Tag Archives: Democrats

What Would Romney Do About Social Security?

After a tough primary season that saw the frontrunner change several times, the Republican nominee for the presidential election coming up this fall is bound to be former Massachusetts governor Mitt Romney. Polls currently have Romney and President Obama running neck and neck to become our next President, so it is reasonable to wonder what sort of changes to Social Security Romney has in place should he win this fall’s election. If you are concerned about changes and your eligibility for Social Security disability benefits, more information is available from a Tulsa SSI law firm. How would a President Romney impact Social Security? Romney has spoken out about the financial perils facing Social Security programs, which provide benefits to disabled and retired Americans and their dependents. As the campaign season progresses, he will inevitably disclose more about how he plans to reform Social Security, but some of his suggestions thus…
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$1 Billion to Eliminate Social Security Waste

President Obama recently submitted his 2013 budget proposal to Congress, and his suggestions – or lack thereof – are drawing comments from Republicans and Democrats. His budget for the next year does not address the long-term solvency of Social Security, which is the biggest problem facing Social Security and which the payroll tax cuts we discussed on Monday make worse. Of course, what the lack of a plan means depends on to whom you talk. Democrats say it would be futile to argue about long-term Social Security plans during an election year, since Republicans would be more focused on winning elections than seriously negotiating. Republican presidential nominee front-runner Mitt Romney, on the other hand, criticized President Obama for not discussing how he would make Social Security solvent. One budget item that may help Social Security and current and future beneficiaries is that President Obama earmarked $1 billion towards ensuring that…
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Age 67 Medicare Eligibility May Lower Your Social Security

Recent new analysis suggests that even if government cuts do not directly affect Social Security, Social Security beneficiaries may still feel the effects indirectly. The Super Committee tasked with finding ways to trim the federal deficit is considering raising the age for which Americans become eligible for Medicare from 65 up to 67. Those savings, some experts believe, would come at the expense of retirees’ Social Security benefits. The Super Committee recently heard testimony from a Morgan Stanley executive who said that raising the age would be a good way to bridge the divide between Democrats and Republicans. He also noted that the Affordable Care Act (“Obamacare,” as some call it) would help 65- and 66-year-olds find coverage in the private sector. Raising the Medicare eligibility age has support from members of both parties, so it is a feasible change. On the other hand, several think tanks and organizations believe…
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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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