Today on the Fiscal Slopes

By: Thursday November 15, 2012 3:55 pm

I don’t think this will be a regular feature, but here are a few things on everybody’s favorite cliff/slope metaphor that caught my eye at the end of the day: First of all, unions are so far following through on protecting social insurance against potential attacks from both parties: The American Federation Of State, County [...]

Social Security COLA Increase for 2013: 1.7%

By: Tuesday October 16, 2012 7:53 am

The COLA is calculated by a measurement of inflation, which has risen slowly over the past year. However, the inflation calculation used currently, the Consumer Price Index for Wage Earners or CPI-W, may not take in the rise in cost of living for seniors, which most strongly depends on rising health care costs (a separate measure, the Consumer Price Index for the Elderly or CPI-E, accounts for this much better).

Romney Has Been Consistent on Social Security: Raise Retirement Age, Progressive Price Indexing

By: Friday October 5, 2012 11:43 am

Mitt Romney explicitly called for an increase in the retirement age in a speech to the Detroit Econmic Club in February 2012, during his campaign for President. He also described “progressive price indexing,” another way to cut benefits. This was all a consistent part of Romney’s views on Social Security during the primary, and it [...]

Hoyer Backpedals on Raising Eligibility Ages

By: Friday March 9, 2012 8:15 am

Steny Hoyer, talking to reporters, categorically denied that he ever suggested an increase in age eligibility for federal benefits. But there is documented evidence to the contrary. Hoyer said in this roundtable with reporters: In a roundtable with reporters in his Capitol office, Hoyer said the group’s still a long way from achieving broad consensus, [...]

Clyburn: Raising Social Security Retirement Age “Not Shared Sacrifice”

By: Friday August 26, 2011 6:30 am

James Clyburn (D-SC), a member of the Catfood Commission II, rejected increasing the Social Security retirement age yesterday, calling it an idea devised by “people who work in air conditioned offices” and unnecessarily punitive to laborers. This is a reversal for Clyburn. Last year he joined Steny Hoyer in floating an increase in the retirement [...]

Romney’s Social Security Views More Dangerous Than His “Corporations Are People” Quip

By: Thursday August 11, 2011 10:55 am

This exchange between Mitt Romney and some liberal hecklers in Iowa is sure to get some notice over the next year-plus: ROMNEY: There’s various ways of [preserving Social Security and Medicare’s solvency]. One is we could raise taxes on people. AUDIENCE: Corporations! Corporations! ROMNEY: Corporations are people, my friend. AUDIENCE: No they’re not. ROMNEY: Of [...]

Joe Lieberman Wants to Increase Medicare Eligibility Age

By: Saturday June 11, 2011 8:32 am

This isn’t so much legislation as it is a wish list in op-ed form from a retiring, disliked Senator. But Joe Lieberman’s attack on Medicare is noteworthy, given the trajectory of his history with Medicare. I’m so old I can remember when Lieberman wanted to expand Medicare. It was in 2009. He endorsed at that [...]

Republican Governors Using Same Strategies for Budgets: Harming the Poor, Rewarding the Rich

By: Wednesday March 2, 2011 8:15 am

The best thing about this PCCC ad is how the one protester says that “these issues are not unique to the state of Wisconsin, these are national issues. Money is being taken away from workers, and tax breaks given to major corporations.” That’s certainly true. Wisconsin is a bellweather, but in no way unique. You’re [...]

White House Lists Principles for Social Security Reform

By: Monday February 14, 2011 10:46 am

The gasbags are making hay of the fact that the Obama 2012 budget doesn’t address what they refer to as entitlements. But that’s not entirely true. There are some health care-related cost savings in the budget proposal, though they are minor and go mainly toward paying for a fix in Medicare reimbursement rates. And there’s [...]

Hoyer Continues to Keep Retirement Age Increase “On the Table”

By: Wednesday February 9, 2011 11:51 am

Richard Shelby came out yesterday and said that we should raise the retirement age “every several years,” which is a great way to eliminate both Social Security and people who have to work into their 70s and 80s. I know that in Shelby’s mind we’re all days away from becoming cyborgs who can resist any [...]

Reid Opposes Retirement Age Increase

By: Wednesday February 2, 2011 1:46 pm

McJoan got an answer out of a Harry Reid aide about his commitment to fighting for Social Security. Yesterday, it was revealed that he told a gathering that “privatizing or eliminating Social Security” was off the table. That leaves quite a bit of wiggle room. What about increasing the retirement age, for example? “Senator Reid [...]

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