Some of the Media Bungle Social Security Trustees Report
It’d be swell if more of the mainstream media would accurately report the financial status of Social Security. Unfortunately, much of the coverage is influenced by conservative propaganda rather than actual facts. Predictably, much of the reporting on the recently released Social Security trustees report is less journalistic than histrionic and simplistic, as a quick review of the headlines reveals:
Hopes that Senate Would Mitigate Medicaid & SNAP Cuts Have Been Dashed
Many who analyzed the reconciliation bill narrowly approved by the House of Representatives in a 215-214 vote on May 22nd hoped that the U.S. Senate would temper unaffordable tax cuts for the wealthy — and avoid slashing Medicaid and SNAP. Those hopes have been dashed by Senate Republicans on the Finance and Agriculture Committees, who propose to end Medicaid and SNAP as we know them – as lifelines for millions of Americans across the country who need reliable access to basic health care and food to survive.
Trump/DOGE Actions Fuel Surge in Social Security Claims
More Americans are suddenly filing for Social Security earlier than planned --- and it isn’t necessarily because they’re eager to retire. Interference in the Social Security system by Trump, Musk and DOGE has triggered a wave of public panic about the future of the program. For many, it’s created a sense of urgency to claim benefits before any other harmful changes are made. According to CBS News, early Social Security claims have surged by 17% this year compared to the same period in 2024. If this trend continues, annual filings are on track to reach 4 million. This spike comes amid the slashing of workforce and resources at the Social Security Administration under the guise of hunting for ‘waste and fraud.’
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Would a Government Shutdown Affect Social Security and Medicare?
First, the good news. Even if the government shuts down at the end of this week because of House Republican intransigence, Social Security benefits will continue to be paid and customer service for retirees should not get significantly worse. Now, the bad news. The impending shutdown is symptomatic of a disorder in Congress that seniors should care about: MAGA hardliners once again gumming up the works of a government which best serves the public when operating smoothly, without needless disruptions.
House GOP Spending Proposal Would Slash Social Security Administration Funding
We don’t know exactly what the impact of any cut will be on SSA, but we do know they have already requested an increase of $727 million above current funding, as a minimum, for FY 2024. Without this level of funding, they will be forced to reduce staffing and overtime, which will hurt the agency’s ability to serve the public. Without that minimum level of funding, SSA’s customers will wait significantly longer for field office services, disability decisions, and phone support, and their already significant backlogs would increase.
It’s Time to Repeal WEP & GPO, Says NCPSSM & National Task Force
NCPSSM participated in an event on the Capitol Grounds Wednesday to call for the repeal of the Windfall Elimination Provision (WEP) and Government Pension Offset( GPO), which prevent millions of public employees and their families from collecting full Social Security benefits. The event was organized by the National WEP/GPO Repeal Task Force --- a coalition of advocates representing public sector workers.
NCPSSM To Participate in Harkin Social Security Symposium in DC
The National Committee to Preserve Social Security and Medicare will participate in a special Social Security symposium hosted by former U.S. Senator Tom Harkin and the Harkin Institute of Drake University. Featuring NCPSSM President Max Richtman and other prominent leaders from the national advocacy community.
NCPSSM At White House for Release of First Ten Drugs for Medicare Price Negotiation
Tuesday was an historic day in the effort to lower prescription drug prices for seniors. The Biden administration has released the names of the 10 life-saving drugs that will be subject --- for the first time ever --- to price negotiation between Medicare and Big Pharma. They are some of the most common and most expensive prescription medications that seniors take. These essential medications do everything from preventing blood clots and strokes to treating diabetes, and they will soon cost a lot less for the federal government and for patients.
FDR’S Grandson Says This Is a ‘High Stakes Time’ For Social Security
Social Security — which turned 88 years old this month — is one of my grandfather’s greatest legacies. It’s no exaggeration to say that this is a high stakes time for his landmark program. Powerful opponents of Social Security are calling for privatization, cutting the annual COLA, raising the retirement age, and even “sunsetting” the program.