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Social Security
How a Government Shutdown Would Affect Americans
By not in system - AOL NewsYou'd still get your mail -- and your usual Social Security payment. But troops' pay might be delayed, and you'd have to put off that spring break trip to a national park. How government services would or wouldn't be affected if there's a partial shutdown Friday at midnight: • Benefit payments: Social Security payments would continue, and applications would still be processed. Unemployment benefits would still go out. Medicare would still pay claims for recipients, but payments to doctors and hospitals could be delayed if the shutdown were prolonged. • Mail: Deliveries as ...
Medicare Rise Could Mean No Social Security Cost of Living Adjustment
By not in system - AOL NewsWASHINGTON - Millions of retired and disabled people in the United States had better brace for another year with no increase in Social Security payments. The government is projecting a slight cost-of-living adjustment for Social Security benefits next year, the first increase since 2009. But for most beneficiaries, rising Medicare premiums threaten to wipe out any increase in payments, leaving them without a raise for a third straight year. About 45 million people - one in seven in the country - receive both Medicare and Social Security. By law, beneficiaries have their Medicare Part B ...
Sarah Palin's Triple Whammy: Chris Christie, Barack Obama and Bill O'Reilly
By Suzi Parker - Politics DailyIn front of an Alaskan backdrop of mountains and a lake, Sarah Palin had a busy, busy night on television Friday. She found time to tweak a fellow Republican, dismiss the president, and scold a top-rated Fox News talk show host. Palin opened by questioning New Jersey Gov. Chris Christie's toughness and attacking President Barack Obama for naivete. After that, she preached about cutting various government programs to Bill O'Reilly before advising him not to interrupt her. All in a night's work. On America's Nightly Scoreboard, host David Asman informed Palin that Christie had told Fox ...
The Deficit Dog That Didn't Bark: Raising the Retirement Age
By Robert W. Stock - AOL News"You're going to have to raise the retirement age for Social Security," New Jersey Gov. Chris Christie proclaimed in a recent speech to the American Enterprise Institute. "Oh, I just said it and I still am standing here. I did not vaporize into the carpet and I said it." When the report of President Barack Obama's deficit commission emerged last year, one of its major cost-cutting suggestions was just that: an increase in the age for receiving full Social Security benefits to 69 by 2075. Yet in all of the furious deficit debate in Washington of late, the late-retirement proposal so far been a ...
Opinion: Empty Words from Both Sides on the Debt
By not in system - AOL NewsLast month the Congressional Budget Office reported that Social Security had begun running permanent budget deficits. Medicare is facing future budget shortfalls larger than the entire budgets of most countries. In response to this looming crisis, President Barack Obama's 2012 budget proposes to ... talk about it. This gave Republicans an opportunity to seize control of the agenda and demonstrate that their new-found commitment to fiscal discipline was more than simple hostility to Planned Parenthood or the Corporation for Public Broadcasting. Given this chance, Republicans chose to ... ...
The Obama-Christie Contrast: Doing 'Big Things' Their Own Way
By Jill Lawrence - Politics DailyBack-to-back appearances this week by President Barack Obama and New Jersey Gov. Chris Christie put a fascinating spotlight on two opposite styles of leadership. Christie is the self-styled bull crashing through the china shop. Obama is the deliberative shopper who threads his way through the narrow aisles and tries to keep breakage to a minimum. In their manner and appearance, the pair could not be more of a contrast. Christie, a former prosecutor, is large and blunt, with "a little Jersey attitude," as Henry Olsen, vice president of the American Enterprise Institute, put it Wednesday. ...
Obama: Medicare, Social Security Demand Compromise
By not in system - AOL NewsWASHINGTON -- Defending his new budget as one of "tough choices," President Barack Obama said Tuesday that more difficult decisions about the nation's biggest expenses - Medicare, Medicaid and Social Security - will have to be tackled by Democrats and Republicans acting together, not by White House dictates. "This is not a matter of, 'you go first, I go first,'" he said. "It's a matter of everybody having a serious conversation about where we want to go and then ultimately getting in that boat at the same time so it doesn't tip over." The president pitched his $3.73 trillion budget as a ...
Opinion: Health Reform Will Survive in the Courts
By Ian Millhiser - AOL NewsAs America struggled to emerge from the Great Depression, President Franklin Roosevelt threw his reputation behind a sweeping new safety net for seniors called Social Security -- and the courts quickly rebelled. The law was unprecedented, wrote U.S. Court of Appeals Judge Scott Wilson. Worse, said Wilson, it seizes power that rightfully belongs to the states and lodges it with big-government reformers in Washington. If Social Security is allowed to stand, Wilson concluded in his opinion declaring it unconstitutional, there will be no limits to what Congress can force people to do. Just over ...
Opinion: Houston, We Have a Spending Problem
By John Merline - AOL NewsIn his State of the Union speech on Tuesday, President Barack Obama said that a key to "winning the future" is to "make sure we aren't buried under a mountain of debt." "Mountain" doesn't really do justice to how much debt the country has piled up. Right now the federal debt tops $14 trillion. To get a sense of how huge that number is, consider this: If you were to make a stack of 14 trillion $1 bills, it would make two round trips to the moon. The day after the speech, the Congressional Budget Office made it clear in a new report why this mountain exists. In a word: spending. As the chart ...
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