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Showing blog posts tagged with Medicare

The New 'Realities' Dictate a New Direction

This week, the Center for American Progress (CAP), a think-tank closely associated with President Obama’s Administration since it was the home of many key White House officials like Gene Sperling and Melody Barnes, changed course on backing a “grand bargain” with Republicans on cutting Social Security and Medicare benefits and raising taxes on high income earners to balance the budget in the long run. After taking a position favoring a debate on shrinking government back in 2009, CAP now sees four years later, that the job crisis remains while the federal deficit and the size of government has plummeted.  But, let’s hope this change in heart has a similar effect on the Obama administration.

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Everyone Deserves to Retire in Dignity: Let's Strengthen Social Security and Medicare

Photo via National Committee to Preserve Social Security and Medicare (NCPSSM)

Here's a stat that might surprise you: Nearly half of our nation's 41 million seniors are economically vulnerable, meaning their income is less than two times the supplemental poverty threshold.

Benefit cuts to Social Security and Medicare would severely impact these seniors' ability to afford health care, food and other basic living necessities, according to a new Economic Policy Institute study.

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The Great Austerity Experiment Has 'Failed Spectacularly'

The Center for American Progress (CAP) is publicly calling on Congress to abandon job-killing cuts and "grand bargains"—which aren't so "grand" for America's working families—and focus on what the country really needs: jobs. 

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Trumka and Coyle: Social Security 'Continues to Work'

AFL-CIO President Richard Trumka and Alliance for Retired Americans Executive Director Edward Coyle today issued this joint statement on the 2013 Social Security and Medicare Trustees Report:

The most important message from the 2013 Social Security Trustees Report is that our Social Security system continues to work for the American people.  After years of economic crisis for working families, Social Security is in better shape and more dependable than 401(k)s, private pensions or any other public or private program. We must call out those who will try to misuse today’s report as political cover for unwarranted and ill-advised benefit cuts, like switching to the “chained CPI” to calculate Social Security’s annual cost-of-living increase (COLA).

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Trumka: The 'Grand Bargain' Is a Dead End

Most voters agree that big corporations and the wealthy should start paying their fair share in taxes. But, of course, big corporations and the wealthy don’t want to do that. They want to pay less, and they are used to getting their way. So what do you do?

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'Chained CPI Not a Tweak: It’s a Cut to Social Security,' Alliance Members Tell Congress

'Chained CPI Not a Tweak: It’s a Cut to Social Security,' Alliance Members Tell Congress

After Medicare deductions, Marty Alvarado has about $950 left in her monthly Social Security check. The Alliance for Retired Americans members from Dallas told a Capitol Hill Hands Off Social Security summit of Alliance members, lawmakers, senior activists and Social Security advocates:

As you might imagine that’s very difficult to live on. I cannot afford to lose any of my benefits due to the chained CPI cut in benefits. This is especially important to me as a woman. Women represent 57% of all Social Security beneficiaries. Chained CPI would hit female beneficiaries especially hard because we tend to live longer.

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Kids vs. Seniors: An Urban Myth

Are we spending too much on seniors and too little on kids? Many will recognize this as a classic either-or fallacy (what about tax breaks for the wealthy…?) But with Ronald Brownstein, Ezra Klein and Charlie Cook all repeating the Urban Institute statistic that federal spending on seniors is nearly seven times that on children, the idea that seniors are crowding out children’s programs is catching on in Washington. Meanwhile, Urban Institute’s estimate that state and local governments spend nine times more on kids than on seniors hasn’t gotten the same attention. Overall, it appears that government spending on seniors is roughly double (or less) that on children, though this measure includes Social Security, which is almost entirely funded through worker contributions.

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Drug Savings Act Would Strengthen Medicare Without Harming Beneficiaries

Photo from Wikipedia Commons

Sen. Jay Rockefeller (D-W-Va.) introduced the Medicare Drug Savings Act of 2013 that would produce savings without passing on costs to seniors. 

The act offers a worthwhile alternative to this approach, strengthening the Medicare program’s fiscal footing while shielding beneficiaries from harmful cost-shifting. The Congressional Budget Office (CBO) estimates that restoration of Medicaid-level drug rebates for low-income Medicare beneficiaries would save the federal government $141 billion over 10 years. As federal budget negotiations continue, we urge you to consider the following critical facts:

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New PayWatch Spotlights CEO Pay, Fix the Debt Hypocrisy, Golden Nest Eggs and More

www.paywatch.org

Did you know that the CEOs of the Campaign to Fix the Debt, the corporate front group that wants to cut Social Security and Medicare and lower corporate taxes, have parked more than $418 billion of untaxed corporate profits overseas? Overall it is estimated that U.S. corporations have as much as $1.9 trillion sheltered overseas. That would make a nice down payment on fixing the debt.

You can read about "Fix the Debt" and more in the 2013 edition of the AFL-CIO’s Executive PayWatch launched today. PayWatch not only shines a light on Fix the Debt hypocrisy, but it also explores the huge wage gap between CEO pay and the average U.S. worker. PayWatch started in 1997. 

Visit www.paywatch.org.

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Trumka: Budget Cuts to Social Security, Medicare ‘Wrong and Indefensible'

Trumka: Budget Cuts to Social Security, Medicare ‘Wrong and Indefensible'

The budget that President Obama released today is drawing intense criticism for its cuts to Social Security and Medicare benefits. AFL-CIO President Richard Trumka called those cuts “wrong and indefensible.”

A president’s budget is more than just numbers. It is a profoundly moral document. We believe cutting Social Security benefits and shifting costs to Medicare beneficiaries—while exempting corporate America from shared sacrifice—is wrong and indefensible. 

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