After the hearing, the bipartisan budget deal passed the Senate, and during the hearing it was as if the misguided conversation about Social Security and the deficit over past three years that included the failed Simpson-Bowles Fiscal Commission never had happened.
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#politics #budget #social security #entitlements #seniors #retirement #retireesThe Social Security Administration’s budget has been under assault for years. Today the Senate Special Committee on Aging will examine the real-life impact these cuts are having on millions of seniors, people with disabilities, survivors and their families…
When a candidate promises to “save these programs for future generations” by raising the retirement age, raising the Medicare eligibility age, privatizing Social Security, changing the COLA formula and means-testing Social Security while exempting near retirees what they’re actually saying is: “We know seniors vote so we’ll protect them now and slash future benefits for their children and grandchildren instead.
A sentence more than halfway through the 214 page document reads that the budget proposes to eliminate strategies for claiming Social Security benefits that allow beneficiaries to maximize delayed retirement credits.
via twitter.
President Trump’s 2020 budget proposal shortchanges seniors by:
via twitter.
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President Trump’s 2020 budget proposal shortchanges seniors by:
As the baby boom generation ages into its peak years for retirement and disability, the demands on the Social Security Administration (SSA) are reaching all-time highs. Yet Congress has cut SSA’s core operating budget by 10 percent since 2010, after adjusting for inflation.
These cuts hurt SSA’s service to the public in every state. The agency has been forced to shutter field offices and shrink its staff, leading to longer waits for service and a record-high disability appeals backlog. While the overall effect is a decline in service nationwide, the effects of the cuts vary considerably by state.
via CBPP.
President Donald Trump’s budget chief said repeatedly this week that when people think of Social Security, retirement insurance is the only thing that comes to mind ― not disability insurance.
A “welfare program for the long-term disabled,” Office of Management and Budget Director Mick Mulvaney said on Tuesday, “is not what most people would consider to be Social Security.”
Social Security is best known as retirement insurance, but plenty of people are aware that it’s also disability insurance. Forty-three percent of survey respondents said they knew someone who received disability or survivors’ benefits from Social Security, according to a 2010 poll by AARP. (Asked if they knew someone simply “on Social Security,” more than two-thirds said they did.)
via Huffington Post.
This year, like last year, the President’s budget proposes no changes in the way Social Security benefits are determined, which is good news for seniors. Thanks to the tireless efforts of the National Committee and its members, the FY 2017 budget does not include any Social Security proposals that would negatively impact benefits for current or future beneficiaries.
Click through to read more about the President’s budget.
via NCPSSM.
While the President’s budget thankfully no longer includes cuts to Social Security, his 2015 plan unfortunately still targets seniors by shifting more costs to Medicare beneficiaries through increased means-testing, premium hikes and co-pays. While some tout increasing means testing in Medicare as a way to insure ‘rich’ seniors pay their share, the truth is, the middle-class will take this hit too.
Scores of Democrats are calling on President Obama to champion an expansion of Social Security benefits for millions of seniors nationwide.
In a letter to be delivered to the White House Monday, the lawmakers say evolving trends surrounding employer retirement packages have put a financial squeeze on the nation’s retirees. They want the president to fill the gap by expanding Social Security.
via The Hill.
We agree. Congress needs to BOOST Social Security benefits for all working Americans. With individuals saving less and less for retirement, it’s important we expand benefits.
America’s Jump From Economic Crisis to Retirement Crisis.
Petition to the Leadership of the Congress of the United States: Boost Social Security Benefits NOW.
