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Showing blog posts tagged with Social Security

So, About That 401(k)? It's Probably Not Going to Be Enough

Photo courtesy 401k 2013

One of the top targets of the 1% has been retirement security for America's working families. In addition to near constant congressional attacks on Social Security and companies attempting to reduce or get out of pension obligations, a widespread and growing tactic is to force employees to shift from defined-benefit plans that pay them a fixed amount each month in retirement, to defined-contribution plans, where the amount paid in is fixed, but payouts in retirement can change over time. This switch to defined-contribution plans, such as 401(k) plans, almost universally means less money to live on for retirees. 

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The Fable of the Long-Term Federal Budget Crisis

The Washington elite are returning to their obsession with the long-term budget crisis, which means extremists are once again calling for benefit cuts to Social Security and Medicare. Last week, as the government reopened, President Barack Obama called for cooler heads to prevail and warned elected leaders to ignore the bloggers and paid activists who have been distracting lawmakers from the real task of growing our economy. The president’s warning should apply also to so-called moderates who continue to succeed in creating a fable to convince rational people to agree to make sacrifices of family-sustaining programs, rather than ask the rich to pay their fair share of taxes.

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ICYMI: AFL-CIO's Damon Silvers Makes It Clear That Safety Net Cuts are Wrong and Working Families Will Fight Them

Photo courtesy the Rappaport Center

Last week, AFL-CIO Policy Director and Special Counsel Damon Silvers made it clear the country's largest labor federation, the AFL-CIO, opposes any benefit cuts to Social Security, Medicare and Medicaid. He said these cuts would harm seniors and that the motivations of those who favor the cuts are suspect, at best.

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After the Insanity—Can the Coalition of the Sane Stay Unified or Will Greed Divide Us?

After the Insanity—Can the Coalition of the Sane Stay Unified or Will Greed Divide Us?

So we seem to be returning to sanity in Washington—the House Republicans agreed to allow our government—the people who inspect our food and forecast the weather, guard our national treasures and calculate our economic statistics—to do its job. And the Republicans have decided that, after all, it is important we honor our commitments—to those who lend us money, to those who served our country and to those who merely worked for a lifetime and paid into Social Security, expecting the promise their country made to them would be kept.

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Shutdown Shut Down

Shutdown Shut Down

After 16 days of a government shutdown that kept vital services behind locked doors for the public, paychecks out of the pockets of hundreds of thousands of federal workers and pushed the economy to the brink of disaster, the Republican government shutdown ended last night when the Senate (81–18) and House (285–144) passed, and President Barack Obama signed, a bill to fund and reopen the government and raise the nation’s debt ceiling.

AFL-CIO President Richard Trumka said:

While it is good news that we have avoided a crisis, we all know that it should never have happened.  No party or faction inside a party should hold our economy hostage to extract political gains.  

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You'll Never Guess What's in the Latest Republican Ransom Note

You'll Never Guess What's in the Latest Republican Ransom Note

letter from 51 Republican House members to Speaker John Boehner (R-Ohio) makes Social Security cuts the latest ransom demand of the Republican hostage-takers in Congress. This may be unwelcome news to the many tea party Republicans who depend on Social Security benefits.

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6 Ways the Grand 'Bargain' Could Hurt People Through Social Security and Medicare Benefit Cuts

6 Ways the Grand 'Bargain' Could Hurt People Through Social Security and Medicare Benefit Cuts

Since the House Republicans have taken America's families hostage in the government shutdown, it's starting to become clear what the end game is: cutting Social Security and Medicare benefits for everyday people in a "grand bargain" that's not so grand for the 99%. 

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Progressives and Working Families Rally Against 'Chained' CPI and Other Safety Net Cuts

While the country remains shut down because of irresponsible Republican hostage-taking, progressive members of Congress and working families are looking ahead to fight against any proposed grand "bargain" that would include benefit cuts to Social Security, Medicaid or Medicare. Members of the Congressional Progressive Caucus spoke Thursday before working families and allies, specifically rejecting any such cuts.

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Working Families Take to Capitol Hill to Protect Social Security from Cuts

Image via the National Committee to Preserve Social Security and Medicare

Working families activists led by the Alliance for Retired Americans and Congressional Progressive Caucus are taking their message to Capitol Hill today in a Human Chain Against "Chained" CPI rally, telling Congress it is absolutely unacceptable to cut Social Security benefits.

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Be a Link in a Chain Against 'Chained' CPI

Alliance for Retired Americans photo

If you are in the Washington, D.C., area Thursday, come join hands with members of the Alliance for Retired Americans and the Congressional Progressive Caucus in a Human Chain Against "Chained" CPI on Capitol Hill.  

The action kicks off at 10 a.m. EDT on the House Triangle of the U.S. Capitol. Click here for a map and to RSVP.

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