Social Security News 4-30-12

 SSW/SSSC mention**

Public News Service (NAT)

Will Social Security Last for Gen X, Y, Z?


Some economists and policy makers suggest keeping the current program for those 55 and older and offering younger workers the chance to invest over one-third of their Social Security Taxes into private retirement plans. Nancy Altman, co-director of Social Security Works, sees this as the wrong approach. She says the program is efficient the way it is.


SSW/SSSC mention**


AlterNet (NAT)

Separating Fact from Fiction on Social Security


Joshua Holland

This week, Nancy Altman, co-founder of Social Security Works, appeared on the AlterNet Radio Hour with Joshua Holland to help cut through the noise and give listeners an accurate perspective of the program's finances. Below is a podcast of the segment...


Center for Economic and Policy Research (NAT)

Washington Post Gives Scary Demographic Story About Japan, Again


The Washington Post has a practice of running a story ever month or so about Japan facing a demographic nightmare because its population is living longer. The idea is that this will impoverish the nation's youth, imposing a crushing burden for caring of the elderly. Of course those who know arithmetic know better.


Federal News Radio (NAT)

EPI economist addresses outlook for Social Security reserves


This week on AFGE's "Inside Government" Economic Policy Institute Economist Monique Morrissey discusses the outlook for Social Security's trust fund, while AFGE 14th District National Representative Johnnie Walker details a new affordable housing program for D.C. government workers. Lawyers' Committee for Civil Rights Under Law Public Policy Director Tanya Clay House and GovLoop Founder and President Steve Ressler also appear.


Baltimore Sun (MD)

Social Security: Tax holiday


John Hutton

President Obama's tax 'holiday' undercuts the long-term viability of Social Security,0,2988275.story



Poll: More workers see Social Security as critical



A third of U.S. workers indicated in a recent poll that Social Security would be a major portion of their post-retirement funding, Gallup researchers said.


Fox Business (NAT)

Don’t Just Panic Over Social Security’s Worsening Finances- Do Something About it


Gail Buckner

The headlines regarding the future of Social Security are scary--but there is a way to fix the problem.


Investment News (NY)

Shrunken Social Security figures into advisers' plans -


Darla Mercado

Given the program's finances, it only makes sense that advisers establish pessimistic predictions for benefit payments from Social Security, said Laurence J. Kotlikoff, an economics professor at Boston University and author of the upcoming book “The Clash of Generations: Saving Ourselves, Our Kids and Our Economy” (The MIT Press, 2012)


The Orange County Register (CA)

Social Security is not entitlement; we earned it!


Francis T. Concannon Jr

An entitlement is basically receiving something for nothing. There are countless government programs that are truly entitlement-based: welfare, food stamps, low-income assistance for medical, dental, rent, utility programs, to name just a few. Most recipients of these benefits have never contributed to these programs. They pay no state and federal income taxes because they are “low-income” earners.


Palm Beach Post (FL)

Letters: Blame federal lawmakers for Social Security ills


I was distressed by the spin on Social Security repeated in the article, "Rising threat to retiree aid.


Argus Leader (SD)

Social Security anxiety gets forum


Jon Walker

Distress signals last week concerning Social Security and Medicare have led to a series of forums this week across South Dakota about how to protect the federal programs.


Argus Leader (SD)

Forum: Many fear without changes, Social Security wont last


Brenda Wade Schmidt

Many people who attended an AARP community meeting this morning worry that Social Security and Medicare won’t be available when they or their families need it unless changes are made.|topnews|text|Home


Rolling Stone (NAT)

Straight Talk on Social Security

Jared Bernstein  


First, the finances.  You may have recently heard that the trust fund from which Social Security benefits are paid will be exhausted by 2033, three years earlier than last year's forecast.   That exhaustion can and should be avoided, and the sooner we take steps to do so, the better.




The New Yorker (NY)

Hollande, Sarkozy, and Democracy in France


Adam Gopnik

What would an actual, honest-to-God Socialist President do in office? Probably not anything particularly socialist...


The Hill (DC)

Obama says he hasn't spiked football to mark bin Laden death -


Amie Parnes

Responding to GOP criticism of “spiking the football on the anniversary of Osama bin Laden’s death, President Obama said Monday there hasn't been any excessive celebration by his administration.



Romney: 'Even Jimmy Carter' would have ordered bin Laden attack



President Barack Obama on Monday appeared to call out Mitt Romney over what he said about going after Osama bin Laden four years ago.


U.S. News (NAT)

Texas can't ban Planned Parenthood from health program



A federal judge on Monday blocked a Texas rule that would have excluded Planned Parenthood from participating in the state's women's health program.


Politico (DC)

Jeff Himmelman calls out Bob Woodward


Dylan Byers

Author Jeff Himmelman on Monday strongly defended his bombshell New York Magazine story that calls into question some details of Bob Woodward’s Watergate coverage against attacks from the veteran Washington Post reporter that he failed to include key information that upends the entire article. Himmelman’s piece is based in part on the discovery...


Politico (DC)

Christie on VP: Romney 'might be able to convince me' -



Chris Christie, asked yet again today about whether he'd consider becoming Mitt Romney's running mate, indicated that he might be open to the possibility:"He might be able to convince me. He's a convincing guy, but I really love this job. I really want to stay in this job" Christie said during a high school visit in Plainsboro...

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