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Keyword: socialsecurity

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  • Biden Sought ‘Grand Bargain’ to Reduce Deficit Through Cuts to Social Security

    10/20/2020 3:40:05 PM PDT · by mplc51 · 16 replies
    Breitbart ^ | 10/20/2020 | Haris Alic
    Joe Biden, the Democratic presidential nominee, worked to forge a “grand bargain” with congressional Republicans on deficit reduction during the Obama years. As part of the effort, the former vice president openly advocated for putting entitlement programs, including Social Security, on the negotiating table. Shortly after taking office in 2009, President Barack Obama and his administration were struck with a complex problem. The economy, which was still in the midst of the Great Recession, was struggling to rebound, with job losses, bankruptcies, and home foreclosures running rampant. At the same, the deficit was at an all-time, hitting 8.9 percent of...
  • DEVELOPING: Polls show the Biden campaign's strategy of scaring seniors over COVID & Social Security is getting traction.

    09/24/2020 7:32:28 AM PDT · by rintintin · 83 replies
    @paulsperry ^ | Sep 21 2020 | Paul Sperry
    Paul Sperry @paulsperry_ DEVELOPING: Polls show the Biden campaign's strategy of scaring seniors over COVID & Social Security is getting traction. It's running ads claiming Trump wont protect them from the disease & will slash their SS checks. So far the Trump campaign has marshaled no effective response
  • Setting Up a Casual Pay SS Account

    09/14/2020 3:22:51 AM PDT · by knarf · 10 replies
    self ^ | September 14, 2020 | knarf
    My wife and I were were discussing SS in the Philippines vs. The USA ....
  • WATCH: Joe Biden's Social Security & Medicare Comments on the Floor of the Senate

    09/11/2020 9:24:44 AM PDT · by wrrock · 6 replies
    TG ^ | 9/11/2020 | Evan
    Joe Biden has been on the floor of the Senate talking about the need to cut Social Security, Medicare, Medicaid and veterans’ benefits. This is where laws are defined. His comments on the Senate floor are likely his true position, since they are made when laws are being finalized. In the debates, Biden flatly denied he made these comments. Compare the videos and judge for yourselves.WATCH BIDEN COMMENTS ON FLOOR OF SENATE & Biden denying them at a debate......
  • Fact checking the fact checkers: Trump does indeed plan to destroy Social Security

    09/10/2020 2:55:35 PM PDT · by where's_the_Outrage? · 81 replies
    The Hill ^ | Sept 10, 2020 | Nancy Altman
    Donald Trump's nonstop lies, together with his endless cries of "fake news" and "hoax," make the role of media fact checkers more important than ever. Unfortunately, on the crucial issue of Social Security, too many of them are furiously defending Trump from his own words. Instead of acting as a check on Trump's lies, they act like bullied children seeking to appease. They provide him cover, grade him on a curve, and give him every benefit of the doubt while denying that same leniency to Joe Biden and others. This is an extreme disservice in the lead-up to the election,...
  • Washington Post Awards Biden Ad Four Pinocchios For Attacking Trump On Social Security Plan 'That Does Not Exist'

    09/07/2020 6:21:28 PM PDT · by Helicondelta · 54 replies ^ | September 6, 2020
    The Washington Post published an analysis describing how an ad for Joe Biden’s presidential campaign attacked a Social Security plan from President Trump that “does not exist.” “Trump gets mentioned in this ad three times. But there is no such Trump plan,” Kessler wrote, before awarding the ad four Pinocchios.
  • Scrapping payroll tax without replacement would hit Social Security benefits by 2021, actuary says

    08/26/2020 12:18:05 PM PDT · by rintintin · 59 replies
    MarketWatch ^ | Aug 26 2020 | Jonathan Nicholson
    Repealing the payroll tax as proposed by President Donald Trump without putting in place a new source of funding for Social Security would mean disability payments would end in mid-2021 and payments to the elderly would stop in 2023, according to the program’s chief actuary.
  • 5 scenarios where claiming Social Security early is a terrible move

    08/24/2020 5:15:42 PM PDT · by rintintin · 99 replies
    Fox Business ^ | Aug 24 2020 | Fox Business
    As of June, the average retired worker was bringing home $1,514 a month from Social Security. This works out to all ost $18,200 a year. All things considered, this isn't very much -- but for 62% of retired workers receiving a Social Security benefit, their monthly payout will account for at least half of their income. The critical role Social Security plays during retirement for so many elderly Americans demonstrates just how important your claiming decision can be. Claiming age plays a big role in determining your Social Security payout Although there are more than a half-dozen factors that can...
  • Gerri Willis: Number of Americans being offered early retirement is ‘sky high’

    08/23/2020 2:43:28 PM PDT · by rintintin · 60 replies
    Fox Business ^ | Aug 11 2020 | Angelica Stabile
    More and more Americans are being given the option to retire early due to the economic setbacks of the coronavirus pandemic, FOX Business’ Gerri Willis told “FOX News Rundown.” “This is fascinating. These numbers are sky-high,” she said on the daily podcast. “We didn't really understand the number of people that were being offered early retirement. And it's still not entirely clear. But what is clear is that there is a greater proportion of people going into retirement than we thought.” Willis said younger Americans in their 40s and 50s are being offered early retirement since so many industries like...
  • Pelosi Falsely Claims That 'Social Security Benefits' Are Delivered by Post Office Mail

    08/17/2020 5:33:41 PM PDT · by Brown Deer · 42 replies
    CNS News ^ | August 17, 2020 | Michael W. Chapman
    (CNS News) -- In a letter to her Democratic colleagues in Congress about President Trump's alleged manipulation of the U.S. Postal Service, House Speaker Nancy Pelosi (D-Calif.) falsely claims that "Social Security benefits" are delivered by mail. This is not true because, as the Social Security Administration states in its own literature, "If you get Social Security benefits, you must receive your payments electronically." In her Aug. 16 letter, which is posted as a press release on her website, Pelosi states, "The Postal Service is a pillar of our democracy, enshrined in the Constitution and essential for providing critical services:...
  • Fact Check: Barack Obama Falsely Claims Seniors Depend on Post Office for Social Security

    08/14/2020 11:59:24 PM PDT · by knighthawk · 38 replies
    Breitbart ^ | August 14 2020 | JOHN CARNEY
    Barack Obama and a number of other Democrat officials have falsely claimed that senior citizens depend on the United States Postal Service to receive their social security checks. Claim: “Everyone Depends on the USPS. Seniors for their Social Security,” Obama said in a tweet.
  • Biden says Trump executive order is 'a reckless war on Social Security'

    08/08/2020 10:00:00 PM PDT · by rintintin · 151 replies
    MSN ^ | Aug 8 2020 | J. Edward Moreno
    Former Vice President Joe Biden on Saturday called President Trump's executive order to cut payroll taxes "a reckless war on Social Security." One of the several orders Trump signed from his private club in Bedminster, N.J., Saturday afternoon directs the Treasury Department to allow employers to defer payment of employee-side Social Security payroll taxes through the end of the year for Americans making less than roughly $100,000 annually. Trump also said that he intends to forgive the deferred payroll taxes and make permanent payroll tax cuts if he is reelected in November. In an emailed statement addressing the president's order,...
  • This Social Security scam is just evil

    01/13/2020 6:32:55 AM PST · by Red Badger · 85 replies
    WaPo ^ | August 12, 2019 at 6:30 a.m. CDT | By Michelle Singletary
    Imagine you’re retired and your primary source of income is your monthly Social Security check. Your telephone rings and an automated message says your Social Security number has been “suspended” because of some suspicious activity. You may even be threatened with arrest if you don’t call the telephone number provided in the automated message. If someone calls saying that your Social Security number and the benefits connected to it may be in jeopardy, it’s understandable that you might panic. You’re told that to “reactivate” your Social Security number, you have to pay a fee or buy gift cards. You have...
  • White House drops payroll tax cut after GOP allies object

    07/27/2020 5:31:48 PM PDT · by where's_the_Outrage? · 22 replies
    AP ^ | July 23, 2020 | ANDREW TAYLOR and LISA MASCARO
    WASHINGTON (AP) — President Donald Trump on Thursday reluctantly dropped his bid to cut Social Security payroll taxes as Republicans stumbled anew in efforts to unite around a $1 trillion COVID-19 rescue package to begin negotiations with Democrats who are seeking far more. Frustrating new delays came as the administration scrambled to avert the cutoff next week of a $600-per-week bonus unemployment benefit that has helped prop up the economy while staving off financial disaster for millions of people thrown out of work since the coronavirus pandemic began. Trump yielded to opposition to the payroll tax cut among his top...
  • Trump is Holding COVID Aid Hostage for His #1 Priority: Defunding Social Security

    07/27/2020 3:54:44 PM PDT · by where's_the_Outrage? · 43 replies
    Social Security Works ^ | July 16, 2020 | Linda Benesch
    (Washington, DC) — The following is a statement from Nancy Altman, President of Social Security Works, in response to Donald Trump demanding that the next coronavirus relief package include a cut in the payroll tax, Social Security’s dedicated revenue: “The coronavirus pandemic is raging across America. Essential workers are in desperate need of tests and personal protective equipment (PPE). Millions of Americans are at risk of eviction. Over 57,000 nursing home residents and workers are dead. Hospitals are in danger of becoming overwhelmed. Donald Trump is doing nothing to address any of this. Instead, he’s stated his intentions to hold...
  • How Uncle Sam knows when we die

    07/21/2020 10:24:23 AM PDT · by spintreebob · 16 replies
    American Action Forum ^ | 7-21-2020 | Gordon Gray
    Executive Summary The Social Security Administration serves as the primary steward of death records at the federal level. Despite federal agencies’ need for accurate death information, accurate death data are not universally available to federal agencies, including those with payment functions. Improvements to federal payment integrity could include legislative changes that would ensure accurate death information is more widely available to federal agencies. Introduction Perhaps the most conspicuous element of the federal response to the COVID-19 pandemic and resulting economic fallout has been economic impact payments (EIPs) or “stimulus checks,” sent to nearly 160 million Americans, and totaling $267 billion....
  • Radical-in-Chief

    02/23/2015 8:08:47 AM PST · by Ray76 · 13 replies
    Frontpage Magazine ^ | January 13, 2011 | Stanley Kurtz
    [I begin] with the story of a series of Socialist scholars conferences that Barack Obama attended when he lived in New York City between the years 1983 and 1985. And when I finally reconstructed what had gone on at these Socialist conferences that Barack Obama attended, I truly was amazed because what I saw was a kind of map of Barack Obama’s entire subsequent political career. It was at this Socialist conferences in New York in the mid-’80s that Barack Obama encountered the groups, the strategies, and the mentors who would guide him throughout his entire political career. [T]hese Socialist...
  • About that Social Security trust fund running out...The clock is still ticking and taxpayers who paid in are going to have to decide what to do

    06/14/2020 6:46:14 AM PDT · by SeekAndFind · 51 replies
    American Thinker ^ | 06/14/2020 | By Michael Muldowney
    Let’s touch on a few points regarding Social Security retirement benefits that are coming into sharper focus in the current economic crisis. In general, one should avoid beginning benefits prior to Full Retirement Age (FRA), which is age 66 for persons turning 66 this year and which will gradually increase in future years. While benefits can begin as early as age 62, the cost of doing so is a permanent 25% lifetime reduction of benefits. Unless one is under tremendous financial or medical distress, drawing benefits prior to FRA can be a costly and irreversible mistake. Second, one can defer...
  • Coronavirus Is Quickly Draining Social Security (8 years left)

    06/06/2020 3:48:03 PM PDT · by 11th_VA · 27 replies ^ | Craig Eyermann • Wednesday June 3, 2020
    The 2020 Social Security Trustees’ Report is out, and it is not good news. According to Social Security’s trustees, the Old Age and Survivors’ Insurance Trust Fund will run out of money in 14 years, meaning that beginning in 2035, all of Social Security’s beneficiaries will have their monthly income checks slashed by 21 percent. ... But it’s going to be much worse than that. Social Security’s Trustees never considered the possibility of a global coronavirus pandemic that would prompt state and local government officials to close businesses and to order residents to stay at home, effectively shutting down a...
  • Proposal: $5,000 Stimulus Check In Exchange For Slightly Delayed Social Security Benefits

    05/12/2020 8:24:04 AM PDT · by Responsibility2nd · 57 replies
    Forbes ^ | 05/11/2020 | Shahar Ziv
    $5,000 Stimulus Check Loan Proposal: The Washington Post reported that senior economic officials at the White House are exploring a polarizing proposal by conservative scholars at the right-leaning American Enterprise Institute and Hoover Institution. The scholars, Andrew Biggs (a Forbes contributor) and Joshua Rauh, had published an opinion piece in The Hill outlining their plan, which would provide cash to households, but not in the form of a direct stimulus payment. Instead, the two argue that Congress should offer voluntary loan checks of up to $5,000 – the actual amount is up for debate – in exchange for a delay...