Monthly Archives: January 2011

Rep. Michele Bachmann Criticized Over Proposed Veterans Benefits Cuts

Rep. Michelle Bachmann came under fire for her proposal to save the budget. The Minnesota Republican congresswoman outlined a $400 billion worth of possible spending cuts. The plan contains drastic measures such as abolishing the Department of Education, overhauling farm subsidies and eliminating a host of grants and programs. Bachmann came under fire for her proposal to include a $4.5 billion cut targeting America’s veterans. The proposed capping increases for health care spending at the Department of VA and cutting veterans’ disability payments to account for Social Security disability payments. Bachmann’s spokesperson told Fox News that Bachmann is not advocating for abolishment of veterans’ benefits. Bachmann’s spokesperson described the list as suggestions to open things up for discussion on how to reduce our nation’s mounting debt. Other lawmakers called Bachmann’s proposal totally out of step with America’s commitments to its veterans. Some lawmakers fiercely oppose the idea as America is…
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Cantor Disagrees with Reid Over Social Security Comments

House Majority Leader Eric Cantor, Representative Republican of Virginia, took jabs at Majority Leader Harry Reid, Senator Democrat of Nevada, over Reid’s Social Security comments. Reid made comments that the current Social Security program is not facing a financial crisis. According to Cantor, Reid is a roadblock to addressing the deficit and taking real action to tackle issues with Social Security. President Obama in his State of the Union address called for a bipartisan solution to strengthen Social Security for future generations. President Obama said reforms must come without benefit cuts. Cantor disagreed with the President on that point, stating that everything should be n the table. Republicans have said they are willing to examine all options for entitlement programs such as Social Security, in an effort to address the nation’s climbing deficit. The Republicans are committed to leaving the retiree benefits unchanged, at least for those Americans older than…
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Number of Unemployed and Disabled Social Security Recipients On the Rise

According to a recent study by Allsup, a Social Security disability provider, unemployment for people with disabilities continues to outpace the unemployment rate for other works. The number of unemployed and disabled Americans is on the rise. The study reports the number of people applying for SSDI benefits reached a record: 2.9 million applicants in 2010. This is the highest number of disability benefit applicants since the program began in 1956. The number of Americans leaving the workforce due to disability and then being unable to return to work is climbing. The U.S. Bureau of Labor Statistics proved this statistic in through its 2009 figures. Unemployment averaged 14.5 percent in the fourth quarter for individuals with disabilities, compared to 8.9 percent for people with no disabilities. People with disabilities experienced a 57 percent higher unemployment rate than those without disabilities. The U.S. Bureau of Labor Statistics also reported that in…
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Pawlenty Proposes Social Security Benefits Cuts

Former Minnesota Governor Tim Pawlenty stated that limiting Social Security payments to wealthier Americans could help the country lower its growing national deficit. Pawlenty, a potential 2010 presidential candidate, told an audience in the state of New Hampshite that annual increases in payments to wealthier Americans might be scaled. Pawlenty also stated that wealthier Americans do not rely on cost-of-living adjustments. In 2009, the Social Security program paid out $700 in various benefits to more than 53 million Americans. The program faces a $5.3 trillion financial shortfall over the next 75 years as the nation ages and fewer Americans pay in workers taxes. Current recipients of Social Security benefits have not seen an increase in payments during the last two years. Pawlenty suggested those with adequate income should have their payments curbed while others should receive payment increases. Pawlenty also believes the nation should consider raising the retirement age.

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