Protect Social Security Disability Insurance Without Cutting Benefits

The Social Security Disability Fund is a crucial part of Social Security that provides support to people with serious disabilities and medical conditions. In 2016, the fund will need to be replenished to continue protecting people with disabilities and their families at the same levels as in the past. Failure to act will result in a 20 percent cut in assistance for the disabled next year. 

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The Biggest Change to Social Security You've Never Heard About

There's been lots of debate and discussion lately about how to shore up Social Security for future generations. But already there are dramatic changes underway that threaten to end Social Security as we know it -- yet almost no one has even heard of it.

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The Veterans Affairs Scandal and Plans for Downsizing the Social Security Administration

The media have been rightly focusing their attention on the long waiting lists for veterans seeking medical care, and even worse, the Department of Veteran's Affairs cover-up. Unlike President Obama's birth certificate and the attack on the consulate at Benghazi, delaying or denying care to veterans is really a scandal.

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Platinum-Plated Pensions

In the current budget debate, the loudest calls for Social Security cuts are coming from two lobby groups led by CEOs who will never have to worry about their own retirement security.

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Report Shows Government Programs Reducing Poverty

On Sept. 6, the Census Bureau released its updated measure of the national supplementary poverty rate, revealing the poverty rate remains at 16 percent.

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Proposals to Cut Social Security Resurface

Proposals to cut earned Social Security benefits have resurfaced as politicians scramble to build a budget deal that could reopen the government and potentially avoid an economic disaster caused by a federal default.

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Could Social Security Cuts be closer than We Think?

Scissors Beat Paper

That's the question Brian Beutler over at Talking Points Memo raises this morning while reporting on the possibility of a bipartisan consensus on scaling back Social Security benefits materializing in Congress. Recognizing that such a proposal is usually "the third rail of American politics," Beutler lays out the not-impossible scenario of deficit-weary members of Congress sacrificing the relatively solvent entitlement program of Social Security before the alter of fiscal austerity.

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The CBO's Semi-Regular Social Security Update

The Congressional Budget Office (CBO) released its latest figures on the long-term finances of Social Security. 

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The President's Economic Summit

Last week, Bush convened a number of experts in Washington, D.C. for an Economic Summit to discuss budget and tax reform, social security, and the possibility of extending last term's tax cuts. A transcript of Bush's summit comments can be found here.

As an article in today's Washington Post points out, Bush may see significant opposition to some of his plans from Congress, academics, and economic experts and analysts. Many people have been recently vocal about some of the administration's proposed policy reforms. For example Alan S. Blinder, former Vice Chairman of the Federal Reserve and a Princeton economist, recently stated the following concerning Bush's social security policy: "Under these changes, Social Security would be neither social nor provide security. This would be a piece of a program to expose people to more and more risk…. There are millions of Americans who have no desire and no ability to gamble on the financial markets, and they shouldn't be pushed to."

The next few months should include a good deal of debate concerning issues such as tax and social security reform. To read more about the Economic Summit, click here.

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Will Privatization Increase SS Management Fees?

As Paul Krugman noted in the New York Times this morning, social security overhaul comes with a lot of risks. He points out other countries have dabbled in privatization and is baffled at the lack of understanding of their experiences. For example, in Chile's program, privatization has caused management fees to be as high as 20 precent, whereas in the United States currently, 99 percent of social security revenues go towards benefits. This is another pitfall of privitization that is not mentioned by the Bush administration. Krugman's column is worth a read.

Also, click here to read the latest Center on Budget and Policy Priorities report about price indexing and how Bush's reform proposal could significantly reduce benefits in the years to come.

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