Posts Tagged ‘ social security funding ’

Social Security and the Proposed Budget

Apr 28th, 2020 | By | Category: Senior Moments Blog

When the 2021 proposed budget was released from the White House in February, 2020, we heard quite an outcry from senators and representatives. They were (rightfully) concerned about what appears to be cuts to Social Security.

SeniorCitizenJournal.com decided to take a look at the proposed federal budget, with the help of FactCheck.org, a project that comes out of The Annenberg Public Policy Center at the University of Pennsylvania. The proposed budget itself is a pretty complicated manuscript. Understanding it requires help from interpreters.

Well, the ‘proposal’ is largely an annual ritual that establishes the administration’s priorities, but is never acted on by Congress. And according to FactCheck.org, “The budget proposes reductions to the Social Security Disability Insurance and Supplemental Security Income programs, but not reductions to the retirement portion of Social Security.” That means Social Security benefits to most senior citizens will not be reduced in this budget proposal.



Senior Citizens Support Social Security

Jan 27th, 2011 | By | Category: Social Security & Medicare

It’s still not clear what our new congress plans to do about Social Security.  The President didn’t say much about it in his State of the Union address.  What he did say was he would improve Social Security “without putting at risk current retirees” and “without slashing benefits for future generations.” This is a step in […]



Social Security: Pension Plan or Entitlement?

Dec 20th, 2010 | By | Category: Social Security & Medicare

A lot is being said in national media today about Social Security being a Pension Plan.  And an equal amount of verbage is spewed about Social Security being an Entitlement program (i.e., senior citizens are ‘entitled’ to retirement benefits provided in a program administered by the Federal Government).  Let’s take a look at the issues. […]



A Reasonable Suggestion Regarding Social Security

Nov 8th, 2010 | By | Category: Social Security & Medicare

Richard Eskow, writing on Campaign for America’s Future, asks a pertinent question that all politicians need to address on behalf of senior citizens across the country: “Can’t we stop characterizing one another and discuss the issues in a thoughtful and collegial manner? I’ll accept a portion of the blame for being excessively “strident” in the past. […]



Social Security Financial Shortfall is a Myth

Oct 1st, 2010 | By | Category: Social Security & Medicare

This LA Times article says it better than we could.  Bottom line is faulty math by those wanting to shut down Social Security.  There is no shortfall, unless you leave out the $118 million owed in interest.  Please use the link to read the entire article, originally published in August, 2010.



Social Security Solvency: Options for Adjusting Funding

Jul 27th, 2010 | By | Category: Social Security & Medicare

In the July 14, 2010, issue of Senior Citizen Journal (SCJ), we talked about the future of the Social Security Program, and why some of the current buzz about it is based on false information.  Today we begin a series on recommendations made by the Special Committee on Aging, headed by Senator Herb Kohl, regarding […]