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Showing blog posts tagged with Social Security

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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What Planet Is the Washington Elite on in Debating Social Security?

The National Academy of Social Insurance, a Washington-based organization of academics and policymakers who are experts on Social Security and other parts of the Social Security Act, released a recent survey of what Americans think about Social Security and how to “fix” it. Their report that came out last week is very telling of why Americans feel so disconnected from Washington.

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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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Want to Stop the Social Security 'Chained' CPI Cut? Here's How

'Chained' CPI would hurt current and future seniors.

Sen. Sherrod Brown (D-Ohio) and Daily Kos are taking action to stop the measure to cut Social Security benefits known as "chained" CPI. 

Take a moment to sign their petition to the U.S. Senate.

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CQ Roll Call Reports 'Democrats Decry Social Security Cuts From Obama Chained CPI Offer'

CQ Roll Call (subscription only) reported yesterday that chairman of the House Democratic Caucus Xavier Becerra (D-Calif.), along with a broad coalition of Democrats, pushed back against President Barack Obama's budget proposal to cut Social Security benefits by switching to the "chained" CPI method to calculate Cost-of-Living Adjustments (COLAs).

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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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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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Hanging On by Our Fingernails

Sen. Elizabeth Warren (D-Mass.) sent the following message about Social Security to her supporters:

My brother David has always had the special spark in our family.

Like our two older brothers, David served in the military. When he got out, he started a small business—and when that one didn't work out, he started another one. He couldn't imagine an America where he wasn't living by his wits every single day.

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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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