Earl Pomeroy (D-ND), the chair of the Social Security Subcommittee on the House Ways and Means Committee, said that any benefit cuts to the program, including raising the retirement age, are “completely unacceptable” and should be taken off the table, contrasting many Democrats and even the House Majority Leader on the topic.
While Pomeroy followed the lead of many House Democrats and confined his attacks to the GOP on the subject, his critique of “an atmosphere of benefit cuts first” rebukes the likes of Steny Hoyer and James Clyburn, members of the House leadership who have floated the prospect of raising the retirement age to bring the program into long-term actuarial balance (Even by doing nothing, Social Security can pay out all scheduled benefits through 2037, and pay 78% of all benefits forever after that).
“Even a phased-in adjustment in the age would change the terms of the deal,” Pomeroy said, noting that the retirement age is already scheduled to rise gradually to 67, as part of the terms of a 1983 deal on the program. “We think that benefit cuts are not the place you look at. There has been an atmosphere of benefit cuts first. There should not be benefit cuts period,” he added. “That is completely unacceptable… it would be a breach of faith with 53 million present SS recipients and tens of millions to follow.”
Pomeroy cited statistics that just 11% of all senior citizens are in poverty now, compared to 50% prior to Social Security, which celebrates its 75th anniversary on Saturday. Noting that the average benefit comes out to about $14,000 a year, Pomeroy and his colleagues on the call, Rep. Jan Schakowsky (D-IL) and Rep. Ron Klein (D-FL) repeatedly rejected any calls for benefit cuts. Schakowsky said that revenue enhancements, like bringing the payroll tax cap back to its expected level of capturing 90% of all compensation, would be preferable. The trio also rejected any talk of privatization with personal accounts in the stock market. “How much risk do you want to add into this system that pays $14,000 a year,” Pomeroy asked. “We need one place where income is completely dependable.”
Klein agreed. “My seniors are adamant against benefit cuts. They feel like they paid into it. For many, this is their sole basis of income day to day. It’s not something I’m willing to negotiate on.”
In addition to fighting cuts to the program, Pomeroy has introduced the Senior’s Protection Act, which would provide a $250 one-time benefit to recipients next year if the Bureau of Labor Statistics fails to enact a cost-of-living adjustment. 2009 saw no COLA because of falling prices, and there was a $250 benefit added to the Recovery Act. Pomeroy said he expected his bill to pass the House in September.
Asked about the deficit commission (the reporter actually called it the “cat food commission”) on which she sits, Schakowsky said firmly that “Social Security has absolutely nothing to do with the deficit. In fact, the deficit would be $2.4T worse without Social Security,” because of the money raided from the Social Security Trust Fund. She acknowledged that some on the committee wanted to cut benefits, but she was seeking other options and would reject any use of Social Security to pay down the deficit.
A new poll out today shows that the public opposes any benefit cuts to the program. This is consistent with the findings of these three Representatives as they talk to constituents in their districts. When the Washington Post talks about “deniers” that Social Security needs reform, in the name of cutting benefits, they’re talking about the overwhelming majority of the population.




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Aha! A sternly worded statement!
On edit: And $250.
sanity
it finally rained hallelujah
ot
Osama Bin Laden’s former cook and driver has been sentenced to 14 years in prison by a Guantanamo Bay military tribunal.
Read more: http://www.bbc.co.uk/news/world-us-canada-10947708
too bad they passed on Bush family friend Osama
A sternly worded letter is bold leadership on the part of Democrats anymore. I don’t buy the 0 inflation bull either. If our leaders ever went to the grocery store or looked out the window while their chauffeur driven limo was being filled up they would know the inflation statistics are wrong.
“Y’know what we mean, Earl?”
Yep. Earl does. :o)
Please folks don’t let your guard down.This guy is a Corporatist…and we have seen how this scenario played out during the Health Care debate.
This guy is a trojan horse…suddenly he will be supporting social security cuts after he has lulled you into sleep.
I support Earl.
You can, too.
He’s facing a tough campaign this year. The steady public servants who keep trying to make this country work, instead of showboating ideology, are worth supporting. And re-electing.
Disclaimer: Earl is a fellow North Dakotan I’m proud to call cherished friend.
The problem is that the CPI (Consumer Price Index) includes stuff like commodities values and housing starts and a bunch of other crap. Since the real estate market was in the tank, along with the stock market, the bank bailouts were in full swing, and so on, the nutbags at the Fed calculated that there was actually NEGATIVE inflation for 2009. But of course they knew that they would not be able to REDUCE the social security checks so they settled for a 0% COLA.
Of course, a $14,000 per year income means that most of the stuff that dragged the CPI down doesn’t affect those individuals. However, rising food prices (even if they didn’t go up as much as they were predicting – they still went up) the price of electricity and natural gas for lights and heat, gasoline for your car, medical care, prescriptions, etc., created a situation where that $14,000 in real terms got reduced anyway.
All those fat cats on the catfood commission should try living on this income for a year. It can be done – I’m doing it. But they should be forced to do it as well.
And I agree with Rep Pomeroy – a raise in the retirement age IS a benefit cut. While a lot of people (mostly white and white collar workers) are healthy and live longer than average, even more people working blue collar jobs (you know – hard physical labor type jobs) are not. These people don’t need to be forced to continue to work for another 5 years so the fat cats can keep their hundreds of thousands of dollars tax free.
RAISE THE CAP!
That would fix the problem. Easy. Period.
McGarth, thanks. We’ll watch him. :o)
That may be. But for the time being he’s saying the right things.
We need to learn to “reward” our politicos when they say and do things we want.
For instance, in my state legislature there is a guy from the next district over. I’d say he’d be right at home in the tea party right now. But last year, he proposed a bill to fund group homes for troubled kids – we don’t have one in our entire state – so that the kids could remain closer to their families and stuff. I wrote him a really nice letter thanking him for this.
Rewards help our politicos to do the right thing – positive reinforcement. So when someone is doing the right thing – they need praise for this one thing – not criticism of somethinig that happened in the past – or for something they have not done yet in the future.
From Pomeroy’s lips to Obama’s elbow. In other words, Oboover ‘ain’t listening.
Yes. That’s the solution…no cap. ALL income should be taxed. When my hubby reached the 120,000.00 mark (or whatever it is) and he was no longer taxed for SS, we both thought it was great. But had the taxes just kept coming out through the whole year…..it would have made NO difference in our lifestyle…..not in what we ate, medical care availability, or anything else. Folks who make 120,000.00/yr and more, aren’t even going to notice they continue to be taxes after the 1st yr or two. They’ll just forget about it, and it won’t effect their lifestyle in any way at all.
Why the hell should someone making 40,000.00/yr be taxed on all their income, but someone make 400,000.00 not???????? There is tremendous income disparity in this country, and this is one way to help close the gap.
Steny Hoyer and James Clyburn are a definite buy. Sucky Quislings get promoted. Sell Earl Pomeroy. O’RhamBama has orders to cut Social Security and and he has control of the Peoples House.
From BIS.gov the CPI does not care about the market in commodities (except as to cost of gas for the car or oil for heat for the home, etc.) or stocks -
a basket of Food is costed out with a split between Food at home and Food away from home, then other categories of interest are Energy (Energy commodities like
Gasoline (all types) and Fuel oil and Energy services and Electricity and utility (piped) gas service) plus New vehicles plus Used cars and trucks plus Apparel plus
Medical care commodities plus Shelter plus Transportation services plus Medical care services. A massive amount of detail for individual items with shoppers reports from all over the country are pulled together to get to the current months number.
Not that important but I did not want anyone to think that the price of oil or of stocks on the various Exchange has any effect on the calculation.
Meanwhile I do not understand the limitation on the remove the cap idea – why only cover 90% of all income – why not 100% of all income.
But a GOP win in 2010 – or even getting close so that with the blue dogs they are a majority, means with corporate president Obama the old folks will get screwed – unless there are enough Dems to actually filibuster . But I suspect filibuster is only permitted on social safety net items if it is the GOP doing the filibustering – Dems do not have the backbone.
They sure do say the right things, don’t they? Especially now, just months away from an election. I for one don’t believe a word out of anyone’s mouth. Till I see results everything they say is bullshit.
Frankly, I think we’re better off with a Thug president because a Thug would not succeed in cutting SS like Obama’s poised to do.
In case you missed it, take a mmoment to read behind the scenes gymnastics that took place with Obama’s boys who were fighting for the banks, and the Dems who made sure the recent financial reform legislation is just toothless crap. I am beyond discusted.
http://www.rollingstone.com/politics/news/17390/188551
Backstabbing liars. And Schumer, well he deserves special recognition on this one.
This is why the dems will lose big in November.
1) Social security is a tax/redistribution plan. You “pay into it” means you pay your taxes. Then the gov’t gives those taxes to old people. It is not a savings plan. If it were you could go look up your account and see where your money is invested. Any day, Congres can cut the benefits, which means it is NOT a savings plan. Get over it. The amount you “paid in” were taxes. Period.
2) If you want to keep this system sustainable it has to cut benefits or raise taxes or both. Cutting benefits makes sense. Raise the retirement age, means test the darn thing and change the cost of living index used.
3) Giving everyone $250 just for being old is retarded.
I’ll be so glad when the dumb dumbs proposing merde like this have to get real jobs.
Hey, that’s about my income. The only reason I’m not out on the street is that my home is paid for. An aside: the best way to save money is to never leave the house.
The Republicans are missing a major point: without enough SS to live on, more people rely on state handouts like food stamps and financial assistance. The money supposedly saved by cuts just ends up being passed elsewhere. If you think the states are in trouble now, just wait until 40 million more people (old, disabled, widowed, orphaned) need help. On the other hand, maybe it’s part of their diabolic strategy.
Poppycock.
Old people, demographically, are the wealthiest group in the country. Stop trying to solve problem from 50 years ago.
Sure, some NEED social security. Fine. But to increase/not cut for the whole pie since a small portion NEED more, is ridiculous.
All these people better be there over Christmas break when Pelosi has scheduled the Up or down vote.
If there are only rightwingers/blue dogs in the chamber that day we’ll be screwed to the wall.
And she knew this when she did it.
The thing about the cap is really infuriating as the middle class has been forced to pay for the retirement of the rich for so many years. $90,000! give me a break!
And, of course, congress got their COLA because the gov uses different actuarial tables for the SS recipients. they don’t figure in the things you actually need to live, like food, energy, clothing etc. Razzle Dazzle.
They’re not in poverty because of SS, before which 50% of seniors lived below the poverty line. You did read the article, didn’t you?
Another couple questions for you:
Do you believe that SS has anything to do with the national budget deficit?
Why do you think it’s a better fix to decrease benefits than to simply tax the income-all the income-of the rich?
Do you know what treasury bonds and sovereign default are?
yes i read the article. it doesn’t say anything about 50% of senior below the poverty level. Besides, that was decades ago.
Sure SS has something to do with the budget defict. So?
I made not comment about spending versus taxing. But if you want me to, ok. it’s better to cut spending than raise taxes.
As a matter of fact, I do know what a treasury bond is and i know what soverign default risk is as well. Thanks for asking. But what’s your point?