Tag: social security

Retirement Theft in Four Despicable Steps

PAUL BUCHHEIT – The fear of running out of money in retirement is America’s greatest financial concern. It’s a fear greater than death. But the American workers who have paid all their lives for retirement security are being cheated by wealthy individuals and corporations who refuse to meet their tax obligations, and who have found other ways to keep expanding their wealth at the expense of the middle class.

Message from Sen. Merkley About Military Spending

JEFF MERKLEY – This letter is a reply from Sen. Jeff Merkley to PeaceWorker Editor Peter Bergel in response to Bergel’s request that Merkley support major cuts to the military budget during the upcoming “fiscal cliff” debate, rather than allow cuts to social security, medicare, or other remaining components of the safety net. Let’s hold Merkley to this encouraging approach.

Comparing the Social Security Shortfall and the Cost of the Bush Tax Cuts

KATHY RUFFING – Social Security’s trustees recently reported that — over the next 75 years — Social Security will have a shortfall of 2.67 percent of taxable payroll, or 1 percent of Gross Domestic Product (GDP). That is, raising taxes by an average of 1 percent of GDP could put Social Security on a sound footing over 75 years. How does that compare with the stakes involved with extending President Bush’s tax cuts?

The Meagerness of the Republican Debates, the Smallness of the President’s Solutions, and the Need for a Progessive Alternative

ROBERT REICH – Republicans are debating again tomorrow night. And once again, Americans will hear the standard regressive litany: government is bad, Medicare and Medicaid should be cut, “Obamacare” is killing the economy, undocumented immigrants are taking our jobs, the military should get more money, taxes should be lowered on corporations and the rich, and regulations should be gutted.

Poll: Health Care, Social Security Rated as Top Budget Priorities

BY ANGUS REID PUBLIC OPINION – As a new Congress prepares to take office in January, Americans believe that Health Care and Social Security should account for a large proportion of the country’s next budget, a new Angus Reid Public Opinion poll has found. Health Care (9.9%) and Social Security (9.9%) were the two main priorities for Americans, followed by Labor (8.4%) and Education and Training (8.4%).

PeaceWorker Comments on Social Security Article

PETER BERGEL — For decades, beginning during the Vietnam War, our elected leaders have tried to mask the size of the national debt they have permitted to accumulate by “borrowing” the surplus from the Social Security Trust Fund. This was done without consulting the public in any way, and largely without public knowledge, even though this money was set aside from all workers’ paychecks in an insurance program guaranteed to provide funds for them in their old age. To be precise, the government purchased U.S. T-bonds with our insurance money.

Beltway Bulletin

BRIEFING REPORTS ON: 1) Federal Debt vs. the Current Deficit; 2) Social Security; 3) The Federal Debt; 4) Obama’s Energy and Global Warming Plans; and 5) Tethered Wind – Emerging but Ignored by the Feds.