Bill Gerencer: We may have to adjust the cap on the portion of income that contributes a percentage to social security. This will maintain a surplus. Second, Congress must give up its ability to borrow the surplus.
Social Security is a program that includes provisions for retirement, disability insurance and survivor benefits. It can be self sustaining if structured to do so. The articles below discuss both its challenges and opportunities. In this video Senator Elizabeth Warren offers clear explanations for why Chained CPI is bad for the average American.
Brent Budowsky: The Senate becomes a farce: Democrats propose, Republicans filibuster. Democrats retreat, Congress recesses. Tiny victories are hailed as great achievements. The Democratic legacy is dumbed down by the day. The voice of a generation is silenced.
Carl Bloice: The Congressional Progressive Caucus budget that is far more sensible and humane than anything the White House is proposing. But since the “serious” people in Washington don’t cotton to it, the serious mainstream media won’t give it the time of day.
Norman Solomon: Whether or not Obama’s vicious assault on Social Security is successful, it has already jolted an unprecedented number of longtime supporters. It should be the last straw, suffused with illumination.
Steven Hill: An expansion of the Social Security retirement system — one of the most successful and popular social programs in American history — that converts it into a more robust retirement system would build upon the most stable component of the current system.
Richard “RJ” Eskow: Our nation was gripped by so many fallacies and delusions in 2012, the whole Mayan calendar end-of-the-world thing didn’t even make the list.
Richard RJ Eskow: The “chained CPI” is an attempt to camouflage deep cuts to Social Security and other benefits, along with tax hikes on middle class wages (but not for high incomes), in a forest of numbers and terminology.
Steve Hochstadt: So we end up with the same racial profiling that conservatives have been using to win votes since Richard Nixon’s southern strategy. The euphemisms change, but the intent is the same.
Richard “RJ” Eskow: On the same day that Goldman Sach’s CEO issued his “balanced” demand for Social Security and Medicare cuts, a Wall Street-funded group published a poll precisely reflecting the wishes of Goldman Sach’s CEO. Coincidence? I report, you decide.
Tina Dupuy: We’re fatter, sicker, further in debt and using the most illegal drugs in the world—all signs Americans have become overspent from bad economic policies.
Michele Waslin: As the Deferred Action for Childhood Arrivals initiative begins accepting applications this week, many are wondering whether beneficiaries of the program will be eligible to obtain a state driver’s license. At this point the answer is: it depends.
Eric Laumen: Amidst the controversy of the Starr commission’s Monica Lewinsky investigation, President Clinton, a centrist through and through, was forced to fall back on the support of his party’s left-progressive wing and abandon bipartisanship.
Steve Hochstadt: Dodd-Frank was passed by Democrats when they controlled Congress. Nearly every Democrat voted for Dodd-Frank, and nearly every Republican voted against it.