Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Senator Sherrod Brown, D-Ohio, the Ranking Member of the Finance Committee Social Security, Pensions, and Family Policy Subcommittee, along with eleven Senate Democrats, today introduced a bill to protect Americans who receive Social Security from having their benefits garnished to pay outstanding federal debts, such as student loans.
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To recoup student-loan debt, the government is leaving people who rely on Social Security with benefits that fall below federal poverty guidelines, the Government Accountability Office said Tuesday.
The number of older Americans defaulting on education loans has steadily increased in recent decades, as many have returned to college or co-signed loans for family members. Unpaid debt has resulted in the government garnishing the benefits of 114,000 people age 50 and older in the past year, more than half of whom were receiving Social Security disability rather than retirement income, the GAO report said.
via Washington Post.
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May is Older Americans Month, but the Trump administration and Congressional Republicans are putting a serious damper on the celebration. Yes, candidate Trump promised not to touch Social Security, Medicare, and Medicaid.
But his administration has been actively undermining those pledges. Budget Director Mick Mulvaney — who once called Social Security a Ponzi scheme — questioned the legitimacy of Social Security Disability Insurance — and wouldn’t promise a Presidential veto of legislation to privatize Medicare (a pet project of House Speaker Paul Ryan).
President Trump champions the GOP’s American Health Care Act, which guts
Medicaid, undermines the solvency of Medicare, and allows insurers to
charge older Americans up to five times as much as people in their 20s.
More on this issue here via The Hill.
Social Security kept 22 million people out of poverty in 2015, the center analysis shows, including 15 million seniors. Without their Social Security benefits, 40.5 percent of elderly Americans would have had incomes below the official poverty line; with Social Security, only 8.8 percent did (see chart).
via US News.
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Congress needs to BOOST Social Security benefits for all working Americans.
President Roosevelt’s vision has most certainly endured. Today, Social Security provides some 61 million Americans and their families with basic financial security upon retirement or disability. For older Americans, Social Security can mean the difference between financial well-being and poverty. Two out of three seniors rely on Social Security for most of their income, and one-third of seniors depend on it for at least 90% of their income. Public polling consistently shows that Social Security enjoys overwhelming support from majorities of Americans across party lines.
Over the years, Social Security has been modified (with bipartisan support) to expand benefits and keep the system financially sound. This year, Social Security has come under new threat from budget hawks in the Trump administration and on Capitol Hill. But as generations of Roosevelts have
shown us, Social Security is worth fighting for. On this, Social Security’s 82nd anniversary, we at the National Committee recommit ourselves to preserving this landmark program for current and future generations of Americans.
Read more from our blog post here marking this anniversary by clicking here.
Social Security faces a long-term funding shortfall, but not because its benefits are too generous. In fact, they’re modest, and reckless benefit cuts could significantly boost poverty – particularly among the elderly but also among younger adults and children – a new analysis of Census data by my Center on Budget and Policy Priorities colleagues Kathleen Romig and Arloc Sherman finds.
via US NEWS.
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- Parents Depend on Social Security for Their Children.
- Social Security is among the nation’s largest programs serving children. About 4.4 million American children receive approximately $2.7 billion in Social Security benefits each month because at least one of their parents is disabled, retired or deceased.
However, some conservatives in Congress insist that relief for programs like the Older Americans Act be paid for by cutting Medicare and Medicaid. This budgetary sleight-of-hand could trade partial relief for some seniors’ programs by cutting other essential health security programs like Medicare and Medicaid, thus further eroding the tenuous economic situation many older Americans face.
Max Richtman via Huffington Post.
Older Americans are the country’s largest voting bloc, but during the first four Democratic presidential debates, the moderators didn’t ask even one question about Social Security. This makes no sense.
How long do seniors have to wait until they hear the Democratic presidential candidates’ positions on Social Security during a primary debate? Older Americans are the country’s largest voting bloc, but during the first four Democratic presidential debates, the moderators didn’t ask even one question about Social Security. This makes no sense.
The father of Social Security is one of the most revered Democratic presidents. And yet not a single mention of the program during debates by the party of Franklin Roosevelt? The 63 million citizens who currently rely on their earned benefits to remain financially healthy want to hear the candidates answer at least one debate question – and provide some real answers. The next Democratic debate on October 15th provides yet another opportunity to raise this crucial topic.
Read more from our newest op-ed by clicking here.
Do older Americans want bigger Social Security checks and expanded Medicare coverage – or do they want their benefits cut?
That is the fundamental question for seniors and their families with less than two weeks until the mid-term elections. The majority party in Congress has proposed time and again to slash Social Security and Medicare benefits under the guise of ‘entitlement reform.’ Leader Mitch McConnell just attributed the swelling federal debt to retirees’ earned benefits – when the real culprit was the 2017 tax package that mainly benefited the wealthy and big corporations.
The majority party’s 2018 and 2019 budgets would have taken a $500 billion bite out of Medicare and $64 billion from Social Security. And make no mistake – conservative tropes like raising the eligibility age, imposing a more meager inflation formula, and means testing are benefit cuts.
Read more from our op-ed by clicking here.
In a rare victory for seniors, the passage of the FY 2018 Omnibus Appropriations bill in Congress increases funding for several programs that assist the elderly – and gives a much-needed boost to the beleaguered Social Security Administration (SSA). SSA gets an increase of $480 million over the previous fiscal year, including $100 million for reducing the backlog in Social Security Disability Insurance hearings – which some 10,000 Americans died waiting for in 2017. The funding bump – which the National Committee has long advocated – should also alleviate some of the excessively long wait times for customer service on SSA’s toll-free phone line and in-person at SSA field offices.
The Omnibus bill also includes $59 million more for Older Americans Act Senior Nutrition programs and an increase of $250 million for the Low-Income Home Energy Assistance Program (LIHEAP), while the State Health Insurance Program (SHIP) receives a modest increase in funding. The spending plan also gives a $414 million boost to the National Institutes of Health (NIH) for Alzheimer’s and dementia research.
Read more from our press release by clicking here.
Investment in home and community-based care is popular and must be included in #infrastructure. Now it’s up to Congress to get it done. https://www.nytimes.com/2021/06/04/opinion/elder-care-congress.html #HCBS @nytimes