Page 4 - Social Security Programs News Today

Demographics mean that theres more and more pressure being placed on financing our medicare, medicaid and social security programs. so at a time when the recovery is still gaining steam and unemployment is still very high, the solution should be pretty apparent. and that is, even as we continue to make investments in growth today, for example, putting some of our construction workers back to work, rebuilding schools and roads and bridges or helping states to rehire teachers at a time when school...

will supposedly be paid for by closing loopholes and eliminating wasteful deductions. but the republicans refuse to list a single tax loophole they are willing to close. not one. and by the way, there is no way to get even close to $4.6 trillion in savings without dramatically reducing all kinds of tax breaks that go to middle class families. tax breaks for health care, tax breaks for retirement, tax breaks for homeownership. meanwhile these proposed tax breaks would come on top of mor...

Debt. thats not accurate. it actually is -- since 1983 its added to the debt. explain that, please. >> the deficit is the issue. the deficit is a cash flow basis. cash flow in, cash flow out. social security has been in a negative cash flow position since 2010. it is therefore adding to the deficit. its true. it has about $2.7 trillion in bonds. those bonds are backed by the full, faith, and credit of the united states government. guess what, the federal government doesnt want to count it as a l...

He gets a lot of credit for citing obscure, historical examples. "the new york times" story where they marvelled over his northwest ordinance. if you spend time reading a lot of right ring history, particularly christian right wing pseudohistory, this is a staple. what seems to masquerade as staples. you hear the same thing when he is talking about chile and chiles social security programs, people say, oh, he must be incredibly well-versed. chile is the go-to right wing example for their kind of...

In, the co-chairman of president obamas debt commission are offering a grim assessment of the nations fiscal future. speaking at a closed door meeting at the national governors association in boston this weekend, republican alan simpson and erskine bowles. bobles said, quote. simpson said the spending is consumed by the medicare and social security programs and added the rest of the federal government including fighting two wars and homeland security and you name it, veterans, the whole rest of ...

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