Posts Tagged ‘ social security solvency ’

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. decided to take a look at the proposed federal budget, with the help of, 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, “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.


Sep 14th, 2012 | By | Category: Senior Moments Blog

A lot has been written about Social Security, some of it very distorted. Senior Citizen (SCJ) tries to get the facts straight all the time. When we make a mistake, we admit it and correct it. We never distort the truth, nor do we publish lies. So here is the straight talk about Social Security, with links to articles that we published earlier.

Many Baby Boomers are wondering about how to calculate their Social Security benefit upon retirement. This articles tells you how to do that.
A number of proposals are on the table that address issues of changing Social Security to make it more solvent. Here are the proposals, including a discussion of pros and cons.


Sep 16th, 2011 | By | Category: Senior Moments Blog

Most indicators suggest that seniors, those over 65 and under the care of social security, will not be touched by Debt Panel recommendations for the huge and hovering debt that they are charged to manage and minimize.

Those who watch carefully, however, are already aware of the encroachment on younger persons who are being told and sold the idea that they will never collect on their investment in social security. SCJ has been writing for a year now about how Social Security can be preserved for future generations; it doesn’t have to be changed in order for the program to survive. Erosion of confidence, not unlike the washing away of soil, is a sure fire indicator that something else will be washed away ere long.


Aug 24th, 2011 | By | Category: Social Security & Medicare

Trustees’ Annual Report Highlights Social Security Strengths The 2011 annual report of the Social Security Trustees was published in May, 2011.  The National Committee to Preserve Social Security and Medicare provides an introduction to the report summary, including highlights from the report: “Throughout our nation’s recent recession, Social Security has demonstrated its strength by paying […]

Senior Citizen Anger Over Potential Social Security Changes

Aug 6th, 2011 | By | Category: Social Security & Medicare

Simpson Compares Social Security to Milk Cow Last year (August, 2010) Alan Simpson, retired senator from Wyoming and Co-Chair of the deficit commission, said about senior citizens, “We had the greatest generation–I think this is the greediest generation.” He went on to compare Social Security to a milk cow with 310 million teats. Really, Mr […]

Social Security and Ponzi Schemes, a Comparison

Jul 31st, 2011 | By | Category: Social Security & Medicare

A friend sent me an interesting email that illustrates the Social Security Trust Fund issue well.  The author/originator of this information is not identified, so unfortunately, we cannot give appropriate credit. The comparison is made between what Bernie Madoff did with his Ponzi scheming over the years, and how elected officials have handled the Social […]


Mar 21st, 2011 | By | Category: Social Security & Medicare

Tell your friends.  Tell your family.  Tell your children and grandchildren, your neighbors, strangers on the street…  SOCIAL SECURITY AIN’T BROKE!  It doesn’t need fixing.  It doesn’t need to be changed.  It works.  Period. Let’s talk about FACTS again… The Social Security Trust Fund cannot borrow money.   Because the Trust Fund cannot borrow money, it […]

Senior Finances: Social Security Baloney

Feb 18th, 2011 | By | Category: Senior Finances

Seniors, our financial security is once again at risk, and we need to understand the issues.  A former trustee of the Social Security Trust Fund weighs in on the Social Security solvency issue. “Saving” Social Security is a fear-mongering attempt to convince us seniors that there is a problem with our major lifeline.   In a word, the […]

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 […]

Seniors and American Voters in Agreement About Social Security

Jan 13th, 2011 | By | Category: Social Security & Medicare

All the evidence about Social Security continues to say the same thing:  Don’t change Social Security.  Leave the program, and Senior Citizens in our country, alone. The latest op ed is a little long, but very well written with a lot of essential points to consider.  Richard Eskow wrote it and SCJ highly recommends you […]