Social Security News, Tuesday 11-19-13 MSNBC (NAT) We should be talking about expanding Social Security benefits’ Steve Benen 11-19-13 Greg Sargent flagged a speech from Sen. Elizabeth Warren (D-Mass.) yesterday, in which she not only criticized the “chained CPI” measure Republicans demand and the White House would consider, but pushed for expanding benefits beyond the status quo. msnbc/rachel-maddow-show/expanding-social-security-benefits New York Times (NAT) The Geezers Are Not Alright Paul Krugman 11-19-13 And some of today’s seniors are still benefiting from traditional defined-benefit retirement plans. In the future, income other than from Social Security will depend almost entirely on defined-contribution plans — basically 401(k)s. And 401(k)s are basically an experiment that failed, except for the already affluent. krugman.blogs.nytimes/2013/11/19/the-geezers-are-not-alright/?_r=1 Slate (DC) How the Washington Post Trolled Democrats Into Moving Left on Social Security 11-19-13 My colleague Matthew Yglesias writes about Sen. Elizabeth Warren and her endorsement of Social Security expansion. Ill just fill in the backstory about the politics—and what this says about the whole Warren 2016? boondoggle. slate/blogs/weigel/2013/11/18/how_the_washington_post_trolled_democrats_into_moving_left_on_social_security.html Huffington Post (NAT) CEOs With 1,200 Times Your Retirement Savings Want To Cut Social Security Maxwell Strachan & Alissa Scheller 11-19-13 The incredibly wealthy CEOs pushing to cut the future Social Security benefits of millions of American retirees are pretty much guaranteed to stay incredibly wealthy throughout their own retirement. (Story continues below the chart.) huffingtonpost/2013/11/19/social-security-ceos_n_4297606.html?ncid=edlinkusaolp00000003 BillMoyers (NAT) CEOs Seeking to Slash Social Security Stumble Over Their Own Hypocrisy Sarah Anderson 11-19-13 Billionaire Pete Peterson once thought it would be a good idea to make rich CEOs the public face of his long-standing campaign to slash Social Security. billmoyers/2013/11/19/ceos-seeking-to-slash-social-security-stumble-over-their-own-hypocrisy/ U.S. News & World Report (NAT) Should Social Security Be Expanded? TERESA WELSH 11-19-13 Many other members of Congress, however, argue that cutting back Social Security is necessary to address the country’s budget deficit. They say spending on entitlement programs must be reduced to bring down the debt, a point of disagreement that has rendered budget negotiations between Democrats and Republicans essentially futile. usnews/opinion/articles/2013/11/19/is-elizabeth-warren-right-that-social-security-should-be-expanded Campaign For Americas Future (DC) “Values, Not Just Math”: Why Warren’s Social Security Speech Matters Richard Eskow 11-18-13 Economics writer Jeff Madrick summarized the book’s findings succinctly, writing that “typical families often cannot afford the high-quality education, health care, and neighborhoods required to be middle class today … Ms. Warren and (co-author Amelia) Tyagi (Warren’s daughter) have shown how little attention the nation and our government have paid to the way Americans really live.” That would appear to be Sen. Warren’s mission: to help our government pay more attention to the way Americans really live – and too often lose – in today’s unjust and unsustainable economy. ourfuture.org/20131118/values-not-just-math-why-warrens-social-security-speech-matters Bluefield Daily Telegraph (WV) Editorial: Do Social Security and Medicare show that Obamacare can be successful? Staff 11-19-13 Liberal commentator Juan Williams proudly notes how “popular” both Social Security and Medicare are, citing them as having received 70 percent support among those asked whether they like the programs or not. But just because lots of people like a given federal program doesnt mean it is a beneficial or successful program. bdtonline/columns/x1050745362/Do-Social-Security-and-Medicare-show-that-Obamacare-can-be-successful Yuma Sun (AZ) Letter: Fix for Social Security is available Letter 11-18-13 So start today and let it be known if you agree; let’s fix this system now and make everyone pay. What needs to be done to make Social Security solvent for now and forever? Have the cap on wages taken off and for everyone to pay on their full incomes until retirement age. yumasun/articles/care-90708-social-system.html#ixzz2l80tPQ9o Columbus Post-Dispatch (OH) Raise income ceiling to boost Social Security Letter 11-18-13 The Nov. 6 Dispatch editorial “Drifting closer to danger” omitted what seems to me to be the most reasonable solution to our upcoming Social Security crisis: raising the payroll ceiling. dispatch/content/stories/editorials/2013/11/17/1-r-deacon-gtjpk7nd-1.html RoundUpWeb (MT) Social Security Former Rep. Pat Williams 11-19-13 The first monthly Social Security check was cut for $22.54 and delivered to Ida May Fuller in Brattleboro, Vermont, 73 years ago. Today’s Americans receive Social Security checks averaging $1,180 per month. Both critics and supporters of Social Security are justifiably concerned about the financial solvency of the system. Although the retirement fund enjoys by far the largest surplus, $2.7 trillion, of any government trust fund, that money is expected to start being reduced in 2021. roundupweb/story/2013/11/20/golden-roundup/social-security/3718.html Sequestration Huffington Post (NAT) House Republicans Warn About The Next Round Of Sequestration Sam Stein 11-18-13 The lawmakers, who serve on the House Appropriations Committee, called the second round of sequestration a legislative gambit that would complicate effective governance. Letting the cuts continue into the next fiscal year, they wrote, would result in more indiscriminate across-the-board reductions that could have negative consequences on critically important federal programs, especially our national defense. huffingtonpost/2013/11/18/house-republicans-sequestration_n_4298376.html Forbes (NAT) How To Cut Federal Spending By A Trillion Dollars -- Without Sequestration Or Serious Hardship Loren Thompson 11-19-13 Last week the Congressional Budget Office released a 300-page compendium of potential modifications to federal spending practices that could reduce the budget deficit. Many of the hundred-plus options discussed are arcane and complicated, and some would impose real hardship on recipients of government benefits such as children from poor families. However, a careful read of the document reveals ways in which the savings goals of the Budget Control Act could be achieved while avoiding the destructive consequences of sequestration. forbes/sites/lorenthompson/2013/11/19/how-to-cut-federal-spending-by-a-trillion-dollars-without-sequestration-or-serious-hardship/ Air Force Link (DC) Acting SECAF: AF at increased level of risk under sequestration Staff Sgt. David Salanitri, Air Force Public Affairs Agency, Operating Location - Pentagon 11-18-13 Air Force readiness was the topic of concern for the Air Force’s senior leader as he addressed members of the Air Force Association and the media during the association’s monthly breakfast, in Arlington, Va., Nov. 18. ”Air Force readiness has suffered an increased level of risk’ as a result of sequestration,” said Acting Secretary of the Air Force Eric Fanning. af.mil/News/ArticleDisplay/tabid/223/Article/467539/acting-secaf-af-at-increased-level-of-risk-under-sequestration.aspx Politics Politico (DC) DOJ announces $13B JPMorgan settlement Jon Prior 11-19-13 The Justice Department on Tuesday announced a $13 billion settlement with JPMorgan Chase over allegations that the bank misled investors over faulty mortgage bonds sold in the lead-up to the 2008 financial crisis. politico/story/2013/11/doj-jpmorgan-settlement-100073.html#ixzz2l83pkA5T Politico (DC) Reid: ‘Weighing Nuclear Option’ Burgess Everett 11-19-13 Senate Majority Leader Harry Reid says he is actively weighing a change in Senate rules to limit the filibuster. After Senate Republicans blocked the third of President Barack Obama’s nominees to the D.C. Circuit Court of Appeals on Monday, the Nevada Democrat stopped dodging questions about whether he would try to dilute the GOP’s ability to block nominees and eliminate filibusters on judicial nominees. politico/story/2013/11/harry-reid-filibuster-nuclear-option-100074.html?hp=l1 Politico (DC) Bachman weighing ACA lawsuit Ginger Gibson 11-19-13 Rep. Michele Bachmann said she is in discussions with a group of Republicans to file a lawsuit against President Barack Obama for moving to end the cancellation of health care policies through administrative action. politico/story/2013/11/michele-bachmann-obamacare-lawsuit-100059.html#ixzz2l84l18go
Posted on: Tue, 19 Nov 2013 22:31:15 +0000
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