Social Security News, Tuesday 10-15-13 SSW/SSSC mention Huffington Post (NAT) Republicans Latest Ransom Note: Cut Social Security or the Economy Gets It Ben Veghte 10-14-13 Last week 50 House Republicans, led by Rep. Reid Ribble (R-WI), sent a letter to Speaker Boehner urging him to insist on Social Security benefit cuts as part of any deal to avert default. Rep. Paul Ryan (R-WI) echoed this line: In an op-ed in the Wall Street Journal, he called on Republicans to seek cuts to Social Security, Medicare and Medicaid as the price for not defaulting. He even called cutting these programs the nations biggest challenge. huffingtonpost/ben-veghte/republicans-latest-ransom_b_4097920.html Associated Press (NAT) Social Security raise to be among lowest in years Stephen Ohlemacher 10-13-13 For the second straight year, millions of Social Security recipients, disabled veterans and federal retirees can expect historically small increases in their benefits come January. bigstory.ap.org/article/social-security-raise-be-among-lowest-years NBC News (NAT) Why Social Security recipients might feel the pinch Allison Linn 10-15-13 Joel Naroff, chief economist with Naroff Economic Advisors, said switching to the chained CPI would save money, but it would mean that annual Social Security benefit increases would be even further removed from the actual changes in the costs that older Americans face. “If you’re going to say that you want to have a cost of living adjustment for Social Security, then find the measure that most closely matches their consumption bundle,” he said. “Otherwise, stop the game. Call it: I want to lower the rate of increase of Social Security payments and that’s all I’m trying to do.” nbcnews/business/why-social-security-recipients-might-feel-pinch-8C11390723 AlJazeera (NAT) Social security recipient: Debt ceiling debate hurting the entire nation 10-14-13 Theres growing concern that if Congress fails to raise the debt ceiling Social Security checks could be delayed. Kilmeny Duchardt caught up with retirees at a seniors facility who say they cant afford for that to happen. america.aljazeera/watch/shows/live-news/2013/10/social-security-recipientdebtceilingdebatehurtingtheentirenation.html Washington Post (NAT) Yes, the debt fight could delay Social Security checks. Here’s how. Jim Tankersley, 10-15-13 There’s a theory pinging around that says no matter what happens with the debt ceiling, Social Security beneficiaries will keep getting their checks on time. Social Security is a trust fund that brings in more money than it pays out, so the theory holds that even if the United States can’t legally borrow more money, benefits must continue until the trust fund runs out. washingtonpost/business/economy/yes-the-debt-fight-could-delay-social-security-checks-heres-how/2013/10/15/8bfc2172-35a1-11e3-be86-6aeaa439845b_story.html New York Times (NAT) Changing the Debt-Ceiling Game DAVID McADAMS 10-15-13 THERE’S a lot of talk these days about raising the debt ceiling, to create time for more meaningful budget negotiations. But why should anyone expect Act II of this tragedy to unfold any differently from Act I? What we need most isn’t more time, but to change the debt-ceiling game itself, to make “debt-ceiling moments” less fraught with peril, less prone to stalemate, and more conducive to productive negotiations. nytimes/2013/10/15/opinion/changing-the-debt-ceiling-game.html Washington Post (NAT) Senate leaders within striking distance of deal to end shutdown, raise debt limit Lori Montgomery and Rosalind S. Helderman 10-14-13 Senate leaders said late Monday that they were closing in on a deal to raise the federal debt limit and end the two-week-old government shutdown, just days before the Treasury Department exhausts its ability to borrow. The emerging agreement would extend the Treasury Department’s borrowing authority until Feb. 7, reopen the government and fund federal agencies through mid-January, according to aides and lawmakers familiar with the negotiations. washingtonpost/politics/all-eyes-on-us-stock-markets-as-debt-deadline-draws-closer/2013/10/14/4a2a9992-34be-11e3-80c6-7e6dd8d22d8f_print.html Salon (NAT) Boehner’s “a disaster,” Cruz an “intelligent fool,” and heroin should be legal: Barney Frank talks to Salon 10-15-13 The Social Security chained CPI and Medicare changes that the president has expressed support for — do you think those will happen in this presidency? No. The chained CPI is a terrible idea — the worst thing about a president who I generally admire. The notion that old ladies living on $1500 a month in downtown Boston should be penalized is just bizarre. If we’d got the hell out of Afghanistan this year instead of waiting a year, there’d be no need to do the chained CPI. salon/2013/10/15/boehners_a_disaster_cruz_an_intelligent_fool_and_heroin_should_be_legal_barney_frank_talks_to_salon/singleton/ Economic Policy (DC) Welfare Isn’t Too Generous—Wages Are Too Low Elise Gould 10-11-13 NPR recently published a story that gives undue credence to a Cato Institute study lamenting the generosity of US safety net programs. In reality, welfare benefits are not nearly as generous or accessible as the study claims. The NPR piece provides useful stories from actual welfare recipients, whose experiences more faithfully represent reality. - See more at: epi.org/blog/welfare-isnt-generous-wages/#sthash.ZzaT2atr.dpuf epi.org/blog/welfare-isnt-generous-wages/ Politics Politico (DC) House GOP leaders scramble to pass plan JAKE SHERMAN, BURGESS EVERETT and JOHN BRESNAHAN 10-15-13 In a closed-party meeting Tuesday morning, the House GOP leadership announced a plan to reopen the government until Jan. 15 and lift the debt ceiling until Feb. 7. The legislation would also delay Obamacare’s tax on medical devices for two years; cancel health-insurance subsidies for members of Congress, the president, vice president and the cabinet; and beef up income verification requirements for Affordable Care Act subsidies. politico/story/2013/10/government-shutdown-debt-ceiling-default-update-98317.html#ixzz2hopNT4ss Huffington Post (NAT) House GOP To Push Separate Bill To Reopen Government, Raise Debt Limit Sam Stein 10-15-13 In a closed-door meeting on Tuesday morning, House Republican leadership decided to put out its own debt limit and government funding bill, rather than adopt the one emerging from the Senate. The details for the bill, as told by a top Republican aide, are as follows: The bill would fund the government through Jan. 15 and extend the debt limit through Feb. 7. Those are the same lengths of time as the Senate bill would provide. huffingtonpost/2013/10/15/gop-bill-government-shutdown_n_4100453.html Reuters (NAT) House Democratic leader Pelosi says still optimistic debt default can be averted Steve Holland and Mark Felsenthal Nancy Pelosi, head of the Democratic minority in the House of Representatives, said on Tuesday she still believes a U.S. debt default can be averted. reuters/article/2013/10/15/us-usa-fiscal-obama-democrats-idUSBRE99E11A20131015?feedType=RSS&feedName=politicsNews&utm_source=dlvr.it&utm_medium=twitter&dlvrit=574655 Reuters (NAT) Top Senate Democrat confident of deal this week to avoid default David Lawder 10-15-13 Senate Majority Leader Harry Reid said on Tuesday he was confident that Senate Democrats and Republicans can reach a comprehensive fiscal agreement this week that avoids a U.S. default on debt and other obligations. reuters/article/2013/10/15/us-usa-fiscal-reid-talks-idUSBRE99E0IF20131015?feedType=RSS&feedName=politicsNews&utm_source=dlvr.it&utm_medium=twitter&dlvrit=574655 Washington Post (NAT) House Republicans are falling for the sunk cost fallacy Neil Irwin 10-15-13 A sunk cost is something youre not going to get back. If you watch five episodes of a television show you decide you dont like very much, youre never getting that time back. If you date somebody for six months before figuring out youre incompatible with them, same deal. washingtonpost/blogs/wonkblog/wp/2013/10/15/house-republicans-are-falling-for-the-sunk-cost-fallacy/ Washington Post (NAT) The Morning Plum: Dems think they’re killing debt limit GOP extortion for good GREG SARGENT 10-15-13 The broad outlines of a deal to end the crisis are now emerging from the Senate: It would lift the debt limit until February 7th, reopen the government through January 15th, and trigger budget talks to replace the sequester. There’s some last minute haggling over minor Obamacare concessions. House Republicans will seek changes to the deal, and it’s unclear whether they’ll even allow a vote on it. washingtonpost/blogs/plum-line/wp/2013/10/15/the-morning-plum-dems-think-theyre-killing-debt-limit-gop-extortion-for-good/
Posted on: Tue, 15 Oct 2013 21:38:05 +0000
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