Preserving and strengthening Social Security for Washington State
There's no two ways about it: the Chained CPI is a backdoor cut to Social Security benefits. It has also drawn the ire of many groups, including the Veterans of Foreign Wars (VFW), for it's slashing of benefits for disabled Americans, survivors, and veterans. Now, AARP has released a calculator that allows people currently collecting Social …
Continue reading How much would the Chained CPI cut your benefits?
A column from USA Today, by economist Duncan Black: Recent and near-retirees, the first major cohort of the 401(k) era, do not have nearly enough in retirement savings to even come close to maintaining their current lifestyles. We need an across the board increase in Social Security retirement benefits of 20% or more. We need it …
From the Washington Post: Seventy-three years ago today, the first Social Security checks went out to beneficiaries. The anniversary comes at a difficult time for the program. It narrowly escaped a cut floated by the Obama administration in the fiscal cliff negotiations that would have reduced cost-of-living increases going forward. While it’s not in danger anytime soon, …
Continue reading Americans want to raise payroll taxes and Social Security benefits
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