Category Archives: SSI

Payroll tax cut: What’s at stake

By doris | Published: December 1, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Come January, will 160 million American workers owe a) more than; b) less than; c) the same as they’ve been paying in payroll taxes this year? The answer will be revealed when lawmakers decide in the next few weeks if they will let a one-year payroll tax [...]

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Congress prepares for year-end spending and tax cut bazaar

By doris | Published: November 30, 2011

Full Story at NBCPolitics.msnbc.msn.com Over the next few weeks, Congress faces a sprawling mess of tax and spending decisions, with the likely outcome being an overstuffed pre-Christmas package held together with the legislative equivalent of wrapping tape. Complain if you will about congressional gridlock, but right before the holidays is often when the gridlock eases [...]

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Some see danger in changing Social Security’s funding

By doris | Published: October 18, 2011

Full Story at msnbc.com Another Social Security tax cut, intended to spark the sluggish economy, seems to be in the works. But the short-term boost for workers could create even more problems for a giant entitlement program already facing a long-term financing shortfall. The tax cut is a vital ingredient in President Barack Obama’s jobs [...]

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Obama to exclude Social Security from deficits plan

By doris | Published: September 16, 2011

Full Story at msnbc.com WASHINGTON — President Barack Obama will not include reforms to the Social Security retirement program in his deficits proposals to Congress next week, the White House said Thursday. Obama upset many fellow Democrats during this summer’s bitter negotiations with Republicans on raising the U.S. debt ceiling when he expressed a willingness [...]

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Social Security disability on verge of insolvency

By doris | Published: August 22, 2011

Full Story at msnbc.com WASHINGTON — Laid-off workers and aging baby boomers are flooding Social Security’s disability program with benefit claims, pushing the financially strapped system toward the brink of insolvency. Applications are up nearly 50 percent over a decade ago as people with disabilities lose their jobs and can’t find new ones in an [...]

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Aging of America is real enemy of GOP drive to cap spending

By doris | Published: July 22, 2011

Full Story at news.Yahoo.com With their vote this week to impose strict limits on future federal spending, House Republicans continued an argument not so much with Democrats as with demography. The real current they are seeking to reverse is not some ideological drive from President Obama to convert America into Sweden; it’s the inexorably rising [...]

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If no deal by Aug. 2, Obama can’t guarantee Social Security checks will go out

By doris | Published: July 12, 2011

Full Story at FirstRead.msnbc.comWhy are they using SSI to get what they want some people depend and that money every month just to live.  They need to give back what they so called borrowed from SSI. They are hurting people. and them in there new houses and cars. Some SSI people cant aford a new [...]

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How Social Security could change under debt deal

By doris | Published: July 8, 2011

Full Story atnews.Yahoo.com While the political jousting continues, President Obama and congressional Republicans are moving closer to a multi-tiered deal that would include changes in Social Security benefits, tax reform, increases in various user fees, and large-scale cuts in annual spending, according to numerous sources close to the negotiations. No agreement exists and both sides [...]

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AARP slammed for not fighting Social Security cuts

By doris | Published: June 17, 2011

Full Story at newsYahoo.com WASHINGTON – AARP, the powerful lobby for older Americans, was hammered Friday by fellow activists for refusing to oppose any and all cuts to Social Security benefits, a position the group says it has long held as a way to extend the life of the massive retirement and disability program. The [...]

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Obama flexes tax cutting muscle in face of GOP criticism

By doris | Published: June 10, 2011

Full Story at msnbc.com President Barack Obama and his aides are considering a temporary cut in the Social Security payroll tax — this time on the employers’ side. The potential new tax break would be on top of a $111 billion cut in workers’ payroll taxes that took effect in January. It’s a reminder that [...]

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Republicans suggest deal possible on healthcare

By doris | Published: May 23, 2011

Full Story at news.Yahoo.com WASHINGTON (Reuters) – Top congressional Republicans said on Sunday they would be open to a compromise on healthcare costs, one of the biggest stumbling blocks in a deal to get the United States’ debt under control. Representative Paul Ryan, the chairman of the House of Representatives Budget Committee, said he would [...]

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Social Security is safe in a federal shutdown

By doris | Published: February 24, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — What happens to Social Security if the government shuts down? “People don’t get their Social Security checks.” That was President Obama at a press conference last week. And this is Harry Reid, the top Democrat in the Senate, in a statement on Tuesday: “A shutdown could … [...]

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