The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.
Showing posts with label Social Security. Show all posts
Showing posts with label Social Security. Show all posts

Thursday, November 30, 2017

Tax Cuts Feed The Rich Lead To Social Security Cuts





Rubio Foretells GOP Plans For Social Security



Crooks & Liars

Rubio Says It Out Loud: Tax Cuts Are First Step To Social Security Cuts
Hey Marco! You're not supposed to TELL people that tax cuts for billionaires is a way to get cuts to Social Security done! Rubio told a "Politico Playbook Interview sponsored by the Financial Services Roundtable" (so much wrong, but I digress) that people his age, 46, might want to kiss the money they're paying into Social…
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Sunday, December 11, 2016

The Daily GOP Ignominious: Trump's Meandering Mess (Includes A Social Security Gut)

Image result for Indifferent trump Image result for Indifferent trump Image result for Indifferent trump

Did someone say she has a couple of teen aged sons at home?
https://youtu.be/w77vg-5m9uo



Well, are we going to be dealing with a veritable Dennis the Menace for a few years?
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Slightly less than half of US voters cast votes on election day that appeared to favor Donald Trump As the weeks have passed, Hillary Clinton's vote numbers have risen and seem to be settling in around two (3) million votes over Trump's votes. The post-election day vote count disparity is a reminder we once gave credence and importance to the popular vote. Since the late 1970s, our reverence of the electoral vote has surpassed the vote of the people.  A vote (civil) dynamic written into the US Constitution to "supposedly" spread the significance of the vote across states and territories without regard to size of the state.  The so-called "Electoral College" also provided early US elites an opportunity to have elections decided without over-weightlifting the significance of that rural voters (who by all measures were considered far less than savvy on many issues. The non-wealthy, urban and non-northern voter was also considered a potential unsettling voting bloc who just might vote-in politicians who may not fit the old of what some call the "Found Fathers." A misnomer in an of itself as fathers are not generally host to slave trading and human capitol. 

Well, the Electoral College will meet in about a week (the Monday after the second Wednesday in December)  and validate Trumps non-elections win; and we move on from that point. Move to where?

Let's start with the basic indication of the character you have elected as the nation's 45th US President. Since, we have exhausted innumerable verbiage on Trump, the person, how about a peep at a couple of cabinet choices.  As you know, we as a nation are what surrounds the person in the Oval Office. (Maybe, that is why Barack Obama served as the nations 44th President with a high degree of class and a devotion to the high road).  Ben Carson, is the first actual cabinet pick after trump anointed Reince Priebus and Steve Bannon his two top advisers (one is a noted anti-Semite). Ben Carson?  Where do we start? Better yet, let's allow Carson to stand for a few minutes while we view a great video segment from Comedy Central's The Daily Show. A view from a place with a history of great comedic perspective.

 http://on.cc.com/2gk0Bc9


Secretary of State?  

How about a Putin chum who shares Russia's major interest in fossil fuel oil? Exxon Mobile CEO taped to lead the State Department and work internationally at Trump's orders. Basically, the nomination of Exxon's Tillerson is as telling an insight into our future as we could order.  An oil man, who sits atop an inhumane oil conglomerate serving in a role which will pale him in close interaction with one of the non-Arabic world's largest oil producers (Russia).  Two points: 
A. So much for any interest in moving away for fossil fuel derivatives.  
B. Didn't Trump campaign with a mantra of "taking their oil?"
While Tillerson is reported by the Wall Street Journal (WSJ) to be a "master" deal-maker, the shift form managing a world oil conglomerate to the vastly diverse requirements of Secretary of State, is a bridge Tillerson will find "too far."  You may have noticed the WSJ article headline eludes to Tillerson and Putin ties. A troubling prospect in any rational scenario.

Actually, Trump's personal ties to Putin are a much more clear and present danger.



While a few noted Trump talking heads have not been given cabinet positions (eg. Giuliani, Christie) one noted supporter seems to be working to cleanse his storm trooper like social media trail with hopes of a Trump post. Alan West, a most despicable mind and character, recently took a scrub to his Facebook page.  Problem is conservatives never seem to learn there is no scrubbing away electronic trails. 


The Raw Story reports.



West has come back with a statement of inappropriateness, but such statements do not address bottom-line judgment and character.  West is yet another example of a parallel to Hiter's henchmen in the mid-1920s.

Alas, we move on!

In a world of  national, economic and international threats, your president says he doesn't need critical daily INTEL reports. How is it possible a supposed leader of the world's only remaining military superpower and a nation targeted by terrorist can actually publicly proclaim he doesn't need daily INTEL briefings?  " I am a smart person..." simply doesn't work.

Think about what follows for a second.


WIKI
The President's Daily Brief[1] (PDB), sometimes referred to as the President's Daily Briefing or the President's Daily Bulletin, is a Top Secret document produced and given each morning at 07:45[2] to the President of the United States. Producing and presenting the brief is the responsibility of the Director of National Intelligence,[3] whose office is tasked with fusing intelligence from the Central Intelligence Agency(CIA), the Defense Intelligence Agency (DIA), the National Security Agency (NSA), the Federal Bureau of Investigation (FBI) and other members of the U.S. Intelligence Community. The Brief is also produced for the President-elect of the United States, between the election day, and inauguration.

Purpose and history 

The PDB is intended to provide the president of the United States with new international intelligence warranting attention and analysis of sensitive international situations.  

WIKI also has posted a redacted copy of a Brief. Do you recall the critical Brief which went ignored?
File:CIA Memo.JPG
An associated Brief memo as reported by CNN in April 2004.

"....a smart person."   Image result for trump kids to feed him intel in white house cartoon Really?


Let's move away from Trump for a bit. 

This week we found reports of GOP underhanded preparation for an attack on the life-line of millions of aged (or aging) Americans. An attack which has remained consistent since the first days of Social Security: FDR. It is important to note, you are also aging and the latest attempt to gut Social Security could mean you will be forced to work until darned near age Seventy. While your younger socially conservative mind may find the words palatable, your body and mind may not remain personally serviceable and effective till age 70. How about your parents being forced to work beyond their level of physical and mental acuity? Guess who will have to step-in as in days of old (prior to any Social Security). I have been reminded the common GOP mantra regarding aide to the elderly is "...the Church will step in."


Les Deporables





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Monday, June 15, 2015

Chris Christie Charges Forward With Bridge Cones To Attack Social Security!





What follows is an example of pathetic politicking to the maximum. Chris Christie is attempting to carve a desperate niche in the GOP political landscape via his singular campaign prospect: cutting (or restructuring) Social Security from the current seniors life benefits program.  

A few words regarding the contemptuous GOP "serial" attacks on social security. First, the employee contribution benefit involves lifelong payroll deductions and eligibility as the employee enters their early to mid 60s. Key points:
  • We contribute to the program a a payroll earnings basis with most workers paying the tax for the full 12 months each year.
  • Social Security is a lifeline for people who cannot or do not desire to work into their 70s.
  • Some segments of the population have life actuarial data indicating life ends earlier than other demographics. Example: African-American males have a marked shorter actuarial span than white males and white women. Should the African-American male become a disparate group who contribute until age 68 or 70 and succumb to actuarial facts of (life -cycle) death in the early 70s.
  • How about that prospect of a disparate impact (Non -intentional) of raising the eligibility age that could lead to class action lawsuits based on actuarial death data?
  • The most critical point! Why not just raised the Social security Payroll tax to eliminate the "CAP?" Income earners who earn over $117,000 per year stop paying the tax once their earnings hits $117,000 during any month of the year. ANSWER: That would require special congressional "fix" consideration regarding benefit pays out t high income earns, beyond the current payout structure. And yes it would require a "tax increase" for workers who earn over $117,000 per year.
Christie's campaign niche exemplifies the level of his desperation compliance with Koch brothers hatred of social security programs, and generally fit GOP political ideology like an expensive glove. The New Jersey Governor is hoping his mantra and strategy will catch-on and possibly provide a key as an entry to Koch money while energizing conservative ideologues.   

Crooks & Liars

Christie: Raising Retirement Age Two Years Won't 'Stop The World From Spinning On Its Axis'

Given his track record with the pensions in New Jersey, why anyone should trust this man any further than they can throw him when it comes to Americans' retirement security, or to weigh in on how Social Security should be handled is beyond me, but that's exactly what the viewers were treated to on ABC's This…
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Saturday, May 9, 2015

Social Security: Jeff Carlson And FDR





Remember back when.....

https://youtu.be/S3RHnKYNvx8



Jeff Carson...Friend of the TPI





The Party of Scrooge - History of American Politics

WE CANNOT TRUST REPUBLICANS ON Social Security PERIOD.

They want to Privatize and destroy Social Security no matter what they claim in the Media which they own and use against the people of this Country. Over and over they have shown you cannot Trust Republicans.

THIS IS A MUST READ ARTICLE:

Social Security Benefits Are Modest

Policymakers Have Limited Room to Reduce Benefits Without Causing Hardship

Social Security's financial challenge is real but is manageable in size. The program's trustees project that it is solvent until 2033, and that even after that, tax revenue anticipated under current law would support three-fourths of scheduled benefits.

In the mid-2030s, when the large baby boom generation exerts its greatest demographic pressure, benefits will cost just over 6 percent of Gross Domestic Product (GDP), up from 4.9 percent today.

There is no imminent crisis, and policymakers have time to do the job right, although it's desirable to act sooner rather than later.

The major reason for acting soon is that a carefully crafted solvency package could strengthen public confidence in the program, share sacrifices fairly across generations, and give workers plenty of notice so that they can plan their work, saving, and retirement.

LINK:


JEFF 2015


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Wednesday, April 22, 2015

Social Security...Recall FDRs Remarks






Friend of the TPI...Jeff Carlson


The Party of Scrooge - History of American Politics's photo.


RIGHT WING MIS-INFORMATION

We have been talking about who owns the Media. Six Corporations, all of them lean Right Wing, so we the people need to challenge the Lies about Social Security and it’s Future.

What Republicans are seeking is to steal the Funds Owed the  and hand them to Wall Street. Of Course Wall Street will legally lose your funds but all the Trust Money Funds will be paid to Wall Street making it the largest heist of funds ever in the History of this Planet.

It would mean the Death to millions of Americans that rely on the funds they worked all their lives for. Sad thing the Republicans who have no morals and are true Charlatans just do not care, it is about Winning and Greed.

People need to wake up to what this current GOP is doing because they have no Morals with Greed being the God they worship. America and the American people are just pawns for them to exploit!

From Bernie:

“Social Security can pay out every benefit to every eligible American for the next 18 years,” said Sanders. “But listen to this - if income inequality had stayed at the same level as it was in 1983, Social Security would have $1.1 trillion dollars more than it does today, and it would not just be solvent for the next 18 years, but for the next 38 years. In other words, it’s not just that income inequality is wrong onto itself, it has significantly hurt the lifetime of Social Security.

Link to a great Article:


Jeff --- 2015
PLEASE LIKE AND SHAR
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Thursday, November 6, 2014

Eric Wattree.Beneath The Spin: So What Do Progressives Do Now


THURSDAY, NOVEMBER 06, 2014

So What Do Progressives Do Now, In Response To The 2014 Midterm Disaster?

Beneath the Spin * Eric L. Wattree   


So What Do Progressives Do Now, In Response To The 2014 Midterm Disaster?


There’s an old axiom that says, "When the going gets tough, the tough gets going." I would like to modify that to say, "When the going gets tough, the tough gets tougher," and that’s exactly must happen now that the Corporate/GOP Alliance has taken over congress if we’re going to save America.


What we saw in the last election was the victory of ignorance over knowledge. That should never happen, and the only reason it did was because the knowledgeable didn’t assert themselves forcefully enough. One of the biggest problems that knowledgeable people often have is making the assumption that everyone can see what they can see. But that’s far from true. I warned my son and daughter about it as teenagers - NEVER assume that everybody can see what you see. The reason for that is, the knowledgeable are only knowledgeable due to their intellectual predisposition. They base their perception of reality ON reality, by giving truth, facts, and logic priority over what makes them feel most comfortable.



But there are many people in this world who don’t base their perception of reality on truth, facts, and logic. These people tend to be FEELERS, rather than thinkers, so they invariably give ideology priority over truth. When such people are faced with an inconvenient fact, instead of accepting that fact and using it to modify their perception, they’ll do whatever they have to do to contort truth into a configuration that fits comfortably into what they WANT to believe. We can see that tendency at work in the conservative claim that, "President Obama is un-American - he’s engaged in a socialist plot to insure my family against catastrophic illness." That assertion sounds ridiculously funny to most of us, but to FEELERS who feel a desperate need to hate Obama, it represents perfectly sound logic, and the failure of progressives to recognize that fact, and act on it, is what led to the 2014 midterm disaster.


In my article, "The 2014 Midterm Election - A Towering Testament To Monumental Stupidity,", I allude to a letter that I sent to President Obama back in February in an attempt to avert this midterm disaster. In the letter I point out the following:


"So while I think you, personally, should continue in the mode that you’ve established, at the same time, you should create a staff - housed right next door to the Oval Office - whose sole purpose is to debunk Republican disinformation. Then, whenever any Republican appears on the news to distort reality, he or she should be able to look forward to the next day’s news cycle being flooded with information not only debunking his or her words, but also, examining every action that he or she has engaged in during their career that tends to be in conflict with their current position. In short, you should parade their hypocrisy before the American people.

"If you would take that simple action, Mr. President, you would not only drive home to the people the GOP’s hypocrisy, but you would cause individual Republicans to run away from the cameras instead of stumbling all over one another to be the first one to present the latest Republican assault on reality. In addition, it would appease the thirst for blood among the people in your base, provide writers like myself with grist for our mill, and also give us an indication of what areas of investigation would bear the most fruit."

I go on to point out that "Since much of the GOP’s popularity and success is based upon the complete ignorance of a sizable percentage of the American electorate, I’m convinced that if the President would have followed my advice and educated the American people to what they’re actually dealing with in the GOP, he could have done an end run around what we witnessed last night."




But the President didn’t choose to take my advice, and since, for some reason, our Democratic politicians don’t see fit to confront GOP lies and disinformation, as progressives, WE’VE got to become the staff that I spoke to the President about establishing. WE can use the internet to do the research, and WE can, and MUST, go on a single-minded mission to debunk GOP lies, and push TRUTH down America’s throat. If we don’t, the Corporate/GOP Alliance is going to attack, and try to reverse Social Security, Medicare, Medicaid, the Affordable Care Act, unemployment insurance, the Fair Labor Standards Act, the minimum wage, the Voting Rights Act, and everything that’s been put into place to protect the poor and middle class America since the New Deal. That, is their agenda - to enslave the American people by leaving us totally dependent upon Corporate America.


Please start your research with the issues presented in the articles below. The information therein represents many hours of research, and provides posters that makes the information easily digestible. They'll give you much perspective, and will allow you to hit the ground running. Providing sound and irrefutable facts and knowledge is the key to getting America to open its eyes - and this may be our last chance to do that. Consider this. If the Corporate/GOP Alliance wins both the presidency and both houses of congress in the next election, the American experiment in democracy, is over.

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RELATED ARTICLES
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http://wattree.blogspot.com/2014/04/demographics-are-against-gop-so-theyve.html


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THE GOP: A ONE HUNDRED YEAR RECORD OF SWINDLING THE AMERICAN PEOPLE 
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Eric L. Wattree
http://wattree.blogspot.com/
Ewattree@Gmail.com

Citizens Against Reckless Middle-Class Abuse (CARMA)
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Religious bigotry: It's not that I hate everyone who doesn't look, think, and act like me - it's just that God does. 

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Friday, August 29, 2014

Connect The Dots: Social Security (Always Under Attack From The GOP)


I literally grow as excited as a teen with a new video game when I see Connect The Dots has published its most a nascent piece.

Here is the latest. It provides information about Social Security.  It is important to remember as long as there is a GOP, Social Security is under attack. 





Social Security, which celebrates its 79th birthday today, is one of our most successful federal government programs, paying out every benefit owed since 1935 and keeping many seniors and disabled out of poverty. And that’s why Republicans and their Wall Street overlords want to drown the beloved program in a bathtub.

The next time someone tries to convince you that the Social Security trust fund is empty, show them this accounting statement. Notice how in 2013, the trust fund earned $103 Billion by loaning the surplus back to other parts of the U.S. government. That's a 3.75% annual rate of return and makes more economic sense than stuffing the money under the mattress (or in a lock box) where it earns no interest and gets eaten up by inflation.

Also note that the outlays for Disability Insurance (DI) exceeded income by $32 Billion so that amount of treasuries had to be sold by the Disability trust fund. How could all this happen if the trust fund were empty? On the contrary, as I illustrated in an earlier post, the Social Security Trust Fund is America’s largest creditor:

https://www.facebook.com/317587111589271/photos/pb.317587111589271.-2207520000.1408043528./850339348314042/?type=1&theater

According to the recently released annual report of the Social Security & Medicare Boards of Trustees, the Old-Age & Survivors Insurance (OASI) program can pay out full benefits until 2034. After that, even if nothing is changed, it can still pay out 77% of benefits from its dedicated payroll tax. 


http://www.ssa.gov/oact/TRSUM/tr14summary.pdf

A 23% cut to seniors is a terrible thing, but it’s hardly a 100% cut as if the Old-Age fund were completely empty. The Trustees specifically define “solvency” to mean the program can pay out full benefits for the next 75 years! That is a very high bar and not the common definition of “solvent.”

The Disability Insurance (DI) fund is a much more urgent matter. Its trust fund will be depleted late in 2016 — just two years from now! After that, if nothing is changed, it will only be able to pay out 81% of benefits owed. By law, the OASI and DI trust funds are two separate accounts and cannot pull from each other. In 1994, however, Congress temporarily reallocated the payroll tax to make up a shortfall in DI. Normally, OASI gets a payroll tax of 10.6% and DI gets 1.8%, with the employer and employee each paying half.

There is an easy, permanent fix to all this — just scrap the wage cap and collect payroll taxes on earnings over the arbitrary $117,000 (in 2014). Back in 1983, 90% of all income in the U.S. fell under the cap and was subject to the Social Security tax. With growing income inequality and more income going to the top, now only about 83% of all income falls under the Social Security cap. So we could either raise the cap to $180,000 to make sure the tax once again reaches 90% of total U.S. income, or even better, just scrap the unfair cap all together. The Medicare payroll tax (for Part A Hospital portion) has no such wage cap.

And let's not forget that getting unemployed and underemployed folks back to full employment, as well as raising the minimum wage, will bring in more payroll taxes and further improve Social Security projections.
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Tuesday, May 27, 2014

Connect The Dots USA: Social Security......A GOP Target Since FDR

Re-Blog From Connect The Dots USA





One of our most successful, dependable government programs is Social Security. Since 1935, it has kept many seniors out of poverty. With recent and probably future Wall Street shenanigans with our 401ks and pensions, many more folks will probably need Social Security to survive. So stop picking on it.

Instead, we should be expanding benefits by scrapping the cap so millionaires don’t pay a lower Social Security tax rate on their income compared to someone making below $117,000.


Talk of “entitlement reform” and “privatizing” Social Security is just a ruse to funnel that $2.6 Trillion surplus into the Wall Street gambling casino. Oh the fees they will take! We paid into this insurance program and darn straight we’re entitled to the return on our investment. It is not welfare; it is a 100% EARNED BENEFIT program.

Also remember, as we saw in an earlier post (5/2/14), Social Security — far from adding to the deficit or debt — is America’s largest creditor. Failure to grasp this distinction is like not understanding the difference between your home loan and the bank to whom you owe the money.



The next time someone tries to convince you that the Social Security trust fund is empty, you just show them this accounting statement issued by the Social Security Administration. Notice how in 2012, the trust fund earned $109 Billion by loaning the money back to other parts of the U.S. government. That's a 4.0% rate of return and makes more economic sense than stuffing the money under the mattress (or in a lock box) where it earns no interest and gets eaten by inflation. 

Also note that the outlays for Disability Insurance (DI) exceeded income by $31 Billion so that amount of Treasuries had to be sold by the Disability trust fund. How could all this happen if the trust fund is empty?

Based on current projections, the Old-Age & Survivors Insurance (OASI) program can pay out full benefits until 2033. After that, even if nothing is changed, it can still pay out 75% of benefits from its dedicated payroll tax. So it is not "bankrupt" or "insolvent" in 2033. Rather the trust fund that is used to make up the projected shortfall between benefits paid and payroll tax collected will have been depleted. A 25% cut to seniors is a terrible thing, but it’s hardly a 100% cut as if the Old-Age fund was “bankrupt.”


The Disability Insurance fund is a much more urgent matter. Its trust fund will be depleted in 2016 — just two years from now! After that, if nothing is changed, it will only be able to pay out 80% of benefits owed.

There is an easy fix to all this — just scrap the wage cap and collect payroll taxes on earnings over the arbitrary and unfair $117,000. Back in 1983, 90% of all income in the U.S. fell under the cap and was subject to the Social Security tax. With growing income inequality and more income going to the top, now only 83% to 84% of all income falls under the Social Security cap. So we could either raise the cap to $180,000 to make sure the tax once again reaches 90% of total U.S. income, or even better, just scrap the unfair cap all together.

And let's not forget that getting unemployed and underemployed folks back to full employment, as well as raising the minimum wage, will bring in more payroll taxes and further improve Social Security projections.

Note that except for the 2011-2012 payroll tax cut legislation that temporarily replenished the Social Security trust fund with about $114 Billion per year from general revenue, Social Security by law cannot pull money from general revenue. And any surplus gets credited to the Social Security trust fund and loaned back to the U.S. Treasury. So normally Social Security is an entirely self-funding account — a 100% earned benefit.

And now you know why Progressives are not fans of the payroll tax cut to get money in the pockets of working families. It starts an unsettling trend of linking Social Security to the deficit. Better to resurrect the 2009-2010 "Make Work Pay Tax Credit" that accomplished the same goal without dragging Social Security into the austerity fray.
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