Social Security

How Entitlements for the Rich Cheat the Rest of Us

How Entitlements for the Rich Cheat the Rest of Us
The word 'entitlement' is ambiguous. For working people it means "earned benefits." For the rich, the concept of entitlement is compatible with the Merriam-Webster definition: "The feeling or belief that you deserve to be given something (such as special privileges)."
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Deficit Reduced Substantially, But Sequester Still Killing Jobs

Deficit Reduced Substantially, But Sequester Still Killing Jobs
President Obama's tenure has been marked by a dramatic decrease in the deficit. Some of the causes have been positive – increased taxes on the rich, an economy slowly but surely coming out of a dire recession – but one cause is by and large negative: the sequester. That policy blunder has cost the nation hundred of thousands of jobs, just when we need it most.
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Retirement Theft in Four Despicable Steps

Retirement Theft in Four Despicable Steps
The fear of running out of money in retirement is America's greatest financial concern. It's a fear greater than death. But the American workers who have paid all their lives for retirement security are being cheated by wealthy individuals and corporations who refuse to meet their tax obligations, and who have found other ways to keep expanding their wealth at the expense of the middle class.

To Protect Their Entitlement, Corporate CEO's Are Attacking Ours: Social Security

To Protect Their Entitlement, Corporate CEO's Are Attacking Ours: Social Security
Struggling families all across America now have less food on their tables. Budget cuts that kicked into effect November 1 have lowered the nation’s average federal food stamp benefit to less than $1.40 per person per meal.
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Don’t Cut Social Security — Lower the Retirement Age and Open Up More Jobs

Don’t Cut Social Security — Lower the Retirement Age and Open Up More Jobs
Discussions of Social Security and Medicare tend to focus on the “cost” of the programs without considering the bigger picture: the many ways these programs help people and boost the larger economy. What would happen if we were to expand these valuable programs instead of cutting them?
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'Dead Wrong': Progressive Senators Confront Obama on Budget

'Dead Wrong': Progressive Senators Confront Obama on Budget
Though the 'deficit scold dream' of a so-called 'Grand Bargain' may be diminished on Capitol Hill, a mini-version—circulating among some as the 'Small Deal' version of a 2014 austerity budget—is still on the table as congressional budget negotiations are set to resume Wednesday.
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Sen Sanders: 'We Must End the Absurdity' of Corporate Tax Dodging, While Imposing Austerity on Working Class

Sen Sanders: 'We Must End the Absurdity' of Corporate Tax Dodging, While Imposing Austerity on Working Class
Senator Bernie Sanders, I-Vt, calls out the so-called congressional "deficit hawks" for supporting unfunded wars and now cuts to "virtually every social program designed to protect working families, the elderly, the children, the sick and the poor." His proposal? A budget that is both economically and morally sound.
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How the Shutdown Showdown Prepared Dems for Upcoming Battles Over Safety Nets

How the Shutdown Showdown Prepared Dems for Upcoming Battles Over Safety Nets
The Ted Cruz Republicans made a horrible mess of everything, and the country and the economy are far worse for the experience, but there is one clear victor out of all this — the Democrats. With upcoming battles over Social Security, Medicare and Medicaid on the horizon, Dems need to remember the lessons learned in the shutdown debacle.
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Mike Lux
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Republican Crazy Talk About the Debt Ceiling and How Obama Can Save the Economy

Republican Crazy Talk About the Debt Ceiling and How Obama Can Save the Economy
While the Treasury Department could prioritize interest payments after October 17 — the day the Treasury Department says it no longer has legal authority to pay the nation’s debts — and not pay Social Security and Medicare, this would buy a few days at most. Meanwhile, interest rates will soar, stock prices will plummet, the global economy will begin spiraling downward, and millions of Americans wouldn’t receive their Social Security and Medicare.
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Robert Reich
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US Faces Multi-Trillion Dollar Retirement Deficit, Median Savings Account Holds Just $3,000

US Faces Multi-Trillion Dollar Retirement Deficit, Median Savings Account Holds Just $3,000
A new report from the National Institute on Retirement Security concludes that the United States faces a staggering retirement savings deficit. America’s families are between $6.8 trillion and $14 trillion short of recommended retirement savings targets, it says, according to financial services firms.
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Kenneth Quinnell
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