Social Security

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Why the Left Hates 'Chained CPI'

Obama's proposed Social Security changes are not popular with liberals

(Newser) - President Obama is making some concessions to Republicans in his new budget, and there's one that has particularly rankled the Democrats' ranks, reports MSNBC : A proposal to change the way Social Security benefits are determined by linking it to something called "chained CPI." So what is it...

Obama Budget to Offer GOP a Spoonful of Sugar

Medicare, Social Security cuts 'demonstrate willingness to compromise': NYT

(Newser) - Obama's personal salary isn't the only figure the president plans on cutting this year. A new budget set to be released next week proposes cuts to Medicare and Social Security. It's a deficit-reducing olive branch to the GOP, and the administration says it will lead to...

Obama: Gay Marriage Bans 'Probably' Unconstitutional

President says debt sustainable for next 10 years

(Newser) - It looks like President Obama's views on gay marriage are continuing to " evolve ." When he first expressed his support for gay marriage last May, Obama also said he thought it was a state issue (a position he's since reaffirmed ). Now, however, the president is saying...

Simpson, Bowles Back With Sequel to Deficit Plan

They want to slash another $2.4T, far exceeding Obama's goals

(Newser) - If you liked the first Simpson-Bowles plan, good news! Washington's favorite bipartisan hypothetical budget slashers have come up with a sequel of sorts, proposing $2.4 trillion in new (and probably politically impossible) deficit cuts over the next decade, Politico reports. How would they get there?
  • They'd slash
...

401(k)s Aren&#39;t Working
 401(k)s Aren't Working 
OPINION
Feb 6, 2013 12:05 PM CST

401(k)s Aren't Working

Nation's 'grand experiment' has been an alarming failure: Duncan Black

(Newser) - We're just now seeing the results of the nation's "grand experiment" with 401(k) plans as the first generation of workers to embrace the concept reaches retirement age. The results are "truly alarming," writes Duncan Black in USA Today . Many people don't have nearly enough...

Feds: Flatulent Worker No Problem After All

Social Security officials rescind reprimand against employee

(Newser) - That smell over in cubicle four? Let's not worry about it, Social Security officials have decided. The federal agency had reprimanded an employee last month for allegedly disrupting work "by passing gas and releasing an unpleasant odor," reports Today . The letter came with a timestamped log that...

Personal Finance Tips for 2013
 Personal Finance Tips for 2013 
Dec 26, 2012 12:23 PM CST

Personal Finance Tips for 2013

Stop eating out, haggle with your cable company, and 'imagine you're dead'

(Newser) - The Wall Street Journal has some "smart money" tips on how to save in 2013:
  • Stop eating out: That $10 sandwich you ate for lunch today would have cost $2 if you made it at home. Unless you earn $96 an hour after taxes, then you should think about
...

Raising Social Security Age Is &#39;Cruel&#39; Idea

 Raising Social Security Age 
 Is 'Cruel' Idea 
paul krugman
Nov 16, 2012 12:13 PM CST

Raising Social Security Age Is 'Cruel' Idea

Paul Krugman says advocates miss key point on rising life expectancy

(Newser) - One idea that gets floated by both parties in the conversation about reforming Social Security and Medicare is to raise the eligibility age for both. After all, life expectancy is rising, so it's only logical, right? Wrong, writes Paul Krugman in the New York Times . In fact, "it'...

Psst, Taxes Go Up Next Year for 163M Workers

Neither party plans to extend the payroll tax break

(Newser) - President Barack Obama isn't talking about it and neither is Mitt Romney. But come January, 163 million workers can expect to feel the pinch of a big tax increase regardless of who wins the election. A temporary reduction in Social Security payroll taxes is due to expire at the...

Watch for Biden to Come Out Swinging

 Watch for Biden to 
 Come Out Swinging 
VP Debate Preview
Oct 11, 2012 7:59 AM CDT

Watch for Biden to Come Out Swinging

But controversy over moderator hangs over proceedings

(Newser) - There's a whiff of desperation in the air over tonight's vice presidential debate—and a hint of controversy, too. The desperation, of course, comes from the blue team, which is desperate to halt the momentum Mitt Romney gained in the first debate, and expects Joe Biden to be...

Entitlements Favor the Rich —Because They Live Longer

Peter Orszag: Social Security, Medicare formulas should be tweaked

(Newser) - Most people don't think of Social Security and Medicare as regressive programs that favor the well-off, but they are, former Obama budget director Peter Orszag argues in his Bloomberg column. Chalk it up to one simple reason: "Better-educated, higher-income Americans are living longer than everyone else." And...

OK, Obama, Romney: Stop Lying About the Budget
OK, Obama, Romney:
Stop Lying About the Budget
opinion
Oct 1, 2012 1:44 PM CDT

OK, Obama, Romney: Stop Lying About the Budget

Robert Samuelson argues that candidates should actually be honest

(Newser) - Truth may be the first casualty of war, but it's also in low supply on the campaign trail, writes Robert Samuelson in the Washington Post . The nut of the problem: "a yawning gap between the political rhetoric and the country's budget problems," he writes. "And...

Social Security Orders 174K Bullets

'Routine' buy fuels conspiracy theories

(Newser) - A routine purchase request from the Social Security Administration has caused a flood of conspiracy theories, reports AP . The agency posted a notice that it's buying 174,000 hollow-point bullets, causing some to believe that it was stockpiling ammo to put down civil unrest. A retired major-general at the...

Dear Politicians, You Forgot About Social Security

It's dumb to focus just on Medicare: Ramesh Ponnuru

(Newser) - Politicians from both sides keep harping about Medicare and how or how not to fix it, while Social Security has become an "afterthought," writes Ramesh Ponnuru at Bloomberg View . Big mistake, he argues. The program's long-range troubles may be smaller than Medicare's, but they're still...

Ryan&#39;s Plan Is a Deficit-Hiking &#39;Con Game&#39;
 Ryan's Plan Is a 
 Deficit-Hiking 
 'Con Game' 
paul krugman
Aug 20, 2012 12:05 PM CDT

Ryan's Plan Is a Deficit-Hiking 'Con Game'

Paul Krugman: He's 'style over substance'

(Newser) - Paul Ryan is a media darling: Pundits can't stop praising his "seriousness." But the truth is that "Ryanomics is and always has been a con game," scoffs Paul Krugman in the New York Times . Ryan claims to be a deficit-slasher, but let's crunch the...

Owe Student Loans? Your Social Security Might Be Cut

Feds taking up to 15% of some retirees' checks

(Newser) - If you're retired and owe student loans, your Social Security benefits might not be as big as you thought. More and more retirees who are in student loan default are seeing a chunk of their monthly Social Security checks being grabbed by the federal government. Since January, the feds...

Social Security in Worse Shape Than We Thought

Funds that feed it to run dry 3 years earlier, in 2033

(Newser) - If your outlook on Social Security is a dismal one, the government's latest revelation will only add to your gloom: The trust funds that feed Social Security will be exhausted in 2033, a full three years earlier than the last government estimate. Medicare is still set to die in...

7 Best Reasons to Retire Abroad

Retire cheaply and luxuriously in a new country

(Newser) - Who says you have to spend your golden years in the US? Stretch every retirement dollar you've saved by heading overseas. Here are the seven best reasons, courtesy of US News:
  • Live on the cheap: Get the most out of your retirement dollars by shipping out to inexpensive destinations
...

What Mitt Romney&#39;s Not Saying About Social Security
What Mitt Romney's Not Saying About Social Security
Gail Collins
Mar 1, 2012 12:30 PM CST

What Mitt Romney's Not Saying About Social Security

Gail Collins on the real way to fix the system

(Newser) - Mitt Romney recently gave a speech on Social Security, and no one noticed—people were distracted by all the empty seats. But Gail Collins was listening. "Romney has several ideas for Social Security, all involving cuts in benefits," she reports in the New York Times . Chief among them:...

More Unemployed Turn to Social Security Disability

Jobless apparently using fund as a last resort

(Newser) - The ranks of Americans collecting Social Security Disability Insurance payments have swelled dramatically in recent years, and that may be because more people are turning to the program when they can’t find work, the Wall Street Journal reports. Some 10.6 million Americans are now on the program, compared...

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