Free Republic 2nd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $75,141
85%  
Woo hoo!! And we're now over 85%!! Less than $12.9k to go!! Thank you all very much!! God bless.

Keyword: socialsecurity

Brevity: Headers | « Text »
  • Obama Admin Works to Keep Guns From Many on Social Security Disability

    05/09/2016 8:08:09 AM PDT · by MarvinStinson · 25 replies
    freebeacon ^ | Stephen Gutowski
    The Social Security Administration has announced the details of a new rule that would bar many receiving federal disability payments from owning firearms. The proposed rule is part of President Obama’s push to tighten gun laws while bypassing Congress. News of the plan to add some Social Security recipients to the National Instant Criminal Background Check System, or NICS, was first uncovered by the Los Angeles Times last summer and has faced fierce opposition from gun rights groups ever since. President Obama announced in January that he was officially ordering the Social Security Administration to start the process for implementing...
  • CRuz and Obama just screwed millions of us out of Social Security (Vanity)

    05/03/2016 10:59:54 AM PDT · by AuntB · 99 replies
    FR, CNBC, Rollcall ^ | May 3, 2016 | AuntB Vanity
    TED CRUZ just screwed YOU out of your Social Security income...at least he did for me! I was getting widow benefits...but no more! Obama was happy to sign it! [snip]Politicians describe Social Security as "the third rail," meaning that enacting any benefit cuts will kill them politically. But this is precisely what they voted to do under the Bipartisan Budget Bill of 2015. Spouses as well as divorced spouses (who were married for 10 or more years) who reached 62 by Jan. 2 can still collect just their spousal or divorced spousal benefit between 66 and 70 and then take...
  • Social Security: Why Congress is messing with your benefits

    05/03/2016 7:55:49 AM PDT · by SeekAndFind · 69 replies
    CNBC ^ | 05/03/2016 | Lawrence Kotlikoff
    Politicians describe Social Security as "the third rail," meaning that enacting any benefit cuts will kill them politically. But this is precisely what they voted to do under the Bipartisan Budget Bill of 2015. The bill reduced the benefits of married couples and divorcees who were younger than 62 as of Jan. 2 by up to $60,000. Even $25,000 is a lot of money for most workers, given that the median household income is about $50,000. The new law prevents most people who reach age 66 from providing spousal benefits to their spouse or children while letting their own retirement...
  • Obama budgets $17,613 for every new illegal minor, more than Social Security retirees get

    05/02/2016 9:29:46 AM PDT · by blueyon · 38 replies
    WashingtonExaminer ^ | 5/02/16 | Paul Bedard
    President Obama has budgeted $17,613 for each of the estimated 75,000 Central American teens expected to illegally cross into the United States this year, $2,841 more than the average annual Social Security retirement benefit, according to a new report The total bill to taxpayers: $1.3 billion in benefits to "unaccompanied children," more than double what the federal government spent in 2010, according to an analysis of the administration's programs for illegal minors from the Center for Immigration Studies. The average Social Security retirement benefit is $14,772.
  • IRS changing policy on employment-related ID theft

    04/26/2016 3:21:25 PM PDT · by jazusamo · 27 replies
    The Hill ^ | April 26, 2016 | Naomi Jagoda
    The Internal Revenue Service will start notifying victims of employment-related identity theft in a shift of policy that comes after criticism from Congress. "We’re still working out the details of the policy change to advise people of possible misuse of their Social Security number, and we will have more details to share in the near future," the IRS said in a statement. During a Senate Finance Committee hearing earlier this month, Sen. Dan Coats (R-Ind.), expressed concerns about the fact that the IRS doesn't inform victims when illegal immigrants use their Social Security numbers to obtain employment and then file...
  • Simple Math Shows America Is Headed for an Economic Disaster

    04/18/2016 7:21:40 PM PDT · by george76 · 52 replies
    The Daily Reckoning ^ | March 30, 2016 | Jody Chudley
    Stan Druckenmiller ... when I look at the current picture of expected tax revenues combined with benefits promised to future generations, this is the most unsustainable situation I have seen ever in my career. The disaster that Druckenmiller sees coming for the United States is all about changing demographics and entitlement spending. They don’t add up to a sustainable situation. In 1940, entitlement payments, which include everything from disability payments to Social Security to Medicare, amounted to just over 20% of annual government spending in the United States. Today, entitlement spending has swelled to nearly 70% of the annual federal...
  • IRS Admits It Encourages Illegals To Steal Social Security Numbers For Taxes

    04/14/2016 5:45:08 PM PDT · by SeekAndFind · 30 replies
    Forbes ^ | 04/14/2016 | Robert W. Wood
    This isn’t exactly the kind of story the IRS wants buzzing around at tax time. The IRS and Justice Department normally want ‘scared straight’ stories just before Tax Day. Ideally, when an indictment or conviction for tax evasion hits the news, it makes you think twice. Somehow, you think just a bit more about all those deductions, or if you really reported all your income, before you sign your return under penalties of perjury. Instead, we have the top dog at the IRS, the IRS Commissioner himself, admitting that, well, there’s a problem with illegal immigrants and taxes. In fact,...
  • IRS chief: Agency encourages illegal immigrant theft of SSNs to file tax returns

    04/12/2016 2:26:34 PM PDT · by Hojczyk · 50 replies
    Washington Examiner ^ | April 12,2016 | By RUDY TAKALA
    The IRS is struggling to ensure that illegal immigrants are able to illegally use Social Security numbers for legitimate purposes, the agency's head told senators on Tuesday, without allowing the numbers to be used for "bad" reasons. IRS Commissioner John Koskinen made the statement in response to a question from Sen. Dan Coats, R-Ind., during a session of the Senate Finance Committee about why the IRS appears to be collaborating with taxpayers who file tax returns using fraudulent information. Coats said that his staff had discovered the practice after looking into agency procedures. "What we learned is that ... the...
  • Social Security still paying potentially bogus disability claims 3 years after fraud exposed

    04/11/2016 5:56:21 PM PDT · by jazusamo · 14 replies
    The Washington Times ^ | April 11, 2016 | Stephan Dinan
    Investigators identified nearly 2,000 cases of potentially phony disability claims stemming from a massive Social Security fraud scheme, but three years after the scam was first exposed, the government says it’s still struggling to stop the payments. Only slightly more than 300 cases have been disqualified, and Social Security is still “in the process of effectuating those terminations,” the agency told The Washington Times just days after the accused ringleader and two lead accomplices were indicted on federal fraud charges. Despite three investigations into suspicions of massive fraud, Social Security officials say they are assuming all of the applications are...
  • The Trump Plan: Big Tax Hikes or Big Deficits

    03/25/2016 6:23:49 AM PDT · by reaganaut1 · 29 replies
    National Review ^ | March 25, 2016 | James C. Capretta
    ... What Trump implicitly promises is a closing of the gap between federal revenue and spending without any pain for ordinary voters. He claims that better management, led by him, is all it will take. It is the worst kind of wishful thinking and deception. On entitlements, Trump is essentially in agreement with most Democrats. He says he won’t make any changes to Social Security or Medicare benefits. In previous years, he also said Medicaid shouldn’t be cut. He says he now favors converting Medicaid into a block grant to the states, although he has not promised that this switch...
  • Vote for Cruz, screw your parents

    03/21/2016 10:05:26 AM PDT · by Dana1960 · 29 replies
    Market Ticker ^ | 3/21/16 | Karl Denninger
    Let me remind you that Medicare and Medicaid are the entire problem space within our federal budget, and that same issue -- retiree health care costs -- are the entire issue with state and local budgets, along with private pensions. There is only one candidate from either major political party that has put forward any sort of cogent plan of any kind of deal with the Medicare and Medicaid mess -- along with the mess of health care in private industry. This, as I've written about pretty-much since The Market Ticker began publication, is the intermediate and longer-term issue that...
  • Social Security Administration Beneficiaries Top 60,000,000

    03/19/2016 6:14:19 AM PDT · by george76 · 62 replies
    CNS News ^ | March 18, 2016 | Terence P. Jeffrey
    The number of people receiving benefits from the Social Security Administration topped 60,000,000 for the first time at the beginning of 2016. ... The total number of beneficiaries includes retired workers and their dependents, survivors of deceased workers, and disabled workers and their dependents. ... In February, there were 151,074,000 people employed in either full or part-time jobs in the United States, according to the Bureau of Labor Statistics ... There were 123,206,000 people employed full-time in February, according to BLS’s seasonally adjusted numbers. That equals approximately 2.05 full-time workers per each beneficiary of the Social Security Administration. ... The...
  • Here’s why (and how) the government will ‘borrow’ your retirement savings

    02/27/2016 1:15:20 PM PST · by SkyPilot · 55 replies
    Sovereignman.com copied onto ZeroHedge ^ | February 15, 201616 copied by ZeroHedge on Feb 16 | Simon Black copied by Tyler Durden
    According to financial research firm ICI, total retirement assets in the Land of the Free now exceed $23 trillion. $7.3 trillion of that is held in Individual Retirement Accounts (IRAs). That’s an appetizing figure, especially for a government that just passed $19 trillion in debt and is in pressing need of new funding sources. Even when you account for all federal assets (like national parks and aircraft carriers), the government’s "net financial position" according to its own accounting is negative $17.7 trillion. And that number doesn’t include unfunded Social Security entitlements, which the government estimates is another $42 trillion. The...
  • Obama Admin Pushes to Disarm Seniors [semi-satire]

    02/16/2016 9:34:01 AM PST · by John Semmens · 4 replies
    Semi-News/Semi-Satire ^ | 14 Feb 2016 | John Semmens
    Utilizing his executive authority, President Obama has instructed the Social Security Administration to crack down on elderly firearms ownership. Acting Commissioner Carolyn Colvin explained that "this population cohort is marked by disproportionate incidences of subnormal intelligence, mental illness, incompetency, poor health, and disease. Are such people the kind we want to entrust with guns?" Colvin tried to characterize the move as "basically a humanitarian one. People prone to dementia because of age may harm themselves or others. Taking weapons out of their hands will spare the nation a lot of heartbreak." She also cited the success of a similar program...
  • Without Social Security numbers, illegal immigrants face eviction

    02/12/2016 6:11:42 AM PST · by 11th_VA · 29 replies
    Washington Post ^ | 10 Feb 2016 | By Antonio Olivo
    The owners of a Northern Virginia mobile-home park are trying to evict about 15 residents who don’t have Social Security numbers and are in the country illegally, an effort that attorneys for the families say violates federal and state fair housing laws... Waples is owned by a limited partnership headed by Albert J. Dwoskin, who did not return calls for comment. Dwoskin’s property management company — A.J. Dwoskin & Associates — said it insists on Social Security numbers from all new tenants as a way to conduct background checks on those residents... “Everyone has to have an ID, a Social...
  • Bernie Madoff and America's Selective Outrage

    02/11/2016 6:21:42 PM PST · by huckfillary · 5 replies
    Artful Dilettante ^ | February 11, 2016 | Artful Dilettante
    Like seven million other Americans last week, I watched Madoff, the ABC miniseries chronicling the life and financial crimes of the infamous Bernie Madoff. Madoff, chairman of Madoff Investment Securities from its start-up in 1960 until his arrest on December 11, 2008, operated the largest corporate Ponzi scheme and financial fraud in U.S. history. The film, which starred Richard Dreyfuss and Blythe Danner as Madoff and his wife Ruth, aired for four hours over two evenings. The film had the highest viewership of its time-slot, but earned only modest reviews. After the film, ABC aired Madoff: After the Fall, a...
  • Ted Cruz Wants To Raise Taxes On Your Grandma

    02/08/2016 7:00:17 PM PST · by kiryandil · 217 replies
    Fortune.com ^ | February 2, 2016 | Chris "The Thrill" Matthews
    **snip** ...Ted Cruz has endorsed policies that would fundamentally change who pays the federal government’s bills, and how.Expect the establishment wing of the Republican Party to increasingly draw attention to this fact, especially when it comes to his tax policy. While on the one hand Cruz’s plan hews to Republican orthodoxy in its large tax cuts for the wealthy, he also embraces a European-style Value Added Tax, which is a lot like a sales tax, as replacement for all payroll taxes, and which would enable the elimination of all income tax outside a 10% flat tax for all earners...**snip** ...The...
  • Sowell: Toxic Words

    02/08/2016 11:51:00 AM PST · by jazusamo · 21 replies
    Creators Syndicate ^ | February 9, 2016 | Thomas Sowell
    During this election year, we are destined to hear many words that are toxic in the way they misrepresent reality and substitute fantasies that can win votes. One of these words is "entitlement." To hear some politicians tell it, we are all entitled to all sorts of things, ranging from "affordable housing" to "a living wage." But the reality is that the human race is not entitled to anything, not even the food we need to stay alive. If we don't produce food, we are just going to starve. If we don't build housing, then we are not going to...
  • How A President’s Insatiable Lust For An Intern Killed Social Security Reform

    02/05/2016 8:24:43 AM PST · by SeekAndFind · 25 replies
    IBD ^ | 02/05/2016
    The U.S. came very close to having private retirement accounts as part of a sweeping Social Security reform. And, no, it wasn't under President George W. Bush, who put forward a workable plan that went nowhere. It was under President Clinton. That surprising bit of news comes 18 years after the fact in a reminiscence by Cato Institute senior fellow Jose Pinera, who once upon a time served as Chile's secretary of labor and social security, and who designed that country's highly successful pension reforms in 1980. Pinera says that Clinton began thinking in earnest about privatizing part of Social...
  • Federal Debt Just Exceeded $19 Trillion: $58,000 for Each Person in U.S.

    02/03/2016 2:41:30 PM PST · by Olog-hai · 43 replies
    Cybercast News Service ^ | February 3, 2016 | 10:18 AM EST | Romina Boccia
    On Monday the U.S. national debt hit a new record: $19,012,827,698,418. This is the first time the national debt has ever exceeded $19 trillion. That's more than $58,000 for each person who lives in the U.S. today (including children). The main culprit behind the rising deficits and debt is growing federal spending--especially among Social Security, Medicare, Medicaid, and Obamacare. Traditionally, Congress has set a limit for how much debt the U.S. may take on, known simply as the debt limit. But rather than put a higher limit on the debt, lawmakers and the president have repeatedly suspended the debt limit,...
  • Obama’s “Common Sense” Gun Control Targeting Social Security Recipients

    01/28/2016 8:52:22 AM PST · by Oldpuppymax · 8 replies
    Coach is Right ^ | 1/28/16 | John C. Velisek USN (Ret.)
    Once again, Barack Obama believed that the American People were not paying attention. After all, much of what he spoke about “correcting” at his tear-stained, anti-gun press conference was already law. The women of “The View” were predictably apoplectic about automatic weapons–machine guns–and outraged that they have not been banned. This was before Sen. Rand Paul patted their hands and told them not to fear, that such automatic weapons are available to the public only after obtaining a special license from the ATF. Just another straw man propped up by our Socialist in Chief to cause the American People to...
  • Federal healthcare spending tops Social Security for the first time

    01/26/2016 6:40:06 AM PST · by artichokegrower · 22 replies
    The Hill ^ | 01/25/16 | Sarah Ferris
    The government spent $936 billion last year on health programs including Medicare, Medicaid and subsidies related to the Affordable Care Act, a jump of 13 percent from 2014, according to the Congressional Budget Office. Spending on Social Security, in contrast, totaled $882 billion, the Congressional Budget Office (CBO) reported.
  • ObamaCare does not Trump the Second Amendment

    01/07/2016 12:06:01 PM PST · by raptor22 · 6 replies
    American Thinker ^ | Daniel John Sobieski
    Shredding the right to keep and bear arms has long been a goal of President Obama, the self-professed constitutional law professor who has long regarded the Constitution as an impediment to advancing his progressive agenda and acquiring as much federal power as possible. The rules he has announced are touted as “sensible gun restriction” are in fact a shameless gun grab that violate the Constitution and patient-doctor confidentiality.
  • New Social Security rules

    11/24/2015 8:27:50 PM PST · by FR_addict · 32 replies
    Fidelity.com ^ | 11/04/2015 | Fidelity
    A new law means that two claiming strategies will be off the table in the coming months. The recent budget agreement did more than authorize the federal government to engage in additional borrowing, it also changed the rules for claiming Social Security. Going forward, two claiming strategies that had given some couples the potential for higher lifetime benefits will no longer be available.* Closing the door on two strategies What do you need to know? Social Security strategies are built around the fact that you can start to claim benefits as early as age 62, but if you defer, the...
  • How Retirement Benefits Will Change in 2016

    11/17/2015 9:03:42 AM PST · by Steve Schulin · 17 replies
    U.S. News & World Report ^ | Nov 16, 2015 | Emily Brandon
    Retirement savers will get the option to participate in a new type of retirement account next year, the myRA. There will also be fewer Social Security claiming options for married couples and a small Medicare premium increase for some beneficiaries. Here are some of the important ways retirement benefits will change in 2016...
  • 6 Million Un-Dead Have Social Security Numbers, Audit Finds

    11/16/2015 3:58:14 AM PST · by IBD editorial writer · 23 replies
    Investor's Business Daily ^ | 11/13/2015 | John Merline
    An internal audit out this week reports that there are 6 million people with Social Security numbers who were born more than 112 years ago. Unless there is a Missouri's worth of extremely aged Americans, what this means is that Social Security didn't get the death information that it was supposed to receive on these people.
  • Question about Social Security Benefit Increases

    11/14/2015 10:20:29 AM PST · by Bernard · 66 replies
    me | 11/13/2015 | Bernard
    Do SS benefits increase based on age breaks? There seems to be a different level of benefit at age 62, age 66, and age 70. So as an example, the monthly benefit at age 62 is $2,000, age 66 is $2,500, and age 70 it becomes $3,000. When I read the literature from SSA, it sounds to me like once you start collecting retirement benefits, the based amount you collect is "frozen" at that level, and subject only to COLA increases. I understood that if you start collecting at age 62, your benefit will stay at the $2,000 subject to...
  • Where is thread on recent social security changes?

    11/13/2015 7:33:27 AM PST · by George from New England · 18 replies
    self
    How do I find a thread talking about the news story I've been hearing about? I've looked for an hour and turn up nothing. Social Security changes affecting spouse loophole passed in this recent budget.
  • Illegal Alien Use Of Social Security Numbers For Employment

    11/11/2015 4:27:28 PM PST · by datura · 20 replies
    Self | 11/11/15 | datura
    First of all, I apologize for the vanity, but this is a subject that has been touched on inside the forum over the years briefly. Given the current political season and the focus on the illegals in our midst, I would like to bring this up again. We discuss the use of E-verify and other eligibility sites for employers to use, but we have a governmental enemy working against us: The Social Security Administration itself. Of course, the problem has gotten much worse during the current regime, and local SSA offices have been given their marching orders for years now....
  • Secret IRS policy hides identity theft from victims

    11/08/2015 8:26:07 AM PST · by Dana1960 · 39 replies
    WHTR, Indianapolis ^ | 10/29/15 | Bob Segall
    Why are you here?" I asked. The whistleblowers looked at each other and smiled. "Because I love my country. And I just can't do this no more. It's not right," said one of the IRS workers. "That's why we're both here," said the other, echoing her colleague with long, deliberate pauses. "It's a crime, and it's…just…not…right." Together, they have decades of experience at the Internal Revenue Service, working on the front lines with frustrated, angry or confused taxpayers who contact the agency for help. Risking their jobs to come forward, the whistleblowers do not want to show their identity. But...
  • Social Security Reform: A Conservative Plan; Strengthen safety net, build private savings on top.

    11/04/2015 7:13:16 AM PST · by SeekAndFind · 43 replies
    National Review ^ | 11/04/2015 | by ANDREW G. BIGGS
    Social Security's financial health has deteriorated significantly over the past eight years, with multi-trillion-dollar funding shortfalls posing a threat to retirees and taxpayers alike. But if Social Security is to thrive in the 21st century, the next president needs to do more than simply adjust its tax and benefit rules. Instead, Social Security needs a new paradigm for how individuals and government programs contribute to retirement security. Social Security receives scant attention compared to many other policy issues, large and small. But Social Security is an important program, both in its impact on Americans' lives and in what it says...
  • ...while you were sleeping the Senate voted to steal $150 billion dollars from Social Security...

    11/04/2015 4:20:53 AM PST · by FR_addict · 99 replies
    Twitter ^ | Oct 30, 2015 | Sen. Mike Lee
    See Mike Lee's Twitter page and his facebook post
  • Budget Bill Gouges Social Security

    10/30/2015 2:59:40 PM PDT · by UncleRicosFootball · 43 replies
    Mike Lee Facebook Feed ^ | 10/30/2015 | Mike Lee Facebook Feed
    From Mike Lee's Facebook: This is how it happens. Last night while you were sleeping the Senate voted to steal $150 billion dollars from the Social Security Trust Fund. I joined 34 of my colleagues in a vote to prevent this raid. I would like to thank Senator Rand Paul for leading the fight to protect to Social Security from the thieves in Washington, who seem to think that if they steal from the American people at night while they are sleeping that they will get away with it. I was proud to vote with Senator Paul on his point...
  • Congress Planning to Close Social Security Loopholes

    10/29/2015 6:55:32 PM PDT · by SkyPilot · 93 replies
    Nasdaq ^ | 29 Oct 15 | Staff
    When Congress passed the Senior Citizens Freedom to Work Act in 2000, it introduced a new concept called “voluntary suspension” of benefits, allowing those who had already started Social Security benefits to stop their payments and earn delayed retirement credits. In the process, however, the new voluntary suspension rules unleashed several additional Social Security claiming strategies, including various “claim now, claim more later” tactics involving File-and-Suspend and Restricted Applications for spousal benefits. Those may be going away. Under this week’s two-year budget agreement between Congressional leaders and the White House, Congress will close these loopholes in the Social Security rules....
  • Budget deal would nix popular Social Security claiming strategies

    10/28/2015 3:35:55 PM PDT · by taildragger · 114 replies
    Investment News ^ | Oct 28, 2015 | Mark Schoeff Jr.
    A budget agreement reached by congressional leaders and the White House would kill popular Social Security claiming strategies shortly after the measure becomes law, cutting off payments in midstream for beneficiaries, according to experts.
  • Another Government Ponzi Scheme Starts To Crack - Do You Depend On It?

    10/24/2015 5:32:28 PM PDT · by SeekAndFind · 25 replies
    Zero Hedge ^ | 10/24/2015 | Submitted by Nick Giamburino of International Man
    Another Government Ponzi Scheme Starts to Crack - Do You Depend on It?Government employees get to do a lot of things that would land an ordinary citizen in prison.For example, it’s legal for them to threaten and commit offensive, rather than defensive, violence. They can take property from others without their consent. They spy on anyone’s email and bank accounts whenever they please. They go into trillions of dollars in debt and then stick the unborn with the bill. They counterfeit the currency. They lie with misleading statistics and use accounting wizardry no business could get away. And this just...
  • About Social Security

    10/24/2015 1:43:58 PM PDT · by knarf · 43 replies
    FB ^ | October 24, 2015 | knarf
    I got this in my FB page and it is good enough to remind us ... again
  • Social Security is screwing over America’s elderly

    10/20/2015 5:31:34 AM PDT · by UMCRevMom@aol.com · 28 replies
    NY POST ^ | October 17, 2015 | Jonathon Trugman
    More than 65 million seniors got their pockets picked last week, and the hue and cry could be heard across the country. The Social Security Administration announced Thursday that there would be no cost-of-living adjustment (COLA) for 2016. Yes, America’s elderly, who paid into the system with each paycheck, are getting screwed. And that’s due to the way the SSA’s COLA calculation is done — it essentially comes directly from the notoriously inaccurate Consumer Price Index (CPI). Why not use the “Core CPI,” which strips out food and energy and is not subject to the volatile swings in commodities...
  • Medicare Rates Set to Soar for Many Seniors

    10/16/2015 6:39:36 AM PDT · by oh8eleven · 51 replies
    Wall Street Journal ^ | 15 October 2015 | Stephanie Armour And Anne Tergesen
    About 30% of the roughly 52 million people enrolled in Part B could see a 52% rise in those premiums if Congress and the Obama administration don’t find a way to freeze or reduce the increase. New beneficiaries, those with high incomes and Medicare recipients who don’t get Social Security would be hit with the increase. For them, the standard Part B premium would rise about $55 a month, or about $650 a year.
  • Medicare Premiums May Soar as Social Security Payments Stay Flat

    10/15/2015 11:18:53 AM PDT · by Brad from Tennessee · 25 replies
    New York Times ^ | October 15, 2015 | By Robert Pear
    WASHINGTON — The 60 million people on Social Security will not receive any cost-of-living increase in their benefits in 2016, the government said on Thursday, but because of a quirk in federal law, nearly one-third of Medicare beneficiaries could see record increases in their premiums unless Congress intervenes. With millions of older Americans on fixed incomes facing that one-two punch, the Obama administration is urging Congress to moderate or stop the health insurance premium increases, which could raise the cost for some Medicare beneficiaries by about 50 percent — the largest increase, by far, in the history of Medicare. But...
  • Government Says No COLAs for Social Security in 2016

    10/15/2015 7:57:23 AM PDT · by SeekAndFind · 59 replies
    US News and World Report ^ | 10/15/2015 | STEPHEN OHLEMACHER
    WASHINGTON (AP) — There will be no benefit increase next year for millions of Social Security recipients, disabled veterans and federal retirees, the government said Thursday. It's just the third time in 40 years that payments will remain flat. All three times have come since 2010. And there's more bad news. The lack of a benefit increase means that many older people could face higher Medicare costs, an issue that has advocates lobbying Congress. The main reason for no increase next year is low gas prices. By law, the annual cost-of-living adjustment, or COLA, is based on a government measure...
  • Donald Trump: My Rich Friends Shouldn’t Take Social Security

    10/12/2015 12:40:06 PM PDT · by RoosterRedux · 57 replies
    WSJ ^ | Heather Haddon
    Republican presidential front-runner Donald Trump said he and his rich pals should “voluntarily” forgo their Social Security benefits to bolster the health of the retiree entitlement system, declaring “I don’t need mine, by the way.” At a multi-candidate presidential forum in New Hampshire on Monday, Mr. Trump said that for the good of the country, rich taxpayers should sacrifice the benefits from the entitlement system into which they had paid throughout their professional lives. “I have friends that are worth hundreds of millions and billions of dollars and get Social Security. They don’t even know the check comes in,” said...
  • Lower gas prices means no Social Security increase next year (Or V.A., federal retirees, etc.)

    10/11/2015 3:34:22 PM PDT · by 2ndDivisionVet · 77 replies
    The Associated Press ^ | October 11, 2015 | Stephen Ohlemacher
    WASHINGTON (AP) — For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation's population. They can blame low gas prices. By law, the annual cost-of-living adjustment, or COLA, is based on a government measure of inflation, which is being dragged down by lower prices at the pump. The government is scheduled to announce the COLA — or lack of one — on Thursday, when it releases the Consumer Price Index for September. Inflation has been...
  • Expect no cost-of-living adjustment to Social Security in 2016

    10/10/2015 2:02:00 AM PDT · by JoeProBono · 45 replies
    aier ^ | 6 October 2015 | Polina Vlasenko
    The annual cost - of - living adjustment (COLA) to Social Security benefits will likely be zero in January 2016. The COLA will be announced on Oct. 15, when the last data required to compute it becomes available. But the data already suggest that prices have fallen over the past 12 months, removing the need for an adjustment. If prices have fallen but the COLA is zero, the purchasing power of Social Security benefits would increase. The Social Security Administration determines the COLA based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) compiled by the...
  • John Kasich on Social Security cuts: 'Get over it'

    Exeter, New Hampshire (CNN)—Ohio Gov. John Kasich said Friday that a New Hampshire audience member would "get over" cuts to Social Security payments as a result of his reform plan -- and the left is already pouncing on the comment. The Republican presidential candidate was asked about entitlement reform during NH1's "Fiscal Fridays" series in Concord, New Hampshire, on Friday, and he said it was something that would have to get done. "We can't balance a budget without entitlement reform. What are we, kidding?" Kasich said when asked about his opponents who say they won't touch entitlements. Kasich said he...
  • We’re Not That Far from a Balanced Budget

    09/29/2015 6:58:54 AM PDT · by SeekAndFind · 17 replies
    National Review ^ | 09/29/2015 | Kevin D. Williamson
    Americans are funny about taxes: When we complain about them, we don’t moan that we are paying too much — we lament that others are paying too little. In a Pew Research Center poll last year, only 27 percent of Americans cited their own tax liabilities among their complaints about the tax code, while 64 percent complained that other taxpayers — the wicked 1 percenters, the dreaded corporations — were getting off too easy. If you’ve ever met anybody who believes that we can balance the budget by cutting foreign aid, that the Social Security “trust fund” is a real...
  • New Deal with Stacked Deck

    09/22/2015 10:30:42 AM PDT · by Academiadotorg · 7 replies
    Accuracy in Academia ^ | September 22, 2015 | Malcolm A. Kline
    A high school teacher who has worked in Oregon and Manhattan is determined to pass on his history of the Great Depression. “By the end of Roosevelt’s first two terms in office, nonagricultural private-sector workers had the right to organize unions and the National Labor Relations Board was created to enforce that right,” Adam Sanchez writes in the Fall 2015 issue of Rethinking Schools. “The unemployed had access to a new, permanent system of unemployment insurance, and the elderly could rely on social security.” “Millions of people were put back to work through federal jobs programs.” Sanchez, who teaches at...
  • Low gas prices may doom Social Security raise

    09/21/2015 3:52:21 PM PDT · by BenLurkin · 41 replies
    cbs58 ^ | Christie Green
    "It's very likely the COLA will be zero, given the way the numbers are now," said Polina Vlasenko, senior research fellow at the American Institute for Economic Research. The problem: The way the government measures inflation simply doesn't reflect what people on Social Security spend their money on. The elderly simply don't benefit as much from lower gas prices as the average American worker because they're no longer driving to and from work. The falling gas prices are due primarily to oil prices, which are near a six-year low. A surge in U.S. oil production has fed a massive glut...
  • The Question No Candidate Will Answer [The responses to this question have never been persuasive]

    09/21/2015 6:59:33 AM PDT · by SeekAndFind · 19 replies
    National Review ^ | 09/21/2015 | Kevin Williamson
    I like Jake Tapper, but I already was ready to punch him in the ear over the “let’s you and him fight” structure of the debate questions last week when he abandoned all pretense of adulthood and asked the candidates what they’d like their Secret Service code names to be. It was a low, cringe-inducing moment, and the candidates made it lower and cringier with their answers. (“Trueheart”? “Justice Never Sleeps”? Ergh.) Marco Rubio just barely acquitted himself with “Gator,” but the correct answer was: “That’s a dumb question, Jake, and I am not going to answer it. Now, back...
  • The Scheming Marxist Architect of Obamacare, Robert Creamer, Helped Sell the Iran Deal

    09/20/2015 5:11:44 PM PDT · by CutePuppy · 11 replies
    NoisyRoom.net ^ | 2015 September 14 | Terresa Monroe-Hamilton (h/t Judy Weddle)
    [picture of Robert Creamer] Looks like the Marxist architect of Obamacare also had a major say in putting forth the Iran Deal. Robert Creamer was convicted in 2005 for tax violations and bank fraud. He served time and was under house arrest. While in prison, he crafted the core underpinnings of Obamacare. Creamer is a political consultant who is very close to Barack Obama and is married to Jan Schakowsky, the Marxist Congresswoman from Illinois. While on the inside, he wrote, Listen to Your Mother: Stand Up Straight! How Progressives Can Win. Obamacare was only the first major step in...