Under growing pressure to reduce the federal deficit, the prospect of major Social Security and Medicare cuts is the greatest it’s been in almost three decades. The recent debt limit deal calls for a bipartisan committe ...
Daily Archives: September 26, 2011
COLA Cuts “Easy Money”?
With deficit reduction negotiations running into the federal debt limit deadline, cost-of-living adjustment (COLA) cuts remain on a short list of dwindling options for Congressional leaders and the White House. With ...
Does The Social Security COLA Overpay Seniors? Deficit Cutters Say COLAs Need A “Trim”
Alexandria, VA (June 14, 2011) Cost-of-living-adjustments (COLAs) are "overpaying" Social Security recipients, and the government needs to switch to an "improved" method of measuring inflation that will give them a "smal ...
President’s Fiscal Commission Is Making The Case For Backdoor COLA Cuts
By Mary Johnson Your cost-of-living adjustment (COLA) “overpays” you. Yes, that is an outrageous statement — especially since you haven’t gotten a COLA boost for two years. Nevertheless, calling it “The Moment of Trut ...
Legislative Update: Retirement Age
By Mike Watson, TSCL Legislative Assistant, One of the options to address Social Security that appears to have widespread support is increasing the Social Security retirement age. Raising the age at which people would ...
Growth In Seniors Filing For Bankruptcy Outpaces Younger Americans
There’s been a remarkable increase in the number of bankruptcy petitions filed by seniors, age 50 and older, in recent years. And older filers are beginning to represent a larger percentage of those filing for bankruptc ...
Tighten Your Belts! Prices Hurtling Skyward
Housing, gasoline, food, healthcare — you name it, costs are taking some of the biggest jumps in years. In virtually every category, prices are on the way up at the very same time seniors are least prepared to handle th ...
Deficit Gets Worse, Social Security Cuts Get Attention
For most retirees the average Social Security benefit of $1,100 is their main source of income. But the sluggish economy has made the federal budget deficit, including that of Social Security, balloon more rapidly than ...
Congressional Corner: By Representative Ted Deutch
Representing South Florida in Congress, I regularly hold town meetings with retirees. Inevitably, the first question from the crowd is one I often ask myself, “Why are folks in Washington lying about Social Security?” ...
Social Security Disability Close To Insolvency
An intense battle over Social Security is brewing and TSCL is gearing up for major Congressional action. Recently retired Federal Reserve Chairman Alan Greenspan waded back into the fray to tell Congress “Our choices ri ...
Close