Hawaii’s Democratic Senate primary win for Sen. Brian Schatz sends an important signal to candidates nationwide about the huge role Social Security can and will play in their Congressional re-election bids. From the chained CPI to the Bowles-Simpson amendment, many centrist “new Democrats” like Hawaii’s Rep. Colleen Hanabusa, have quietly cast votes for proposals designed to cut benefits to millions of retirees, people with disabilities and their families, while at the same time promising to protect benefits back home.
In Rep. Hanabusa’s case, there were clear differences between her and opponent Sen. Brian Schatz on Social Security. While Schatz supports boosting benefits and co-sponsors legislation to do that, Rep. Hanabusa voted in support of the Bowles-Simpson amendment to HR 444 which advocated for Social Security benefits cuts, raising the retirement age and deficit reduction through 75% in cuts an only 25% in revenue. The Bowles-Simpson plan would be disastrou ...
Each year we mark Social Security’s anniversary in a different way. But ultimately the goal is always the same...to remind us all how vital America’s most successful program is to millions of families.
“As we celebrate Social Security’s 79th anniversary today, it’s important to acknowledge the program’s vital role in protecting both current and future generations of Americans. Social Security has made a profound improvement in the economic security of millions of families, especially during these tough economic times. For too many Americans, personal savings have been difficult to accumulate because middle class wages have remained stagnant for three decades. More than half of all workers have no retirement plans at work and millions more have no retirement savings.
It’s time Washington addresses our nation’s retirement deficit and its potentially devastating impact on the lives of working class families. This economic recession has clearl ...
Medicare Means Healthier Lives for Millions of Americans
“In the hyper-partisan, budget-slashing environment that drives our Washington debate these days, the impact that Medicare has on the lives of average American families is often overlooked. The truth is Medicare saves lives and money. Without Medicare many more seniors would be impoverished, sicker and dependent on others, including federal, state and local governments. A healthy nation depends on a healthy populace, physically and fiscally. Medicare helps us to achieve the American dream of a stable and independent retirement after working a lifetime to help build the nation’s economy. As we celebrate Medicare’s anniversary, we should pledge to preserve that dream for the future.”...Max Richtman, NCPSSM President/CEO
Medicare – Then and Now
Before the enactment of Medicare, one-half of older Americans were uninsured and one-third were living in poverty. Today, with access to health ca ...
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 ...
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