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Tag: Social Security


Student Debt Catches Even the Elderly

An estimated 2 million Americans age 60 and older are in debt from unpaid student loans, whether from money borrowed long ago or from more recent borrowing to fund degrees for family members. And some are having their Social Security payments garnished as a result.

Posted on Sep 15, 2014 READ MORE



will1ill (CC BY 2.0)

As the Media Get Bored With Obamacare, Is the Public Starting to Get on Board?

We have now passed several key milestones in the open enrollment cycle for the Affordable Care Act.

Posted on Feb 5, 2014 READ MORE



chris.corwin (CC BY SA 2.0)

Why There’s No Outcry for a Revolution in America

Middle incomes are sinking, the ranks of the poor are swelling, almost all the economic gains are going to the top, and big money is corrupting our democracy. So why isn’t there more of a ruckus?

Posted on Jan 27, 2014 READ MORE



romana klee (CC BY-SA 2.0)

Work Until You’re Dead?

A sizable chunk of the adult population is going to punch a clock until they keel over in the office parking lot and get hauled off in the company dumpster. And those are the lucky ones, the so called baby boomers. By the time we get to the millennials it’ll be even worse because the economy will have been ravaged by 25 or 30 years of austerity leaving the proles to scrape by on hardtack and gruel.

Posted on Jan 2, 2014 READ MORE


2013 Stays

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Posted on Dec 29, 2013 READ MORE


Grinch Old Party

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Posted on Dec 15, 2013 READ MORE



(AP/Elise Amendola)

How Elizabeth Warren Is Scaring the Crap Out of Think Tanks and Banks

The Massachusetts senator caused a stir this week after the Third Way think tank wrote an op-ed Monday warning Democrats not to follow Warren “over the populist cliff.” But what’s truly behind this resentment toward Warren? Fear, of course.

Posted on Dec 7, 2013 READ MORE


How Rich People Create Jobs

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GOP politicians cut taxes for rich people and big corporations. Rich people use the money they would have spent on taxes to hire part-time, low-wage workers. Workers manufacture products for rich people to sell. Products don't sell because low-wage workers have little money, pension or social security. Rich people lay off workers and keep the money.
Posted on Dec 3, 2013 READ MORE


Declining Social Security Benefits

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Posted on Nov 26, 2013 READ MORE


Elizabeth Warren: ‘Make No Mistake, There Is a [Retirement] Crisis’

After The Washington Post mocked the idea of Americans facing a looming retirement crisis, the inimitable senator from Massachusetts took to her chamber’s floor to remind us that talking about Social Security benefits isn’t about “math, [it’s] about our values.”

Posted on Nov 21, 2013 READ MORE



Social Security’s Launch Was Also Botched

Plenty of government programs had rough starts, but no one remembers anymore; mysterious phallic sculptures are disappearing from a tourist site in Iran; meanwhile, America is nowhere near as diverse as we think. These discoveries and more after the jump.

Posted on Oct 24, 2013 READ MORE


Health Care: Deja Vu All Over Again

Just as the Republicans in Congress are desperate to destroy the Affordable Care Act, their predecessors tried to kill Medicare in the 1960s and Social Security in the 1930s.

Posted on Oct 14, 2013 READ MORE



AP/Matt Rourke

The ‘B’ Word: Republicans Fan the Flames of Ageism

With millennials up for grabs and Democratic front-runners getting older, boomer bashing is all the rage in politics.

Posted on Jul 9, 2013 READ MORE


Pecked

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Posted on May 10, 2013 READ MORE


Obama’s Wake-Up Call

President Obama got roughed up by the pundit class last week. The question is what lessons he draws from the going-over.

Posted on May 6, 2013 READ MORE



Categorizing Women on Wikipedia

When female writers disappeared from the Wikipedia heading “American novelists,” more than a few eyebrows were raised; Pvt. Bradley Manning being revoked as grand marshal of the San Francisco Gay Pride parade proves that the military-industrial complex rules all; meanwhile, another price-fixing scandal reminiscent of Libor is about to explode. These discoveries and more after the jump.

Posted on May 1, 2013 READ MORE



Misogynist Much? Politico Attacks Times Editor Jill Abramson

Politico’s piece on New York Times Executive Editor Jill Abramson implied she was a “bitchy woman character”; fossil fuels may never be depleted and this could be the best and worst thing to happen; meanwhile, violence is less rampant on YouTube than on television programs. These discoveries and more after the jump.

Posted on Apr 29, 2013 READ MORE



eflon (CC BY 2.0)

Obama’s ‘Mixed Feelings About Old People’

The president gave wealthy Americans “a most generous reduction in their estate taxes” while telling Social Security beneficiaries “to live with smaller benefit checks,” William Greider writes in The Nation.

Posted on Apr 27, 2013 READ MORE



How the News Is Killing You

Reading mass media news articles is unhealthy and causes unhappiness, so stop it; Americans want to know more about socialism, as evidenced by Merriam-Webster’s two most searched entries in 2012; meanwhile the Swedes were dissatisfied with gendered pronouns and have officially incorporated a third, gender-neutral one into their language. These discoveries and more after the jump.

Posted on Apr 15, 2013 READ MORE


Michael Hudson on Obama, Social Security and Mean Mrs. Thatcher

This week on Truthdig Radio in association with KPFK: Economist Michael Hudson attacks Obama’s proposed cuts. Also on the program: the fight to keep Monsanto from polluting Hawaii’s natural wonders, a college degree ain’t what it used to be, and a new movie documents the legal showdown over medical marijuana.

Posted on Apr 14, 2013 READ MORE



Photo illustration from an image by Colin Grey (CC-BY)

Michael Hudson on Obama, Social Security and Mean Mrs. Thatcher

This week on Truthdig Radio in association with KPFK: Economist Michael Hudson attacks Obama’s proposed cuts. Also on the program: the fight to keep Monsanto from polluting Hawaii’s natural wonders, a college degree ain’t what it used to be, and a new movie documents the legal showdown over medical marijuana.

Posted on Apr 14, 2013 READ MORE


Sen. Sanders Lays Into Obama for Attacking Social Security

The senator stood before a crowd of retirees, veterans and their supporters Thursday to point out that the president’s proposal for a “Chained CPI” adjustment to the calculation of retirement benefits would wreak destruction on the lives of elderly and disabled Americans.

Posted on Apr 13, 2013 READ MORE


Obama Budget

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Posted on Apr 13, 2013 READ MORE


Eat Your Cat Food, Mrs. Robinson

The new cost-of-living index proposed in Obama’s latest budget is really a means to push lower living standards on people who need Social Security, University of Missouri economist Michael Hudson says.

Posted on Apr 12, 2013 READ MORE


Obama’s Social Security Move Breaks Campaign Promise

Remember when, running for president back in 2008, Barack Obama vowed never to cut Social Security’s cost-of-living adjustments? He seems to be having second thoughts.

Posted on Apr 12, 2013 READ MORE



Flickr/cathro

Bipartisanship We Don’t Need

John Boehner, speaker of the House, revealed why it’s politically naive for the president to offer up cuts in Social Security in the hope of getting Republicans to close some tax loopholes for the rich.

Posted on Apr 11, 2013 READ MORE



Glyn Lowe Photoworks (CC BY-ND 2.0)

A Tax Day Plan for Righting the Republic

If we had a government capable of honoring the collective desire for more jobs, smaller deficits, more education funding, reduced reliance on fossil fuels and Medicare and Social Security benefits preserved, our future could be guaranteed at tax time in no time.

Posted on Apr 11, 2013 READ MORE


Compromise

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Posted on Apr 11, 2013 READ MORE



AP/J. Scott Applewhite

Obama Submits Destructive, Unnecessary Budget Plan

The president is following through on his intention to abandon the welfare of elderly and disabled Americans in a budget deal that would cut $130 billion from programs like Social Security over the next 10 years, and that could starve the system in the long run.

Posted on Apr 10, 2013 READ MORE



Write a Blog, Risk Going to Jail

Daniel McGowan, an Earth Liberation Front activist, was imprisoned last week for writing a HuffPo post; Fox News claims that Rutgers University firing its abusive basketball coach is evidence of cultural decline; and no, Bitcoin is apparently not the future of currency. These discoveries and more after the jump.

Posted on Apr 8, 2013 READ MORE



Gage Skidmore (CC BY-SA 2.0)

Republicans Dismiss Obama’s Budget Proposal

Thanks to Speaker of the House John Boehner and his fellow Republicans in the chamber, there is serious legislative opposition to the attack on Social Security that President Obama proposed in his budget plan this week.

Posted on Apr 6, 2013 READ MORE


Reich Decodes the Chained CPI

This week, President Obama proposed to reduce the national deficit by adopting a new formula for adjusting for inflation in Social Security payments. Robert Reich points out that it would be “stingier than the current one.” Frankly, it would destroy Social Security over the next two decades as prices for goods and services rose and the program wasn’t allowed to keep up.

Posted on Apr 6, 2013 READ MORE


‘Left, Right & Center:’ A Dismal Jobs Report and the Morning After Pill

Truthdig Editor-in-Chief Robert Scheer and the other “Left, Right & Center” panelists discuss the depressing jobs report, unrestricted birth control, California Attorney General Kamala Harris’ looks and Social Security.

Posted on Apr 5, 2013 READ MORE



AP/J. Scott Applewhite

Obama to Formally Propose Social Security Cuts

In the name of compromise, bipartisanship and the satisfaction of a ruling class that is indifferent to the suffering of ordinary Americans, President Obama is ready to sell parts of Social Security and Medicare in his attempt to strike an annual budget that satisfies Republicans and reduces the long-term deficit by $1.8 trillion over 10 years, administration officials say.

Posted on Apr 5, 2013 READ MORE



Campaign rally image via Shutterstock

Why Politicians Listen to Public Opinion on Gay Marriage and Guns but Not the Economy

Recent polls show Americans would rather reduce the deficit by raising taxes than by cutting Medicare, Medicaid, Social Security, education and transportation. Yet Congress seems incapable of making that kind of deal. Some 65 percent of Americans want to raise taxes on large corporations, but both parties are heading in precisely the opposite direction.

Posted on Mar 31, 2013 READ MORE



Presidential Con Artist

George W. Bush’s paintings do not reveal anything about the Iraq War, despite our wishing that they did; absurdly, the main argument against gay marriage is the state’s supposed need to regulate procreation; meanwhile, the entire Senate voted against Social Security cuts and the media said nothing. These discoveries and more after the jump.

Posted on Mar 27, 2013 READ MORE



Flickr/Fighting For Our Health

An Interview With AFL-CIO President Richard Trumka

Trumka recently spoke with The National Memo about the sequester’s automatic budget cuts, the danger of cuts to Social Security, the Keystone XL pipeline, immigration reform, President Obama and how to defend labor in an era of attacks on the right to organize.

Posted on Mar 24, 2013 READ MORE


Why Democrats Shouldn’t Put Social Security and Medicare on the Table

If there was ever a time for the Democratic Party to champion working Americans and reverse these troubling trends, it is now — forging an alliance between the frustrated middle and the working poor.

Posted on Mar 21, 2013 READ MORE



kenteegardin (CC BY-SA 2.0)

Debt Is the Problem

It’s not the kind created by government spending on social programs, however, economist Michael Hudson says.

Posted on Mar 15, 2013 READ MORE


Krugman Slams GOP Senator on Social Security: ‘Your Facts Are Wrong’

Memo to congressional Republicans: You might want to stray from GOP talking points and stick to the facts when facing off against a Nobel Prize-winning economist unless you want to be called out for falsehoods.

Posted on Mar 10, 2013 READ MORE



Flickr/Seuss

The Sequester and the Tea Party Plot

Sequestration is only the start. What the tea party set out to do was not simply change Washington but eviscerate the U.S. government—“drown it in the bathtub,” in the words of their guru Grover Norquist.

Posted on Mar 3, 2013 READ MORE



Flickr/401(K) 2013

The Myth of Living Beyond Our Means

Brace yourself. In coming weeks you’ll hear there’s no serious alternative to cutting Social Security and Medicare, raising taxes on middle class, and decimating what’s left of the federal government’s discretionary spending on everything from education and job training to highways and basic research.

Posted on Jan 29, 2013 READ MORE


Echoes of FDR: Obama’s Inspiring Address Links Freedom With Security and Dignity

So much for the “Grand Bargain”—or at least for the not-so-grand gutting of Social Security and Medicare that the “very serious” thought-leaders of Washington political and media circles have always found so appealing.

Posted on Jan 23, 2013 READ MORE



Photo illustration from an image by Colin Grey (CC-BY)

How a Bunch of Liberal Groups Are Trying to Kill the Filibuster and Citizens United

This week on Truthdig Radio in association with KPFK: The progressive plot to save representative democracy, China’s retirement bomb, Republican junk science, and doping in sports.

Posted on Jan 18, 2013 READ MORE


How a Bunch of Liberal Groups Are Trying to Kill the Filibuster and Citizens United

This week on Truthdig Radio in association with KPFK: The progressive plot to save representative democracy, China’s retirement bomb, Republican junk science, and doping in sports.

Posted on Jan 18, 2013 READ MORE



Flickr/ 401(K) 2013

Are Single People Getting Financially Screwed?

According to Lisa Arnold and Christina Campbell, singles can pay as much as $1 million more over a lifetime than those who are married, simply because of their marital status.

Posted on Jan 15, 2013 READ MORE


Geezers

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Posted on Jan 10, 2013 READ MORE



AP/Rich Pedroncelli

A Temperature Check From Sen. Sanders

“Despite such terminology as ‘fiscal cliff’ and ‘debt ceiling,’ ” writes Sen. Bernie Sanders, I-Vt., “the great debate taking place in Washington now has relatively little to do with financial issues. It is all about ideology.”

Posted on Jan 9, 2013 READ MORE



Flickr/401(K) 2013

The Hoax of Entitlement Reform

It has become accepted economic wisdom, uttered with deadpan certainty by policy pundits and budget scolds on both sides of the aisle, that the only way to get control over America’s looming deficits is to “reform entitlements.”

Posted on Jan 7, 2013 READ MORE


‘Left, Right & Center’: One Fiscal Cliff Down, Boehner, and Al Gore’s Big Payday

Truthdig Editor-in-Chief Robert Scheer and the other “Left, Right & Center” panelists consider the fiscal cliff deal and the issues it left untouched: the debt ceiling and the threat of “reform” to social services. They also dissect the re-election of John Boehner as speaker of the House as well as the FTC’s decision on Google and antitrust and anti-competition laws.

Posted on Jan 4, 2013 READ MORE


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