Wednesday January 1, 2014, 12:43 am
Ever since Social Security passed under FDR, Republicans have been trying to change it. For them it’s a painful thing to see the money folks have paid in over the years returned to the beneficiaries. Republicans want it to become a vehicle to transfer that wealth from the beneficiaries to billionaires and corporate criminals. Here is an article from a wonderful progressive. I’ll say who at the end.
Wednesday January 1, 2014, 6:59 am
Good for Senator Warren and all the other intelligent people supporting her and her allies – it is only common sense one might have thought – if people are well fed and well housed they are healthier and happier and that can only benefit the country too in so many ways. One might have hoped that even the Right Wing might have worked that out – but no, hatred rules their lives and ever will it seems.
Wednesday January 1, 2014, 7:27 am
Life on social security is quite confining - and scary. Scrap the cap would be good - expanding social security even better. It'd be so nice to visit the grocery store and not thing about the costs...
Wednesday January 1, 2014, 8:01 am
The 2008 crash wiped out the majority of retirement savings for baby boomers who had been sold the fantasy that 401Ks and IRAs were the answer to a secure income for retirement when it was really about transferring wealth to Wall Street and the top 10%--leaving Social Security even more important to that generation's ability to survive in retirement. So glad we have Warren to speak to those realities with the stellar credentials that make others listen rather than dismiss her voice.
Wednesday January 1, 2014, 9:19 am
“Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes that you can do these things. Among them are a few Texas oil millionaires, and an occasional politician or businessman from other areas. Their number is negligible and they are stupid.” —Dwight Eisenhower, U.S. Pres., REPUBLICAN
Wednesday January 1, 2014, 10:25 am
Instead of using any kind of general inflation index for Social Security, there ought to be a special index based on the kinds of things seniors are most likely to need - housing, food, health care and the like. The current index could almost have been designed to kill seniors and the disabled. Chained CPI would have been even worse.
On the other side, Scrap the Cap is not only necessary but fair.
I cannot agree with means testing, which is inappropriate for an EARNED benefit and would only lead to resentment and fraud. Yes, it's necessary for unearned benefits, although it's probably more expensive than the fraud it is designed to prevent.
Wednesday January 1, 2014, 10:52 am
Alternet: Good article on Social Security facts by Ms. Warren. Personally, I can't live on my SS check every month, nor can my spouse. A lot of folks who WANT to retire, CAN'T afford to retire. I signed link by Ben (thanks), and thanks, Tom for the post.
Wednesday January 1, 2014, 1:25 pm
Elizabeth Warren is a phenomenon. I can't wait to see what she does in 2014!
There is no way I could live on my SS check but I worked since I was a young teen. My dad had to take me downtown to get my SS # when I got my first job at 15 at the concession stand at the local baseball stadium and at 16 at the mall. I have worked hard ever since. Always had a fultime job and also worked up to 3 parttime jobs at the same time! I paid dearly for my SS benefit and I would love to see it expanded. How ingenious to turn the tables on the Tea Party by instead of defending SS, actually working to EXPAND it!
Wednesday January 1, 2014, 1:32 pm
Scrap the Cap! I also think it would be safer for workers to dump pensions & make Employers pay in the extra to Social Security so that the worker would get larger Social Security checks at retirement. Too many companies are dropping Employer paid pensions & health Insurance. Obamacare supposedly will force them to pay healthcare again (I wouldn't hold my breath though). But what about pensions that keep your money if you become disabled before retirement age, or pensions that disappear in the stock market or just plain fraud like Enron? I don't have a pension plan, my husband's plan was supposedly 1 credit short of vetting when he became disabled. But thousands of workers don't live to draw their pensions – especially in the building trades. Illinois never actually funded it's public employees' pension plans! So I think the employer (even States or Feds) should be forced to pay in matching Social Security for all workers!
Wednesday January 1, 2014, 2:06 pm
Warren is a force to be reckoned with so no wonder the "right" is always saying she's wrong. What a dream come true it would be for people who struggle to live on only SS. Of course, scrap the cap should be the first order of business after reinstating unemployment benefits. Thankfully the Bush idea of scraping SS and putting that money into individual hands to manage didn't pan out. Much to the dismay of the corporations who were all too willing to use hard earned money for their outrageous life styles.
Wednesday January 1, 2014, 6:28 pm
How about "Ever since the New Deal" became a reality, the conservatives have been on a crusade to destroy it.
They have, sadly, done quite well in their efforts, and Social Security has been next on their list. Getting rid of the cap is really important. Getting Warren into the White House would be phenomenal!
Thursday January 2, 2014, 9:47 am
Great comments and many express what I feel. The disabled and Elders are barely surviving on the Social Security let alone cutting it back. Too few low income housing is available to the disabled and Elders now with the cutbacks to those programs that offered help there. The Food Stamps is being cut back and then the talk to also cut back the income too is amoral.
Maybe if one has a million dollars in the bank, investments properties, stocks, bonds, and a big pension too they can live with the small Social Security check, but I'd like to see them do it solely on their Social Security that has seen either no raise or little raises like the 1.5% and the 1.7% plus the less one is receiving to begin with the less that raise is.
Thanks Ben for the petition I sign all I can find on this cause.
Thursday January 2, 2014, 8:03 pm
Thanks Tom for another great post and the link to the article by Ms. Warren who really knows what she believes in. Read and noted. Thank Ben for sharing the link. Signed!