The Kaiser Family Foundation has prepared a new state-by-state snapshot of poverty among seniors which is a must-read for Washington politicians who might buy into the claim by some, like the Heritage Foundation, that Social Security benefits are "excessive". According to Heritage:
"Adopting the chained CPI (Consumer Price Index) in Social Security to more accurately account for changes in the cost of living is a small first step toward fixing a broken program that is currently accelerating its own demise by paying excess benefits."
The AARP Bulletin has the terrific summary of the Kaiser Senior Poverty report and what it means if Washington cuts Social Security benefits by adopting the Chained CPI.
Is Poverty Among Older Americans Undercounted?
Posted on 05/24/2013 by Tamara Lytle
Poverty levels are much higher for older Americans when you factor in how much they need to spend on health care, the Census Bureau has found.
Factoring in health care costs c ...
Ivy Ngo
Southeast Asia Resource Action Center (SEARAC)
Ivy also blogs for the Diverse Elders Coalition
Reflections on Social Security from a Young Person
Social Security is so often thought of as a program for the elderly and those who are retired. But as a young person who hopes to be able to retire one day, I am struck by the broad impact of the program to reach nearly every American at every age, every income level, able-bodied as well as differently-abled. More than 6.5 million American children receive family income from Social Security. Specifically, more than 1 million children are kept out of poverty from Social Security benefits. And, unfortunately, a 20-year-old worker has a 3 in 10 chance of becoming disabled before reaching the normal retirement age, making Social Security Disability Income an important asset.
Much of the negative press around Social Security has accused the program of running out of money, paying out poor returns, and being an overall poor investment. In actuality, ...
The Congressional Budget Office’s new budget projections show that despite the sky-is-falling crisis calls made by Wall Street backed austerity fanatics like: Fix The Debt, Bowles-Simpson and the rest of the Pete Peterson funded anti-Social Security brigade, our deficit is now the smallest it's been since 2008. And that’s without the so-called “Grand Bargain” this billion dollar lobby claims is absolutely necessary for our nation’s survival. The Daily Intelligencer explains:
It's hard not to see the CBO's projections as the latest in a long series of demoralizing developments for the Simpson-Bowles-led deficit scold movement. Overall, the CBO says that barring unforeseen policy changes, the deficit will shrink to 2.1 percent of GDP in 2015. That's better than the 2.3 percent target Simpson and Bowles originally set out in their 2010 report. And it will happen even without the grand bargain they've so desperately sought.
Neither is the federal debt pilin ...
The month of May is designated as Asian American Heritage Month. In honor of Asian American Pacific Islander heritage, this blog is from Bao Lor at the Southeast Asia Resource Action Center. This post is also posted to the Diverse Elders Coalition blog here.
Life Lessons from a Hmong Grandfather to His Granddaughter
The following is a guest post from SEARAC’s Bao Lor.
“Wake up, kids! It’s 6:30!” my grandpa said as he pulled off the blanket that covered my head. I moved around, pretending to stretch and then curling back into a ball. Through my squinted eyes, I could see that my siblings were still lying next to me. I popped my head up and looked at the alarm clock across the room. It read: 6:10. This was my daily routine growing up. I grew up with my grandparents taking care of me and my siblings since my parents were always so busy working. For as long as I can remember, my grandpa was always the one taking me and my siblings to school every morning, and picking ...
Contrary to the headlines and soundbites coming from America’s newsrooms, Social Security and Medicare aren’t to blame for our nation’s fiscal woes or our deficit. In fact, without these vital programs our economy would be in even worse shape and millions more American families would be threatened with economic insecurity. Why do so many journalists and news/talk-show hosts ignore the facts in favor of one-sided propaganda? Why won’t they allow all sides to weigh in on these important issues? Whatever the reasons, the National Committee to Preserve Social Security and Medicare believes the public deserves more balanced research and discussion. The truth about our nation’s most successful and revered programs deserves EQUAL TIME.
Our new project, EQUAL TIME, will bust through the myths and misleading statements in the news about Social Security and Medicare. We will find and correct the factual errors and politically charged perspectives. We’ll use ...
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