Budget
« Previous EntriesDebt, Deficits, Social Security and More…
Monday, March 1st, 2010If you generally skip by budget or economic headlines in favor of something more easily comprehendible, we suggest today you make an exception. Here are excerpts from three articles which together provide must-read perspectives on our debt/deficits, Social Security and Medicare. Saul Friedman, Grey Matters columnist, takes former Senator and Debt Commission co-chairman, Alan Simpson, to task [...]
Budget Breakdown for Seniors
Monday, February 1st, 2010Policy analysts all over town are pouring over the President’s budget searching for answers about funding levels for their issues and programs. What’s up, what down? The President summed up the budget challenges this morning… Of course, seniors want to know about Social Security and Medicare. Here is what the White House has [...]
This Picture is Truly Worth a $Billion Words
Wednesday, January 13th, 2010We’ve written a lot this New Year about the Peterson Foundation’s billion dollar campaign to persuade Americans that we can’t afford Social Security and Medicare…especially the organization’s ongoing efforts to persuade Congress to create a commission targeting these programs for cuts. A Senate vote on the commission proposal is expected anytime after they return, January 20.th [...]
Social Security & Medicare…So Much More than Line Items in a Budget
Thursday, October 8th, 2009Just ask Esther Lenette or Gerry Johnston. They came to Capitol Hill recently to offer some straight talk to members of Congress and the media about the vital roles Social Security and Medicare fill for retirees especially during this economic recession. Esther is 91 years old; she still drives and lives independently in Montgomery County, [...]
CUT SOCIAL SECURITY, PRIVATIZE MEDICARE…GOP PLAN FOR OUR FUTURE
Thursday, April 2nd, 2009House Republicans, led by Congressman Paul Ryan, released their budget proposal yesterday…yes, on April Fool’s day. Unfortunately, this plan was not offered in jest. And it’s potential affects on America’s seniors and their families is no joke. The GOP plan would cut Social Security. This proposal would means test Social Security, turning a social insurance [...]
The Recession Won’t Bankrupt Social Security
Wednesday, April 1st, 2009Let’s start off by stating the obvious…unless you’re an economist or policy analyst, the details of Social Security’s funding mechanisms, trust fund operations (OASI & DI) and projection methodology for both, are far beyond what the average American knows (or even cares to know) about the program. Unfortunately, this is exactly why it’s so easy [...]
Budget Blueprint and Seniors
Thursday, February 26th, 2009President Obama’s Budget is now available online. There was a good bit of early discussion this morning based on background briefings provided by the White House last night. ABC had an early summary of the Medicare related provisions included in the HHS portion of the budget. The 10 year savings (detailed in Summary Table S-6) are: $8.1 billion [...]
Obama Address and Economic Recovery
Wednesday, February 25th, 2009Watching the President tonight, I couldn’t help but think about the millions of Americans who were also watching and hoping to hear something, anything which will calm their fears about the economic crisis they are living each day. This is especially true for America’s seniors living on fixed incomes, who’ve seen their retirement savings evaporate, [...]
Healthcare Reform = Entitlement Reform
Monday, February 23rd, 2009National Committee President/CEO, Barbara Kennelly, participated in today’s Financial Responsibility Summit and was a member of the Social Security group. Here is her reaction to today’s event: “We support President Obama’s promise to return fiscal responsibility to our federal budget and we also agree that our nation’s biggest long-term fiscal challenge is health care [...]
Stimulus Compromise, Seniors, and Social Security
Thursday, February 12th, 2009At $789 billion, the Economic Recovery compromise bill is actually less expensive than either the House or Senate’s original versions; however, funding for the Social Security Administration and stimulus for seniors survived the trimming. The Associated Press has a summary of key details. Following are some highlights affecting America’s seniors: One-time payments to seniors, disabled [...]
« Previous Entries