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Latest Social Security debate Stories

2011-06-17 12:58:00

Reaffirms that program must be strengthened to maintain critical benefits WASHINGTON, June 17, 2011 /PRNewswire-USNewswire/ -- AARP CEO A. Barry Rand offered the following statement in response to inaccurate media stories on the association's policy on Social Security: "Let me be clear - AARP is as committed as we've ever been to fighting to protect Social Security for today's seniors and strengthening it for future generations. Contrary to the misleading characterization in a recent...

2011-01-19 05:15:00

WINTER HAVEN, Fla., Jan. 19, 2011 /PRNewswire/ -- The best thing President Obama could say in his State of the Union Address, to help the American public understand the true status of Social Security, would be to tell the whole truth about the so-called Social Security "trust fund," says economist and author, Allen W. Smith, Ph.D. For years, Smith says, the public has been led to believe that the trust fund holds real marketable assets that can be sold to raise cash for paying future...

2011-01-13 11:53:00

WINTER HAVEN, Fla., Jan. 13, 2011 /PRNewswire/ -- Taxing the rich, in order to repay the looted Social Security money, is the only fair way to resolve the short-term Social Security funding problem, argues economist and author, Allen W. Smith, Ph.D. Smith explains that the 1983 Social Security legislation required the baby boomers to prepay the cost of their own benefits, in addition to paying the cost of their parents' benefits. All earlier generations had been required only to pay the...

2010-12-02 15:55:00

Statement of Paul Nathanson, National Senior Citizens Law Center WASHINGTON, Dec. 2, 2010 /PRNewswire-USNewswire/ --The National Senior Citizens Law Center is concerned that proposals contained in the National Commission on Fiscal Responsibility and Reform report to cut Social Security benefits would land a devastating blow to those older adults who rely on the program for all or most of their income. Low-income older adults and those who work on their behalf should be extremely concerned...

2010-08-11 10:46:00

85% oppose cutting Social Security to reduce the deficit as program celebrates 75th anniversary. WASHINGTON, Aug. 11 /PRNewswire-USNewswire/ -- With the 75th anniversary of Social Security approaching, AARP released a new survey report that shows that three in four (75%) adults age 18+ rely on or plan to rely on Social Security for their retirement income, including a large majority (62%) of younger adults age 18-29. The survey also showed a strong majority of those polled oppose...

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2010-05-05 11:15:00

The decline in the generosity of Social Security benefits for workers who recently reached their 60s has been the leading cause of the trend toward delayed retirement of older men, a new national study suggests. Between the periods of 1988-1992 and 2001-2005, there was a 4.7 percentage point increase in the number of men aged 55 to 69 in the workforce. The new study found that between 25 and 50 percent of that increase can be explained by declining Social Security benefits, said David Blau,...

2009-11-12 06:15:00

WINTER HAVEN, Fla., Nov. 12 /PRNewswire/ -- Economist and author, Allen W. Smith, is driving throughout Florida in a Honda mini-van, plastered with informational signs, in an effort to alert the public to the fact that Social Security payroll (FICA) taxes, deducted from workers' paychecks each week, are not being put into a trust fund for the payment of future Social Security benefits, as is commonly believed. Instead, Smith says all surplus Social Security revenue, not needed to pay...

2009-08-18 16:55:28

A nearly two-decade trend that is stripping away employer-provided health-care benefits for retirees in private business will likely continue and could soon hit an even deeper pool of government retirees, new research by a University of Illinois elder law expert warns.Richard L. Kaplan says the steady erosion of private sector benefits stems largely from a 1992 change in accounting standards that requires employers to project future coverage costs, rather than just booking expenses when...


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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