Poll: Social Security Cuts Would Deeply Harm Electoral Fortunes of Obama, Democrats

By: Thursday January 20, 2011 7:50 am

Another section not covered in the NBC poll featuring a surge of support for President Obama is Social Security. We know pretty well that the President is hashing out some kind of response to Republicans on deficit reduction for the State of the Union. Again, with this poll resurgence he probably feels a bit pleased [...]

Unintended Consequences: Raising Retirement Age Could Cause Spike in Disability Payments

By: Friday November 19, 2010 6:33 am

The purpose of raising the retirement age, we’re told, is to increase cat food sales save money and put Social Security on a path to long-term solvency. But the bean-counting geniuses Erskine Bowles and Alan Simpson didn’t take one thing into account: it could actually cost more to the system if people go on disability [...]

Why the Bowles-Simpson Social Security Recommendations Aren’t Adequate

By: Monday November 15, 2010 9:04 am

Peter Orszag writes about the Bowles-Simpson recommendations on Social Security, and generally finds them amenable. I don’t know why this should come as a surprise – they basically take a similar form as his Diamond-Orszag recommendations, with a mixture of benefit cuts and payroll tax increases to arrive at long-term solvency. Orszag rightly notes that [...]

Democrats and Allies Continue to Make Social Security a Campaign Issue

By: Tuesday October 26, 2010 10:00 am

The Alliance for Retired Americans have placed ads in six key districts across the country, attacking what they describe as Republican plans to raise the retirement age for Social Security benefits. There’s a residual benefit to this as well – it’s a warning shot against Democrats who would like to do the same. The spot [...]

Everything You Know About the French Retirement Controversy Is Wrong – If You Read the Papers

By: Monday October 25, 2010 9:24 am

Steven Hill is reporting from France for the Washington Monthly, and he relays a simple fact that almost all other reporting on the proposed increase in the retirement age has missed: The media has been reporting that the French are protesting the increase of their retirement age from 60 to 62, but this is only [...]

Chief Actuary of Social Security: Republican Plan Would Slash Benefits

By: Thursday October 21, 2010 9:47 am

Speaker Pelosi pointed to three studies showing that the plan for Social Security preferred by Republicans – both privatization and progressive price indexing, a feature that the deficit commission has reportedly toyed with – would slash benefits for middle-income retirees. The Joint Economic Committee, chaired by Rep. Carolyn Maloney (D-NY), took on both privatization and [...]

Pelosi Against Social Security Cuts, Retirement Age Increase

By: Wednesday October 6, 2010 12:10 pm

An interesting report from Ryan Grim: Nancy Pelosi will be prepared to beat back a run on Social Security or Medicare if the deficit commission recommends cuts to the popular entitlement program following the November election. The House Speaker deliberately avoided appointing House chairmen with jurisdiction over Social Security and Medicare to President Obama’s commission, [...]

102 House Democrats Opposing Cuts to Social Security

By: Wednesday September 29, 2010 12:55 pm

The Cat Food Commission actually deigned to hold a public meeting today, and Terry O’Neill, the President of NOW, handed co-chair Alan Simpson a bag full of baby bottle nipples to symbolize Simpson’s “Social Security is a milk cow with 310 million tits” comment. The ensuing discussion was interesting, as Simpson clearly didn’t want to [...]

Sestak Opposes Any Benefit Cuts to Social Security

By: Thursday September 16, 2010 9:36 am

Joe Sestak is in a tough race in Pennsylvania for US Senate, with the Club for Growth’s Pat Toomey, a former derivatives trader, in a small but measurable lead. Lately Sestak has been going after Toomey’s extreme positions, particularly his idea to privatize Social Security. Sestak has held press events and rallies with seniors contrasting [...]

The Hardship of Retiring Later

By: Monday September 13, 2010 9:12 am

The New York Times does the great service of actually looking at the consequences of raising the retirement age for a significant number of Americans: At the Cooper Tire plant in Findlay, Ohio, Jack Hartley, who is 58, works a 12-hour shift assembling tires: pulling piles of rubber and lining over a drum, cutting the [...]

Democrats Edge Closer to Rhetorical Box Canyon on Social Security

By: Tuesday August 31, 2010 10:39 am

House Democrats, led by Speaker Nancy Pelosi, are directly attacking Republican proposals not only to privatize but to cut Social Security benefits, which could prove extremely problematic after the results of the deficit commission get released in November. The Speaker’s office pointed to a new book from “Young Gun” Republicans Kevin McCarthy, Paul Ryan and [...]

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