Hold the Rhetoric, Pass the Truth on the 2014 Trustees Report
“This year’s projections come as no surprise to anyone who understands how Social Security and Medicare work. In fact, historically, the solvency date for the Social Security Trust Fund has fluctuated from a depletion date as distant as 2048 in the 1988 report to as soon as 2029 predicted in 1994 and 1997. On Medicare, each year since passage of the Affordable Care Act, the Trustees have reported the program’s improving solvency, this year adding an additional four years until 2030. We should build on that success and continue reducing the high cost of health care system-wide, not just in Medicare.
This year’s Trustees reports prove, once again, how successful and stable Social Security and Medicare continue to be for the American people and the federal government.”... Max Richtman, NCPSSM President/CEO
Here are some of the key points in the 2014 Trustees Report:
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If you had any doubt about just how stark the differences are between the Republican and Democratic approach to fixing our economy, these dueling letters between Treasury Secretary Jack Lew and GOP Senator Orrin Hatch should clear that up for you quickly. At issue is the idea of “economic patriotism.”
First, some background...
There’s currently a loophole in our tax code that allows American companies to dodge paying taxes by renouncing their corporate citizenship, leaving operations here but claiming an overseas address. This legal tax dodge costs our nation billions of dollars each year.
“The practice has become known as “inversion.” But what it really amounts to is desertion. And it could cost Americans tens of billions of dollars. There are 47 firms in the last decade that have exploited this loophole, according to new data compiled by the nonpartisan Congressional Research Service. But it’s a hot topic again because at least a doz ...
“There is a quiet, covert war being waged on Social Security. The tactic? Divide and conquer. Today, detractors try to use Social Security Disability Insurance as a back door to cut the program as a whole. And, we will organize and fight back against today’s attacks aimed at some of the most vulnerable Americans: the disabled.” Sen. Sherrod Brown (D-OH)
Divide and conquer politics is certainly nothing new in Washington. From Ronald Reagan’s mythological nation of “welfare queens” to Alan Simpson’s “greedy geezer” myth of hordes of seniors driving Lexus’ to their gated communities – politicians love to create villains, even if the facts simply don’t back up the political spin.
"It hangs together as a good story because it's consistent with people's perception of the real world," says Craig R. Smith, who was a speechwriter for former President Gerald Ford and a consulting writer with President George H.W. Bush. " ...
While the headlines today will likely focus on the Supreme Court’s Hobby Lobby decision, seniors should also be paying close attention to the first ruling issued by the Court this morning. Today’s Supreme Court ruling in Harris v. Quinn could have devastating effects on America’s home health system by driving down already low wages and reducing the basic rights of workers in one of our nation’s fastest growing job sectors – home health services.
There are nearly 2 million home health care providers in the United States, and as our nation ages it is expected that more than 5 million providers will be needed in the next five years. Even though these workers are vital to our economy, providing services that allow seniors and people with disabilities to live at home and avoid the costs of institutionalization, these workers are usually paid poverty-level wages with no benefits.
“America needs a stable, qualified home care workforce to meet the growing need for home c ...
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