‘Scrap the cap’ to keep Social Security fair

From the Everett Herald: The kids are all right. And so are their grandparents. Why? Because Social Security is there -- for all of us. And we can make that promise even better by making sure we all pay the same tax rate for the same guarantee. The Social Security Trustees report shows solid funding …

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Rep. Rick Larsen and Rep. Jim McDermott cosponsor bill to oppose chained CPI

The Chained CPI, which we've written about any number of times, is getting support from Congressional Republicans, President Obama, and even some Democrats. The chained CPI itself is a bit convoluted, but here's the quick and dirty: it's a backdoor benefit cut that will reduce Social Security benefits - and it gets worse as you …

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Social Security and Medicare Reports Little Changed from 2012

The projected shortfall in Medicare has fallen by almost 70 percent since 2008. The 2013 Social Security and Medicare Trustees’ reports were little changed from 2012. The Social Security Trustees report showed a slightly larger shortfall over its 75-year planning horizon, with the projected shortfall rising from 2.67 percent of payroll in the 2012 report …

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