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  • The Economist — Disability insurance: Not working
    Posted in Social Security Watch on January 23, 2015 | Preview rr
    Tags: Social Security, Full Committee

    Disability insurance: Not working The Economist, January 23, 2015 For years, Doug, who lives in Binghamton, New York, suffered from bipolar disorder. In 2003 he enrolled in the federal disability insurance (DI) programme. With his illness now properly treated, he has been looking for work since 2013, without much luck. Because he worked full-time in a shop a decade ago, he would lose his disability benefits if he returned to full-time work now. He worries that he couldn’t handle it, and would en... Read more

  • FACT: Chained CPI Would Result In a Larger COLA Increase for 2014
    Posted in Social Security Watch on November 4, 2013 | Preview rr
    Tags: Social Security, Full Committee

    MYTH: “Chained CPI would cut the 2014 Social Security cost-of-living increase of 1.5 percent to 1.2 percent.” - Robert Romasco, president of AARP FACT: If the more accurate chained CPI was used to determine the 2014 cost of living increase, seniors would see a 1.7 percent increase as opposed to this year’s increase of 1.5 percent. What does a 1.7 percent increase mean? On average, that is an extra $21.60 each month for seniors to use on groceries, bills and medicine. Initial* estimate for the th... Read more

  • A Guide to the 2013 Social Security Trustees Report By Charles Blahous
    Posted in Social Security Watch on June 7, 2013 | Preview rr
    Tags: Social Security, Full Committee

    The Social Security and Medicare trustees released our annual reports last Friday, May 31. These reports set forth the state of program finances as required under the Social Security Act. There are six trustees; four of them (the Secretaries of Treasury, HHS and Labor as well as the Social Security Commissioner) serve by virtue of their government offices. The other two, of which am I one, are members of the public nominated by the President and confirmed by the US Senate. I have adopted the cu... Read more

  • Lew’s Conflicting Statements on Chained CPI – an Example of What's Wrong in Washington
    Posted in Social Security Watch on April 18, 2013 | Preview rr
    Tags: Social Security, Full Committee

    Included in the President’s budget proposal was a change to the way Social Security measures inflation – moving from the current measure to the chained Consumer Price Index. As Treasury Secretary Lew stated during his testimony before the Ways and Means Committee on the President’s budget, “The Chained CPI is a more accurate measure of inflation in that it does a better job of reflecting the substitution of goods in response to relative price changes.” Additionally, he noted that this provision ... Read more