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July 25, 2008 12:59:09 PM CDT

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Stories related to: Social Security

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  • July 2008

    • Social Security Reform Dicey for McCain

      newser  |  Los Angeles Times  |  Jul 14, 08 11:26 AM CDT

      Social Security Reform Dicey for McCain

      John McCain has opened a political can of worms by embracing the polarizing issue of privatizing social security, the Los Angeles Times reports. McCain says making young workers pay into a plan unlikely to benefit them is a "disgrace." Counters a rep for one group planning to fight the GOP candidate: "This could well be McCain's Achilles' heel with … the baby boomer generation." More »

      Tags

      John McCain  • election 2008  • election  • McCain 2008  • Social Security  • privatization

    • Social Security Divides Candidates

      newser  |  Washington Post  |  Jul 8, 08 10:29 AM CDT

      Social Security Divides Candidates

      John McCain and Barack Obama are pitching profoundly different approaches to saving Social Security, the Washington Post reports. While McCain favors a mix of strategies including raising the retirement age, reducing increases in benefits, and introducing private savings accounts, Obama intends to bolster the program with higher taxes on upper-income workers. More »

      Tags

      Barack Obama  • John McCain  • election 2008  • Social Security

    • McCain Vows to Balance the Budget

      newser  |  Politico  |  Jul 7, 08 1:44 PM CDT

      McCain Vows to Balance the Budget

      John McCain will pledge to balance the budget by the end of his first term, Politico reports, promising spending and entitlement programs, including Social Security, in a policy paper released today. McCain is renewing a promise he’d backed off from in April—a vow likely to excite his fellow Republicans, but already drawing Democrat derision. More »

      Tags

      John McCain  • economy  • McCain 2008  • Social Security  • Medicare  • budget  • spending  • entitlement programs  • balanced budget

  • June 2008

    • Millions Skip Filing for Stimulus

      newser  |  CNN  |  Jun 20, 08 9:53 AM CDT

      Millions Skip Filing for Stimulus

      Roughly 5 million people who qualify for a stimulus check could be out of luck because they haven't filed a tax return, CNN reports, and the IRS is scrambling to let them know. These un-stimulated masses consist mostly of seniors and veterans who don’t normally file returns. “I think there are some natural barriers to getting some folks to want to file a return again,” one IRS employee theorized. More »

      Tags

      Social Security  • IRS  • senior citizens  • economic stimulus  • stimulus package  • stimulus response

  • May 2008
  • March 2008

    • Social Security, Medicare Woes Unchanged

      newser  |  CQPolitics  |  Mar 25, 08 5:15 PM CDT

      Social Security, Medicare Woes Unchanged

      Social Security and Medicare still face financial problems down the road, but the situation became no worse last year, trustees for the programs said today. The trustees predict that Social Security will become insolvent in 2041, Medicare in 2019. True to form, Republicans sounded alarms about the issue while Democrats pointed to bigger near-term problems, CQ Politics reports. More »

      Tags

      Henry Paulson  • Social Security  • Medicare  • Social Security trustees

    • McCain Outlines More Specific Fiscal Stance

      newser  |  Wall Street Journal  |  Mar 3, 08 12:45 PM CST

      McCain Outlines More Specific Fiscal Stance

      How would John McCain run the economy, really? In an interview with the Wall Street Journal , the candidate tried to answer that question, positioning himself as a fiscally responsible defender of the Bush tax cuts. But the candidate’s tax proposals don’t quite add up, the Journal notes, and he contradicted his own website’s statements on Social Security. More »

      Tags

      John McCain  • US economy  • McCain 2008  • Social Security  • tax cuts  • budget deficit  • economic plans  • domestic policy  • balanced budget

    • Government Typos 'Kill' Thousands

      newser  |  MSNBC  |  Mar 1, 08 9:08 AM CST

      Government Typos 'Kill' Thousands

      It's not easy being dead—just ask Laura Todd. The Tennessee woman is one of an estimated 12,000 people a year the government declares dead—often because of a typo in the Social Security database—when they're still very much alive, MSNBC reports. The error can create a financial mess and is just shy of impossible to correct. More »

      Tags

      death  • Social Security  • government  • Medicaid  • database  • bureaucracy  • red tape

  • February 2008

    • Bush Legacy of Debt May Stymie Successor

      newser  |  Wall Street Journal  |  Feb 1, 08 8:54 AM CST

      Bush Legacy of Debt May Stymie Successor

      The next president may inherit a US government so deeply in debt it could lose its Triple-A credit rating for the first time since Moody's Investors Service began grading securities 90 years ago, warns the Wall Street Journal . The White House is preparing to unveil a record $3 trillion budget request with a $400 billion deficit, which would saddle President Bush's successor with massive debt at a time when the nation will be struggling with soaring costs for Social Security, Medicare, and Medicaid. More »

      Tags

      George W. Bush  • Social Security  • Medicare  • tax cuts  • budget deficit  • Bush legacy  • federal spending  • Triple-A credit rating

  • January 2008

    • Realism Trumps Boldness in Bush Address

      newser  |  Washington Post  |  Jan 29, 08 6:56 AM CST

      Realism Trumps Boldness in Bush Address

      In his last State of the Union address President Bush dispensed with the grand narratives and far-reaching proposals of previous years, contenting himself to repackaging earlier projects, the Washington Post observes. Gone was the boldness—even defiance—of transforming the Social Security system or overhauling immigration law; instead, last night he prodded Congress to act quickly on the $150 billion economic stimulus package and focused on "small-bore" requests like giving military spouses hiring preferences. More »

      Tags

      George W. Bush  • Social Security  • State of the Union Address

    • US to You: $600 Check's in Mail

      newser  |  CNN  |  Jan 24, 08 10:39 AM CST

      US to You: $600 Check's in Mail

      Congress today announced an economic stimulus package that would put a $600 check in every American taxpayer's mailbox by early summer, sources tell CNN, and a likely $300 per child. The refunds are "there to strengthen the middle class, to create jobs and to turn this economy around," said Nancy Pelosi in announcing the deal this afternoon. More »

      Tags

      Congress  • recession  • unemployment  • Social Security  • economic stimulus package  • economic stimulus  • tax breaks

    • First Boomer, First Check

      newser  |  AARP The Magazine  |  Jan 18, 08 2:06 PM CST

      First Boomer, First Check

      The first Baby Boomer will collect her—and her generation's—first Social Security check next month, and she can expect a lot of attention, reports AARP The Magazine. Kathleen Casey-Kirschling was born at 12:00:01 on January 1, 1946, and her big move spotlights the way her generation will both redefine retirement and squeeze Social Security to the limit. More »

      Tags

      retirement  • Social Security  • baby boomer  • Kathleen Casey Kirschling

    • Social Security Debit Cards in the Works

      newser  |  Wall Street Journal  |  Jan 4, 08 2:05 PM CST

      Social Security Debit Cards in the Works

      A new Social Security debit card, intended to replace paper checks for the millions of seniors who don’t have bank accounts, will be available by this spring, the Treasury Department said today. It's the latest phase in a shift from fraud-prone paper payments to safer, cheaper electronic ones, the Wall Street Journal reports. A paper check costs the government 89 cents; an electronic payment costs 9. More »

      Tags

      Social Security  • Treasury Department

  • November 2007

    • Marriage and State Should Get a Divorce

      newser  |  New York Times  |  Nov 26, 07 8:44 PM CST

      Marriage and State Should Get a Divorce

      Modern love has snubbed its nose at the state, writes Stephanie Coontz in an op ed piece in the New York Times , with 40% of US children now from unmarried parents. So it's time for the law to follow suit, and get out of the marrying business. Marriage licenses—a relatively recent phenomenon, historically—are about conferring "spousal" legal benefits, and those should go along with committed relationships, without regard to marital status.  More »

      Tags

      marriage  • Social Security  • marriage rights  • benefits

    • Clinton Strikes Back at Rivals

      newser  |  Associated Press  |  Nov 15, 07 8:41 PM CST

      Clinton Strikes Back at Rivals

      Hillary Clinton accused her main Democratic rivals of twisting her words and slinging mud during a testy debate in Las Vegas tonight. "When somebody starts throwing mud, at least we can hope it's accurate and not right out of the Republican playbook," she said at one point. Barack Obama and John Edwards, meanwhile, continued to complain that Clinton switches positions regularly and avoids straight answers. More »

      Tags

      Barack Obama  • Hillary Clinton  • election 2008  • Democrats  • John Edwards  • Social Security

    • Gen Xers Aren't Saving for Retirement

      newser  |  MSNBC  |  Nov 10, 07 7:42 AM CST

      Gen Xers Aren't Saving for Retirement

      Aging Gen Xers are too saddled with costs and debt to save for retirement, MSNBC reports. In fact, 62% of Gen Xers—those born roughly from 1965 to 1980—said they still live paycheck to paycheck, according to a Charles Schwab survey. And they’re headed for trouble: The fund that helps back Social Security will likely be drained by 2040, when many Gen Xers retire.  More »

      Tags

      education  • mortgage  • retirement  • Social Security  • debt  • Generation X  • savings

  • October 2007

    • Social Security's 2.3% Hike Most Stingy Since '04

      newser  |  Associated Press  |  Oct 17, 07 1:50 PM CDT

      Social Security's 2.3% Hike Most Stingy Since '04

      Social Security benefits will rise 2.3% in 2008—or an average of $24 monthly—netting the 54 million recipients their smallest increase in four years. The cost of living adjustment, now $1,079 per month for the average retiree, is based on the third-quarter change in consumer prices, the AP reports; advocates for the elderly argue that gauge is too limited. More »

      Tags

      elderly  • Social Security  • Medicare  • retirees

    • First Boomer Applies for Social Security

      newser  |  Bloomberg  |  Oct 15, 07 5:06 PM CDT

      First Boomer Applies for Social Security

      The baby boom elephant moved a little further along the demographic boa constrictor today when the first boomer applied for Social Security benefits. Kathleen Casey-Kirschling, born at 12:00:01 a.m. on January 1, 1946, is a retired teacher and, a balanced-budget activist tells Bloomberg, "the first drop of rain in the flood." More »

      Tags

      Social Security  • baby boomer  • Kathleen Casey Kirschling

    • Judge Blocks Crackdown on Immigrant Workers

      newser  |  Los Angeles Times  |  Oct 11, 07 4:12 AM CDT

      Judge Blocks Crackdown on Immigrant Workers

      In a major blow to the Bush Administration, a federal judge has blocked a controversial program to find illegal immigrants in the workplace by tracking discrepancies in their Social Security data. A US district judge ruled the crackdown by the Department of Homeland Security would "subject employers to greater compliance costs and employees to an increased risk of termination," the Los Angeles Times reports. More »

      Tags

      Department of Homeland Security  • illegal immigrant  • Social Security  • AFL CIO  • Chamber of Commerce

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