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Obama administration officials used the release of a report on the program's finances to amplify calls to expand benefits. Treasury Secretary Jack Lew acknowledged Wednesday that Social Security faces financial challenges, but nonetheless said that making benefits more generous should be a priority.
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A program that has helped seniors understand the many intricacies of Medicare as well as save them millions of dollars would be eliminated by a budget bill overwhelmingly approved last week by the powerful Senate Appropriations Committee. The State Health Insurance Assistance Program , or "SHIP," is among more than a dozen programs left out of the bill by the committee.
It's very interesting to note that liberal Democrats are obsessed with justice. They talk about racial justice, economic justice, and environmental justice.
In a speech this week, President Barack Obama called for an expansion of Social Security, saying "it's time we finally made Social Security more generous, and increased its benefits." Obama was undoubtedly influenced to some degree by the developments in the Democratic primary, where both Bernie Sanders and Hillary Clinton have expressed support for some form of expansion.
Not so long ago, Social Security was endangered by a "bipartisan" consensus that sought to cut its benefits - already lower than those of comparable countries - as part of a "grand bargain." President Obama even put a slow-motion benefit cut into one of his proposed budgets, in the form of a reduction in cost-of-living increases.
As with all economic policies, basic income needs to be based on the balance sheet not the good intentions of Silicon Valley. Voters in Switzerland this week overwhelmingly rejected an economic plan to offer all citizens an unconditional monthly payment, in what was to be the first major country to adopt a guaranteed basic income.
Economist Michael Hudson says neoliberal policy will pressure U.S. citizens to emigrate, just as it caused millions to leave Russia, the Baltic States, and now Greece in search of a better life. A research team from Columbia University's Mailman School of Public Health in New York estimates 875,000 deaths in the United States in year 2000 could be attributed to social factors related to poverty and income inequality.
The Obama administration will be known for its many initiatives between the Affordable Care Act, the Iran deal, and his immigration executive actions, the president will leave office with an ambitious array of policy undertakings. The current presidential election definitively reflects the mood of the nation angry, almost spiteful.
In a speech in Elkhart, ., on Wednesday, Obama followed Hillary Clinton and bowed to a Bernie Sanders-led movement to expand Social Security. This is only the latest in a series of missed opportunities by the president.
A restricted application Social Security tip for 132% higher benefit Q: How can I use restricted application to my benefit? Check out this story on USATODAY.com: http://usat.ly/1WUYkqr Q: The recent changes to Social Security have altered my retirement strategy. I am eligible for restricted application; I was born in 1952.
On Memorial Day, we remember the many men and women who lost their lives while in defense of our freedoms and security. For those servicemen and women who come home, the challenges can be daunting.
If you are closing in on retirement age, you are keenly interested in how the three remaining Presidential candidates - Donald Trump, Hillary Clinton, and Bernie Sanders - plan to deal with the fiscal challenges of Social Security and Medicare . If you are not close to retirement age, you should be even more interested, as the long-term stability of both programs could be at stake in this election.
The government is squandering its technology budget maintaining museum-ready computer systems in critical areas from nuclear weapons to Social Security. They're still using floppy disks at the Pentagon.
Taking Social Security benefits early comes with a price, yet more than 4 in 10 Americans who are 50 and over say they'll dip into the program before reaching full retirement age. An Associated Press- NORC Center for Public Affairs Research poll found that 44 percent report Social Security will be their biggest source of income during their retirement years.
COLUMBUS, Ohio-Two labor groups have announced they are launching modest ad campaigns in Ohio against Republican U.S. Sen. Rob Portman. One television ad from the American Federation of State, County and Municipal Employees' PAC, hits Portman for his support of free trade.
Congressional investigators say the government spends about three-fourths of its technology budget maintaining aging co... . FILE - In this May 17, 2016 file photo, Rep. Jason Chaffetz, R-Utah speaks on Capitol Hill in Washington.
Two-thirds of Americans would have difficulty coming up with the money to cover a $1,000 emergency, according to an exclusive poll released Thursday, a signal that despite years of recovery from the Great Recession, Americans' financial conditions remain precarious as ever. These financial difficulties span all income levels, according to the poll conducted by The Associated Press-NORC Center for Public Affairs Research.