform bill to lower costs under Medicare by making certain preventative services free and by addressing the gap in prescription drug coverage, otherwise known as the donut hole. (house.gov)
The Republican National Committee is calling on the 527 group to remove the ad from its web site and cancel plans to air it on television. (hawaiireporter.com)
The National Republican Congressional Committee criticized House Minority Leader Nancy Pelosi (D-CA) for remarks she made at the National Press Club on Monday. (hawaiireporter.com)
As such, the burden for moving the ball forward on Social Security has shifted for now to the House, where Ways and Means Chairman Bill Thomas (R-Calif.) has said he plans to report a bill out of his committee within the next month. (rollcall.com)
Democrats are jittery, however, about a potential break in their ranks, which is what happened in 2003 when Montana Sen. Max Baucus (D), ranking member of the Finance Committee, worked with Republicans to hash out a Medicare prescription drug bill, even as most of his colleagues were barred from the negotiations. (rollcall.com)
Just after House Democrats released their budget this week, the Republican Study Committee has come out with its own proposal to balance the budget in just four years. (crfb.org)
Under Larson's leadership, Democrats are holding public hearings and, presumably, plan to record their votes on the issue in the Ways and Means Committee and the House floor. (forbes.com)

Giuliani incorrectly described a proposal by Clinton to boost Americans 401(k) plans. (issues2000.org)
Democrats are all for giving Americans more of a say and more choices when it comes to their retirement savings," Reid said. (heartland.org)
The mission of the Alliance for Retired Americans is to ensure social and economic justice and full civil rights for all citizens so that they may enjoy lives of dignity, personal and family fulfillment and security. (ontheissues.org)
It would be difficult to overstate the importance of Social Security for most Americans. (disability-benefits-help.org)
But it is bad for the Americans who will depend on the nation's retirement and disability program in the future. (pressreader.com)
Republicans understand the devastating effects Obamacare is having on the economy, on jobs, and on insurance rates: Americans are now finding it harder to find full-time work from employers seeking to remain outside the mandate, and insurance premiums have skyrocketed since passage of the bill. (hamodia.com)
For 80 years, in strong and weak economic times, Social Security has benefited every individual who has paid into it upon reaching retirement age, protecting millions of Americans from poverty. (prwatch.org)
Americans are facing an unprecedented retirement security crisis. (prwatch.org)
Americans view Social Security as a sacred trust. (senate.gov)
Social Security is one of the most vital issues for older Americans. (forbes.com)
They also argue that African Americans are being ripped off by Social Security because of their shorter lifespans. (cpusa.org)

In an effort to broaden the effort to include Republicans and get enough support to pass something, Rep. John Larson, D-Conn., chair of the House Ways and Means Social Security Subcommittee, is making some changes to previous versions of the legislation he's introduced. (seniorvoicealaska.com)
For years, Larson, as ranking Democratic member of the Social Security subcommittee, requested the kind of hearings that he held this week. (forbes.com)

We should put together 5 Democratic & 5 Republican senators and tell them, Give me 2 or 3 options, and then we ll negotiate it out. (issues2000.org)
The Senate plans to vote on Democratic and Republican legislation to replace the first year of sequestration Thursday. (rollcall.com)
It urged Democratic leaders to repudiate the ad and work with the President to fix Social Security. (hawaiireporter.com)
Forti chided the Democratic leader for the figures that she used since no plan has yet been advanced that would allow her to extrapolate any meaningful numbers. (hawaiireporter.com)
Conrad visited the White House several weeks ago to discuss the raw numbers involved in instituting major changes to Social Security but the meeting was not productive, according to informed Democratic sources. (rollcall.com)
We have a broader, proactive retirement reform initiative, separate and apart from Social Security," said one Democratic Senate leadership aide, who spoke on the condition of anonymity. (rollcall.com)
Previous versions of Larson's proposals have had nearly unanimous Democratic support but have failed to get Republicans on board. (seniorvoicealaska.com)
True bipartisanship means enacting what both Republican and Democratic voters want. (forbes.com)
The so-called crisis of Social Security is a result of the Republican and Democratic governments siphoning off payments into the general fund. (dissidentvoice.org)

Under the progressive indexing proposal, low-income workers would continue to receive their full retirement compensation, while middle-class and affluent workers would see significant benefit reductions. (rollcall.com)
Senate Democrats continue to present a unified front in opposition to private accounts and will not propose a plan of their own until that plank of the president's proposal is taken off the table. (rollcall.com)
But Republican anti-tax activist Grover Norquist was not happy and warned that Republicans who support the proposal would be breaking their pledge not to raise taxes. (atlanticphilanthropies.org)
The Republicans suffered a humiliating defeat on their proposal to cut taxes for the wealthy disguised as healthcare reform. (thefiscaltimes.com)
We did not incorporate such a provision in our plan because changes to tax policy outside of Social Security are beyond the scope of our proposal. (angrybearblog.com)

S even Republican presidential candidates met for a debate on the Fox Business Network in Charleston, South Carolina. (time.com)

Not that that's a surprise after Curbelo called Social Security a 'Ponzi scheme' and voted for Speaker Ryan's devastating budget. (politifact.com)
Ryan's assertion raises an implicit challenge, one that Republicans themselves have not wholly thought through: Why bother with national health reform at all? (vox.com)
On health care, they range from freeing the provision of health care from government-imposed constraints that cause ever-rising costs to Rep. Paul Ryan's plan and medical savings accounts. (mercatus.org)

As we know, the drivers of our Greek fiscal future are so-called entitlement programs, such as Medicare, Social Security, Medicaid and Affordable Care Act subsidies. (mercatus.org)
They can allow the national debt to expand substantially, by trillions if they make good on their tax cut promises, or they can cut entitlement programs such as Social Security and Medicare. (thefiscaltimes.com)

Every Republican wants to do a big number on Social Security, they want to do it on Medicare, they want to do it on Medicaid. (prwatch.org)

are now crying foul when Republicans are working within the congressional rules to try to defund Obamacare. (hamodia.com)
Consider the individual mandate, a feature of Obamacare that Republicans have targeted for criticism. (thefiscaltimes.com)

And in a trip to Newport News, Va., with President Barack Obama on Tuesday, Virginia Republican Rep. Scott Rigell, who represents the district that includes a large military presence around Newport News and Norfolk, said he favored raising additional revenue as part of a tax overhaul. (rollcall.com)
That 18-member blue-ribbon panel plans to deliver a final report to President Barack Obama by December on ways to tackle a U.S. debt crisis. (stripes.com)
Barack Obama has posed, at times, as a reform-minded Democrat on education for supporting charter schools. (redstate.com)
President Obama has a plan to lower the corporate tax rate. (blogspot.com)
President Barack Obama and Mitt Romney have begun a new form of competition: proposing corporate tax cut plans that they claim, wrongly, won't cost the Treasury a dime. (blogspot.com)
Senate Republican leader Mitch McConnell of Kentucky said he is ready to work with Obama on Social Security and other tough issues. (theskanner.com)

On Social Security, in particular, the platform takes some liberties with Trump's views. (money.com)
First, two caveats: Trump's positions sometimes differ from the Republican Party platform, are still unknown or may change if he's elected (more on that shortly). (forbes.com)

Senator Scott sponsored legislation that would require all Federal programs, including Social Security, to sunset every five years unless specific conditions were met. (disability-benefits-help.org)
It should be easy to come up with legislation that free market Republicans could support, seeing as many of the Republicans running for president have issued their own plans to get rid of special carve-outs, lower the rates and end the tax code's biases against saving and investment. (mercatus.org)

If those senators hold their ground, they could stop any reform, because the remaining 56 votes would be short of the 60 needed to avoid a filibuster and move a bill through the Senate. (heartland.org)
Without question, however, the fight over whether and how best to remake Social Security has been placed on the back burner in the Senate in recent weeks as the coming battle over judicial nominations has heated up. (rollcall.com)
appears ready to trigger the nuclear option to end filibusters on the president's judicial nominees this week, a move that Senate Democrats have pledged will stifle any further legislative business not directly tied to national security concerns. (rollcall.com)
Regardless of what happens legislatively in the House, the Senate remains the center of the Social Security fight. (rollcall.com)
What might happen to Social Security if Democrats flip the Senate and/or House in November? (foxbusiness.com)
Meanwhile, if the GOP manages to hang onto its majority in the Senate and House, Social Security reforms also appear unlikely. (foxbusiness.com)

I believe Sen. McConnell would do more revenue for entitlement reform. (rollcall.com)

In 2012, the Obamabiden administra-tion proposed a budget for the next fiscal year that would have reduced Social Security COLAS as part of a "grand bargain" with congressio-nal Republican-s to reduce budget deficits in general. (pressreader.com)
Military personnel and federal civilian workers would see pay levels frozen for three years and their out-of-pocket medical costs rise under a proposed plan to cut federal budget deficits by $200 billion a year by 2015. (stripes.com)
The RSC budget adds yet another approach to reducing deficits and debt, being the most aggressive of the plans that have come out. (crfb.org)
New congressional projections show Social Security running deficits every year until its trust funds are eventually drained in about 2037. (theskanner.com)
But CBO said last year that Social Security would post surpluses for a few more years before permanently slipping into deficits in 2016. (theskanner.com)
Social Security experts say news of permanent deficits should be a wake-up call for action. (theskanner.com)

The others will be on national security and national defense, taxes and economic policy and energy. (nbcphiladelphia.com)
Reduce taxes on Social Security earnings. (ontheissues.org)
This reform should be revenue neutral, eliminate all corporate tax expenditures, lower corporate income tax rates and implement a reasonable tax on foreign earnings that allows the free flow of capital back to the U.S. We make this recommendation with our eyes wide open, realizing this would likely increase Apple's U.S. taxes. (macdailynews.com)
Everyone who works pays into Social Security through taxes on their income throughout their career. (disability-benefits-help.org)
As it stands, Larson's current plan calls for increasing Social Security taxes paid by higher-wage earners. (seniorvoicealaska.com)
Republicans on the other hand generally want to cut taxes and spend money. (blogspot.com)
Social Security also has a mandate - if you report income to the government you have no choice but to pay Social Security taxes-and the program wouldn't work without it. (thefiscaltimes.com)
The rich currently avoid taxes through the Social Security tax cap , which saves high income tax filers from having to pay anything toward Social Security on any income over $160,200. (cpusa.org)

However, both parties have very different ideas of what changes need to be made to keep Social Security viable. (disability-benefits-help.org)
Instead of working toward a viable Social Security solution, we already see them working to exacerbate the problem for political gain. (hawaiireporter.com)
Policymakers have tools at their disposal to reform Social Security and make sure the program remains viable for future generations. (senate.gov)

During a news conference the day after the address, Sen. Chuck Schumer (D-NY) said, "Many of us believe that privatization … is a code word to destroy Social Security, not preserve it. (heartland.org)
On the other hand, the platform says that, "Of the many reforms being proposed, all options should be considered to preserve Social Security. (money.com)
The Republicans vow to cut Social Security, while the Democrats want to preserve it. (disability-benefits-help.org)

It is almost 22 years to the month since Representative Barber Conable Jr. strode to the floor of the House to defend a carefully constructed plan to save Social Security. (brookings.edu)
Two years ago, plenty of pundits were warning that the pandemic-induced economic plunge would blow huge holes in these two mammoth social insurance battleships. (morningstar.com)
For years, Republicans have deployed themes of federal arrogance and overreach to underwrite their attacks on health reform. (vox.com)
Both parties want to make changes to the existing structure of Social Security because, as it currently stands, the program will be depleted in less than 20 years. (disability-benefits-help.org)
has proposed a plan that would increase the amount of the full Social Security benefit by $200 and fund the program for another 75 years. (disability-benefits-help.org)
For two years, Republican-s and Democrats were engaged in heated rhetoric over what to do about it. (pressreader.com)
Under their "Do-Nothing" plan, Social Security will be insolvent in nine years. (senate.gov)
The massive retirement program has been feeling the effects of a struggling economy for several years. (theskanner.com)
For much of the past 30 years, Social Security has run big surpluses, which the government has borrowed to spend on other programs. (theskanner.com)
Wouldn't it be better if people were mandated to contribute to their retirement during their younger, working years? (thefiscaltimes.com)

South Florida needs someone who will fight for Social Security - not work to end it. (politifact.com)

The Republican proposals call for taxing that money at rates of no more than 14.5 per cent, whether or not it is returned home. (macdailynews.com)
There are a number of proposals working their way through both sides of the political aisle as both parties try to make changes to Social Security without causing too much of an uproar among voters. (disability-benefits-help.org)
It is imperative to recognize that Larson's bill is already a relatively moderate plan, which should have plenty for Republicans to like: It increases the Social Security contributions that everyone would pay, in contrast to other proposals financed exclusively by requiring the wealthy to pay their fair share. (forbes.com)
The national debt would balloon under tax policies championed by three of the four major Republican candidates for president, according to an independent analysis of tax and spending proposals so far offered by the campaigns. (blogspot.com)

Christie proposed increasing the retirement age for Social Security to 69, beginning with gradual increases in 2022, as well as raising the early retirement age to 64 from 62, and changing the way cost-of-living increases are calculated for Social Security and other benefit programs, an adjustment that would mean smaller increases in the future. (nbcphiladelphia.com)
With most Democrats opposing benefit reductions and Republican-s opposing any tax increases, policymake-rs are at an impasse. (pressreader.com)
Many Republicans have refused to consider tax increases. (theskanner.com)

The group is planning to spend $500,000 to broadcast an ad that it features on its web site in key congressional districts following the president's speech on Wednesday. (hawaiireporter.com)
At a recent Congressional hearing, some of these ideas seemed to garner some Republican support. (seniorvoicealaska.com)
In February, the Congressional Budget Office updated its estimates saying Social Security is heading toward a financial cliff in 2032. (senate.gov)

This includes 85% of Democrats, 65% of Independents, and a majority of Republicans. (cpusa.org)

The successful compromise was reached in 1983, when Social Security was mere months away from insolvency. (pressreader.com)
In March, the Trustees of the Social Security and Medicare trust funds moved up the Social Security insolvency deadline a full year. (senate.gov)
They found Medicare and Social Security spending rapidly outpacing federal tax revenues further hastening the insolvency deadlines. (senate.gov)

The original purpose of Social Security was to ensure that, as people get older and can no longer work, they would still have income that they could rely on to pay for their living expenses. (disability-benefits-help.org)
Comparatively, the CBPP estimates that senior poverty rates would be approaching 41% without the aid of monthly Social Security income. (fool.com)
This program is designed specifically with low-income people in mind, and keep in mind that the group that we're going to call low-income, fixed-income, is the Social Security crowd. (blogs.com)
For the working poor, who have no discretionary income, they end up totally dependent on the Social Security system. (blogs.com)
But at the same time, it would also raise the thresholds above which income, including Social Security, is taxed. (seniorvoicealaska.com)

It also would convert Medicare to a premium support system starting in 2019 for new beneficiaries -- with premium subsidies based on the average plan bid -- and would raise the Medicare retirement age to 67 starting in 2024. (crfb.org)
The blueprint would raise the early retirement age to 64 and the standard retirement age to 69 for today's toddlers. (atlanticphilanthropies.org)
I think we need to raise the retirement age, not for people that are already nearing, receiving Social Security, or already on it, but raise it gradually, over a long period of time for people that are just entering the system. (prwatch.org)
Carson wants to raise the retirement age . (prwatch.org)
The only stated solution to reform social security is 'we will raise the retirement age. (debatepolitics.com)

The group has launched a petition calling on all federal policymakers to keep Social Security strong . (prwatch.org)
So long as Social Security was running surpluses, policymakers could put off the need to fix the program," said Andrew Biggs, a former deputy commissioner at the Social Security Administration who is now a resident scholar at the American Enterprise Institute. (theskanner.com)

So they retooled and moved on adding other plans to the Ferrara Plan, all however having as a central element the ultimate elimination of Social Security in favor of Personal Retirement Accounts. (angrybearblog.com)

Despite his best efforts to convince the public that Social Security was going broke, Ronald Reagan got exactly nowhere. (brookings.edu)
Today, however, if pronouncements that the Social Security Trust Fund is going broke continue to be ignored, that trust may well be broken. (senate.gov)
Next time someone tells you Social Security is going broke, remember: the Social Security trust funds are actually owed money from the guaranteed government bonds it has purchased. (cpusa.org)

Can the Actuarial Reduction for Social Security Early Retirement Still be Right? (ippfa.org)

One of the proposed changes to help shore up the Social Security program is to extend the full age of retirement to 70. (disability-benefits-help.org)
Nobody will find prosperity with the current social security program. (blogs.com)
Because Social Security is such a large public sector program, with almost $3 trillion in reserves, Wall Street has long wanted to get its hands on it. (prwatch.org)

Obama's approval ratings are high and holding steady, Democrats remain far more popular than Republicans, Democrats held the first special election, and now they've picked up a party switch. (blogspot.com)
The Bowles-Simpson blueprint lays out a five-step plan that would exceed Obama's targets, if adopted. (atlanticphilanthropies.org)

The Social Security Old-Age, Survivors, and Disability Insurance Trust Funds had more than $2.8 trillion in reserves at the beginning of 2022. (cpusa.org)

The fact that the leading candidates of both our political parties endorse this Do-Nothing plan should be cause for concern. (senate.gov)

Yet the ACA is a federal statute, and the progressive push for health reform has had a doggedly national focus. (vox.com)
Strictly as a strategic matter, the campaign for national health reform needs some defending. (vox.com)
But concerns about externalities can't justify health reform. (vox.com)
Nor are states locked in a race to the bottom that prevents them from embracing health reform. (vox.com)

Before and during this crisis, Social Security and Medicare have functioned as social insurance lifelines, which is, of course, their original purpose. (ncpssm.org)
The outlook, however, has grown bleaker as the nation struggles to recover from its worst economic crisis since Social Security was enacted during the Great Depression. (theskanner.com)
The funding crisis that faced Social Security in the late seventies was seen by these people as their great opportunity. (angrybearblog.com)

Scoring system for 2014: Ranges from 0% (supports privatization and other market-based reforms) to 100% (supports keeping federal control over Trust Fund and Social Security system). (ontheissues.org)

Organisms1

Diseases4

Analytical, Diagnostic and Therapeutic Techniques and Equipment33

Psychiatry and Psychology48

Phenomena and Processes4

Disciplines and Occupations4

Anthropology, Education, Sociology and Social Phenomena58

Technology, Industry, Agriculture6

Humanities4

Information Science18

Named Groups5

Health Care138

Geographicals10

Privatize9

Congress16

Security's13

Retirees17

House Republicans3

Medicare and Medi3

Payroll10

Midterm Elections4

Deficit9

Solvency7

Seniors22

Cuts19

Donald Trump4

Democrats and Republicans1

Bush's6

Baby Boomers5

Trump10

Bush17

Benefits39

Shortfall2

Lawmakers4

19354

Entitlements3

Bipartisan10

Committee10

Americans11

SUBCOMMITTEE2

Democratic9

Proposal5

Presidential1

Ryan's3

Entitlement programs2

Medicaid1

Obamacare2

Obama6

Trump's2

Legislation2

Senate6

McConnell1

Deficits6

Taxes8

Viable3

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Years10

South Florida1

Proposals4

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Congressional3

Independents1

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Income5

Raise5

Policymakers2

Personal retirement accounts1

Broke3

Early-retirement1

Program3

Obama's2

Disability1

Candidates1

Health reform4

Crisis3

Trust Fund1