Category Archives: Social Security

Who pays if Social Security cap is lifted? Not many taxpayers

By doris | Published: October 10, 2011

Full Story at LifeInc.today.com One of the proposals for keeping Social Security afloat is to simply ask for more money. It turns out, not that many taxpayers would have to pay up. A new analysis from the Center for Economic and Policy Research finds that less than 6 percent of workers would be affected if [...]

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Seniors: We need our Social Security!

By doris | Published: July 31, 2011

Full Story at money.cnn.comSocial Security was not to be touched by the government and take money out of it. They say they borrowed from it,but they never paid it back. If they had it would not be in the shape it is in now. Why do they take from the people that really need it. [...]

Also posted in Budget, Congress, Debt, Economy, Financial, Government, Money, President, Rant | Leave a comment

Social Security and Medicare to run short sooner than expected

By doris | Published: May 13, 2011

Full Story atmoney.cnn.com Put the money back that you took out of it and there will be enough in there now.  Borrow money from some where else. Don’t let SS go broke it is our money you are playing with. NEW YORK (CNNMoney) — Social Security and Medicare — the country’s two biggest entitlement programs [...]

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Baby boomers near 65 with retirements in jeopardy

By doris | Published: December 27, 2010

Full Story at msnbc.com CHICAGO — Through a combination of procrastination and bad timing, many baby boomers are facing a personal finance disaster just as they’re hoping to retire. Starting in January, more than 10,000 baby boomers a day will turn 65, a pattern that will continue for the next 19 years. The boomers, who [...]

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House to vote on bonus Social Security payment

By doris | Published: October 15, 2010

Full Story at msnbc.com WASHINGTON — The House will vote in November to provide $250 payments to Social Security recipients to make up for the lack of a cost-of-living increase for next year, House Speaker Nancy Pelosi said Thursday. The Social Security Administration is expected to announce Friday that more than 58 million retirees and [...]

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Jobs crisis extends to unemployed, lawmakers

By doris | Published: October 10, 2010

Full Story at news.Yahoo.com WASHINGTON – There’s no relief from the jobs crisis — for everyday Americans or lawmakers facing the midterm elections. The most rampant layoffs of teachers and other local government workers in nearly three decades more than offset weak hiring in the private sector in September, resulting in a net loss of [...]

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Social Security: No 2011 increase expected

By doris | Published: October 6, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — Chances are high that for the second year in a row Social Security beneficiaries will see no increase in their benefit checks. The official word won’t come until mid-October when the Social Security Administration announces whether there will be a cost-of-living adjustment (COLA) for 2011. But those [...]

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States face another $12 billion budget shortfall

By doris | Published: July 27, 2010

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — States filled an $84 billion gap to balance their 2011 fiscal year budgets, which took effect earlier this month. But they could collectively face a new $12 billion hole if Congress fails to help cover growing Medicaid costs. Without another injection of government money for Medicaid, four states [...]

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Obama wants $250 for seniors

By doris | Published: October 15, 2009

Full Story atmoney.cnn.com NEW YORK (CNNMoney.com) — President Obama is calling on Congress to send another $250 relief payment to 57 million seniors and other Americans to stem the economic strain. Congress approved $250 emergency payments as part of the $787 billion economic recovery act that lawmakers passed in February. “Even as we seek to [...]

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What you need to know about Social Security

By doris | Published: September 17, 2009

Full Story atmoney.cnn.com (Money Magazine) — You’ve probably spent a lot of time sweating over your 401(k) and IRA. But have you given much thought to the way Social Security will fit into your retirement plans? You should. In fact, Social Security provides 50% of the income for more than half of married retired couples [...]

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Hidden pockets of elderly said to be in poverty

By doris | Published: September 7, 2009

Full Story at msnbc.com WASHINGTON – The poverty rate among older Americans could be nearly twice as high as the traditional 10 percent level, according to a revision of a half-century-old formula for calculating medical costs and geographic variations in the cost of living. The National Academy of Science’s formula, which is gaining credibility with [...]

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Recession hits Social Security hard

By doris | Published: May 13, 2009

Full Story At money.cnn.com NEW YORK (CNNMoney.com) — The recession has taken its toll on Social Security. The officials who oversee the program forecast Tuesday that the Social Security trust fund will be exhausted by 2037 — four years earlier than estimated last year. The trust fund reflects a $2.4 trillion surplus paid into Social [...]

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