Sen. Joni Ernst wants to discuss changes to Social Security "behind closed doors." A strategy for the GOP to hide their intentions in order to make benefit cuts.

“Republicans in Congress have never been good at hiding their intentions to gut Social Security.
In recent years, GOP luminaries from Senate Majority Leader Mitch McConnell of Kentucky down through Sen. Marco Rubio of Florida and former House Speaker... — Republicans in Congress have never been good at hiding their intentions to gut Social Security.
In recent years, GOP luminaries from Senate Majority Leader Mitch McConnell of Kentucky down through Sen. Marco Rubio of Florida and former House Speaker Paul Ryan of Wisconsin have talked about the need to slash “entitlements” because, you know, the cost of programs such as Social Security and Medicare is driving the federal deficit, leaving so little room for tax-cut handouts to the wealthy.
Now Sen. Joni Ernst (R-Iowa) has added her voice to the discussion, with an added fillip. During a town hall appearance in her home state over the weekend, Ernst said members of Congress should hold discussions about Social Security “behind closed doors.”
via Los Angeles Times.
**Related Reading:**
Sen. Joni Ernst wants to discuss changes to Social Security “behind closed doors.” A strategy for the GOP to hide their intentions in order to make benefit cuts.
**Please sign our petition by clicking here.**

Source: bit.ly

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Delaying retirement boosts Social Security checks

Max Richtman

It’s no secret that American workers face a major retirement crisis. Wealth inequality and workplace changes mean more and more retirees have come to rely on Social Security for most of their income. But the average monthly Social Security benefit in Maryland is $1,472 — or roughly $18,000 per year, which is only slightly above the federal poverty line. And even with Social Security, some 7 percent of Maryland’s seniors live in poverty.

The good news is that Maryland workers can increase the size of their future Social Security checks by delaying retirement. Delayed claiming past the early retirement age of 62 results in bigger monthly benefit checks for life, and waiting until after the current full retirement age of 66 yields even greater gains — up to 44 percent more than early claiming.

But too few Marylanders are taking advantage of this “delay-and-gain” strategy, or are even aware of it. The average age for claiming Social Security in Maryland is 64 — two years older than the minimum, but early enough to be penalized with lower benefits, which are cut by roughly 6 percent for every year that they file for Social Security before the full retirement age.

Read our full op-ed by clicking here.

Source: bit.ly politics social security social insurance delay and gain earned benefits p2 elderly seniors retirement retirees retirement crisis entitlements entitlement reform retirement age retirement security

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Opinion: Detroit workers win by delaying retirement

Workers in Detroit face a major — and very real — retirement crisis. Wealth inequality and workplace changes have practically sawed-off two of the legs of the traditional retirement stool: pensions and private savings. More than half of today’s retirees rely on the third leg of the stool, Social Security, for most of their income. Even with Social Security, some 7% of Michigan seniors live in poverty. The good news is that workers can increase the size of their future Social Security checks by delaying retirement.

Delayed claiming past the early retirement age of 62 results in bigger monthly benefit checks for life. Waiting until after the current full retirement age of 66 yields even greater gains — up to 44% more than early claiming. But too few of Detroit’s workers are taking advantage of this delay-and-gain strategy. More than half of Michigan workers retire by age 62 — four years before they can collect their full Social Security benefits.

Louisville workers can gain big by delaying retirement

Workers in Louisville face a major — and very real — retirement crisis. Wealth inequality and workplace changes have practically sawed off two of the legs of the traditional retirement stool: pensions and private savings.

More than half of today’s retirees rely on the third leg of the stool, Social Security, for most of their income. (The average Social Security benefit in Kentucky is roughly $16,000 per year, only about $3,500 above the federal poverty line for individuals.) Even with Social Security, some 13% of Kentucky seniors live in poverty. The good news is that workers can increase the size of their future Social Security checks by delaying retirement.

Sign Our Petition:

Petition to Congress: STOP Bullying America’s Working Class: End the Calls to Cut Our Earned Benefits.

Source: bit.ly politics social security earned benefits freedom caucus congress GOP p2 seniors retirement retirees retirement crisis entitlements entitlement reform social insurance medicare healthcare health care elderly older americans working class

“Asked Monday if the Trump administration would address “entitlement reform,” White House chief economic advisor Larry Kudlow said it will “probably” look at “larger entitlements” next year. Entitlement reform generally refers to changes or cuts to... — Asked Monday if the Trump administration would address “entitlement reform,” White House chief economic advisor Larry Kudlow said it will “probably” look at “larger entitlements” next year. Entitlement reform generally refers to changes or cuts to large government social programs such as Social Security, Medicare, Medicaid or food stamps.
via CNBC.
**Related Reading:**
**Trump Advisor Re-Affirms Commitment to Cutting Social Security & Medicare.**
This aligns with comments from National Republican Congressional Committee chair, Rep. Steve Stivers, House Speaker Paul Ryan, and several other key GOP members about the need to pay for last year’s tax cuts by ‘reforming’ Social Security and Medicare. ‘Reforming,’ of course, means cutting and privatizing.

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Social Security already helps millions of younger working-age families (approximately 16 million beneficiaries) through disability, dependents’ and survivors’ benefits. The truth is that this family leave proposal from Senator Rubio, an outspoken advocate of “entitlement reform” (code for cutting earned benefits), is – at its core – a benefit cut for future retirees and their families.

via Entitled to Know.

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Want Real Fiscal Stimulus? Strengthen Social Security and Roll Back Trump/GOP Tax Scam

The political right has predictably pounced on the recently-released Social Security Trustees report to call for “entitlement reform” – code for cutting the program. Once again, they are using projections about Social Security’s long-term finances to justify raising the retirement age, reducing COLAs, and cutting benefits. This should not come as a surprise. In the wake of the Trump/GOP tax giveaway to billionaires and big corporations, prominent Republicans all but said that future retirees would be asked to pay the price.

Read the full blog post by clicking here.

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“Retirement, Social Security and long-term care:
Amid doubts about the soundness of the Social Security system, most Americans reject the idea of reducing benefits for future retirees. When asked to think about the long-term future of Social... — **Retirement, Social Security and long-term care:**
Amid doubts about the soundness of the Social Security system, most Americans reject the idea of reducing benefits for future retirees. When asked to think about the long-term future of Social Security, only 25% say some reductions in benefits for future retirees will need to be made, while 74% say benefits should not be reduced in any way.
via Pew Research.
**Related Reading:**
We believe Social Security benefits should be BOOSTED for all working Americans.
**Sign our petition asking Congress to BOOST Social Security benefits for all working Americans by clicking here.**

Source: bit.ly politics seniors social security social insurance earned benefits elderly older americans retirees retirement crisis retirement entitlements entitlement reform boost social security p2 long-term care

“ERIC BOLLING: Why don’t you just get rid of it? Get rid of social security all together?
DANA PERINO: Whoa, Eric. Actually, it’s not a bad thought.
BOLLING: God forbid you go back to you earn your money, you save your money, you keep your money, you... — **ERIC BOLLING:** Why don’t you just get rid of it? Get rid of social security all together?
**DANA PERINO:** Whoa, Eric. Actually, it’s not a bad thought.
**BOLLING:** God forbid you go back to you earn your money, you save your money, you keep your money, you spend your money and then you retire.
via Media Matters.
Related Reading:
Social Security IS earned benefits. Working Americans pay into Social Security throughout their lives and benefits should be BOOSTED, not cut.

Source: boostsocialsecuritynow.org social security fox news politics entitlements earned benefits p2 retirement retirees retirement crisis entitlement reform social insurance

“QUICK: Will the Trump administration tackle entitlement reform?
KUDLOW: Well, we’ve already tackled a big part of the newest entitlement, namely Obamacare. As far as the larger entitlements, I think everybody’s going to look at that probably next... — **QUICK:** Will the Trump administration tackle entitlement reform?
**KUDLOW:** Well, we’ve already tackled a big part of the newest entitlement, namely Obamacare. As far as the larger entitlements, I think everybody’s going to look at that probably next year. I don’t want to be specific, I don’t want to get ahead of our own budgeting, but we’ll get there.
This aligns with comments from National Republican Congressional Committee chair, Rep. Steve Stivers, House Speaker Paul Ryan, and several other key GOP members about the need to pay for last year’s tax cuts by ‘reforming’ Social Security and Medicare. ‘Reforming,’ of course, means cutting and privatizing.
**Read more from this post by clicking here.**

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NCPSSM — Republicans in Congress have never been good at...

See, that’s what the app is perfect for.