Page 6 - Social Security Program News Today

President james hoffa did send a letter to congress warning that the law would destroy the 40-hour workweek. but in recent weeks, unions have remained silent. i want to bring in lee saunders, president of the american federation of state, county and municipal employees. always good to see you, lee. good morning. >> good morning. >> where do you stand on obama care? >> we support obama care 100%. we know there will be some kinks that have to be worked out but you have to expect that. you had kink...

Sign of i guess solidarity against the government. the effects of not having health care can be catastrophic. >> freedom works should be paying for the millions who will not have health care when they need it. but it is -- freedom works is not that far off from the tea party caucus in the congress. this is governing by sabotage. savage sabotage and i think that is what the sort of political equivalent of the temper tantrum people are doing. this is not the way congress is supposed to work. now w...

Luckily, the voters in mcconnells home state of kentucky are not buying it. 51% support the harken-begich plan to increase social security benefits to adjust for inflation. >> thats a retirement. people paid into it. and they deserve to be paid back the money they put into it that ensures they have longevity in the social security program. >> every since we passed social security, wall street has been trying to get its hands on this money. no mistake about it. >> republicans want us to sacrifice...

One of them is this. >> our changing demographics put a strain on our social security system. more young workers paying into the social security him in will ease that. >> we have this huge amount of money that is going to be coming into the social security program and coming into the medicare program, which candidly helps people in this nation because it makes those programs more solvent. >> neil: it sounds good on paper. right? until you actually take a pencil to paper and do the math. does tha...

That the social security tax on your paycheck go directly and exclusively to paying social security benefits. the second is that the benefit paid to a worker is based on what the worker has paid into the system. franklin roosevelt said in a private meeting, we put those payroll contributions there so as to give the contributors a legal, moral and political right to collect their pensions and their unemployment benefits. with those taxes in there, no damn politician can ever scrap my social secur...

Straddled over this huge gap. when i talk about social insurance, ill saying, why in the world cannot we means test social security? because there are millions of affluent retirees that have large asset bases or large bank accounts or pensions or annuity thats shouldnt be getting money that we cant afford out of a social security program and system thats broke any way. there is no money in that trust fund. it is just confessy. that is just one of the many myths and illusioneds that keeps congres...

To squeeze out of the medicare and medicaid as well as a social security program. andrea, were not even done phasing in the last change to social security and fully implementing age 67 from the last -- the last reforms, and, look, every year that you delay the eligibility, and president obama has already said that medicare -- an increase in the medicare eligibility sage off the table. we have to deal with savings we know elizabeth directly impact benefits. if you saw the daily life of so many of...

Rein them in. the president doesnt seem willing to do that. is that your reading of the presidents policy on social security? >> i dont read what he is willing or unwilling to do im talking about the mathematics of it. the numbers -- wont be a social security if the income of social security doesnt match the expenditure for the social security program. thats mathematics. >> seems like politics gets in the way. the president wants to essentially raise taxes on the rich. he wants to cut spending b...

Social security program. or medicare, same deal. who is 70 years old today who will say i dont want medicare? i only paid into it for the last 50 years. theres an argument these programs become popular. where are the republicans wrong in that theyre saying now and cuccinellis version of the truth? >> well, first of all, people, as you just said, pay into those programs. they pay in all their working lives. secondly, the idea of a social safety net in this country that helps the elderly, that hel...

State as he runs for virginia, number one. number two, i dont think thats -- that sentiment or that idea is reflective of the party as a whole. but there is a legitimate point to be made about, i think, underneath that argument is how these programs function. i have been paying into the system since i was 14 years old and got my first job. i dont expect to reap the benefit of all the dollars that i have put into the system -- >> which programs are you talking about you wont benefit from? >> the ...