Social Security

Rich Are Getting Richer and It’s Hurting Social Security’s Finances

Rich Are Getting Richer and It’s Hurting Social Security’s Finances
The unprecedented upward distribution of income to the already rich over the past three decades has caused a conundrum for Social Security’s finances.
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Social Security 'Fraying' From Neglect

Social Security 'Fraying' From Neglect
Outgoing Social Security Commissioner Michael J. Astrue has some parting shots for Congress, the White House and advocates for seniors. They have all "really walked away from Social Security," he says, leaving the program "fraying because of inattention to its problems."
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Workers Soundly Reject Social Security Benefit Cuts

Workers Soundly Reject Social Security Benefit Cuts
A new poll from the National Academy of Social Insurance shows a large majority, 64 percent, think the cost-of-living adjustment should be increased to better protect seniors and other beneficiaries from inflation and rising prices of food, utilities and other necessities.
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Oh Great, More CEOs Telling Us We Need to Cut Social Security and Medicare

Oh Great, More CEOs Telling Us We Need to Cut Social Security and Medicare
Someone needs to tell these CEOs 8.9 percent of American seniors already live in poverty, while 5.4 percent are on the edge. The average Social Security recipient collects $1,164 per month.
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Politicians Keeping Their 3% Cut to Social Security Quiet

Politicians Keeping Their 3% Cut to Social Security Quiet
Congress and the president are going to do exactly what voters elected them to do; they are going to cut Social Security by 3 percent. You don’t remember anyone running on that platform? Yeah, well, they probably forgot to mention it.
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No Deal: Social Security Upheld Despite 'Fiscal Cliff' Deadline

With Mitch McConnell as part of the negotiations there were only two options: either no deal at all, or a horrible deal that sought to balance the budget on the backs of the working poor, seniors and children while giving folks like Mitch McConnell a free pass.
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‘Fix the Debt’ CEOs Sit on Massive Retirement Funds While Pushing for Cuts

A new report from the Institute for Policy Studies shows that the CEOs who make up the “Fix the Debt” campaign sit on massive retirement funds of their own while calling for the retirement programs that working families rely on to be cut as part of a deficit-reduction package. Furthermore, those same CEOs have been shortchanging pension funds for working families at the corporations they run.
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Winners and Losers in New Jersey Minimum Wage Vote

Today, the New Jersey Senate passed a bill raising the minimum wage to $8.50 an hour and would include a cost of living adjustment. The bill, which has already passed in the General Assembly, goes back to the Assembly on Monday to match the language of the Senate bill. It will then go to Governor Christie's desk for signature.
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How the Establishment Wants to Destroy Social Security

Sam takes a look at the Ezra Klein piece "There's Nothing Courageous About Raising the Social Security Retirement Age" and how the establishment wants to destroy social security.
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AFL-CIO president to Lame Duck Congress: Fair Taxes, No Cuts

After a hard-fought and divisive election year, it’s time to rebuild America’s middle class — but to do it we need to make sure the lessons from this campaign stick.
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