Social Security News 5-11-12


NBC Politics (NAT)

Is America in fiscal austerity yet?


Tom Curry

The short-term importance of the budget bill which the House approved this week is that Democrats now have another vote which they can use against Republicans running in tough races this fall.

The Hill (DC)

Groups push to expand Social Security, bucking GOP plans On The Money


Erik Wasson

A coalition of liberal senior and women’s rights groups on Friday announced that they are pushing to greatly expand Social Security benefits, bucking GOP calls to cut the troubled program in order to shore up its finances. The most of the ten changes being advocated for would deepen the funding shortfall that Social Security is facing, the groups admit.


Huffington Post (NAT)

Will Democrats Embrace American Austerity? Crash This Party and See


Richard (RJ) Eskow

Maybe your invitation to billionaire Pete Peterson's "Fiscal Summit" got lost in the mail. Or maybe they really, really didn't want you there.


US News (NAT)

How to Improve Social Security for Women


Philip Moeller

Advocacy groups say it’s time to update rules that have become outmoded since being enacted in 1935.


Reuters (NAT)

New online Social Security statements don't cut it


Mark Miller

Your annual Social Security benefit statement, which provides an important annual reminder and explanation of benefits, has moved online.Paper statements were eliminated last year


Chicago Tribune (IL)

Financial pointers for women on Mother's Day


Gail MarksJarvis

Besides the sacrifices they make daily for their family, women are likely to be making a significant dent in their financial security.,0,279441.column


Warrick Publishing, Inc. (NAT)

Hoosiers earned say in Medicare, Social Security


June Lyle

Ninety-five point one percent, 99.6 percent and 68 percent — pretty significant percentages, right?


The Web of Debt (Blog)

Indentured Servitude for Seniors: Social Security Garnished for Student Debts


Ellen Brown

It seems that Congress has removed nearly every consumer protection from student loans, including not only standard bankruptcy protections, statutes of limitations, and truth in lending requirements, but protection from usury (excessive interest).  Lenders can vary the interest rates, and some borrowers are reporting rates as high as 18-20%.


Bloomberg BNA (NAT)

Social Security, Medicare Trustees Highlight Need for Revenue



actuarial imbalance combined OldAge Survivors Disability Insurance OASDI program now largest actuarial deficit seen Social Security 1983 reforms Charles Blahous public trustee Social Security system April 23 release 2012 annual report Social Security board trustees.


Entitled to Know (Blog)

It’s Time to Change the Social Security Conversation



“The truth is — as our nation ages and retirement income continues to decline for millions of Americans – Congress should be talking about the adequacy of Social Security’s benefits not cutting them.  Congress should examine the inequities that have created a poverty rate for senior women and widows that is 50% higher than other retirees 65 and older. “





The New York Times (NAT)

Regulators Looking Into JPMorgan Trading Activities Before $2 Billion Loss


Mark Scott

The Federal Reserve and Financial Services Authority of Britain have been in discussions with JPMorgan Chase since April about the trading group that on Thursday disclosed more than $2 billion in losses.


Politico (DC)

Will young Mitt Romney hurt candidate Mitt Romney? 


Maggie Haberman

When a report alleging Mitt Romney engaged in a high-school incident that left a gay student “terrified” got traction Thursday, his campaign moved to quell the flames — putting the candidate on radio to offer a broad-based apology for youthful “hijinks and pranks” — and offering up other classmates to fill in a different...


The New York Times (NAT)

S.E.C. Opens Investigation Into JPMorgan's $2 Billion Loss


Ben Protess and Susanne Craig

The Securities and Exchange Commission recently opened a preliminary investigation into JPMorgan's accounting practices and public disclosures about the trades.


The Hill (DC)

Romney makes play for North Carolina


Justin Sink

Mitt Romney headed to North Carolina Friday, looking to make headway in a swing state Republicans are describing as increasingly attainable after President Barack Obama's decision to endorse same-sex marriage earlier this week.


Yahoo! News (NAT)

Obama campaign adds ‘clean coal’ to website after Republican outcry


Chris Moody

From the blog The Ticket: President Obama's campaign website added "clean coal" to a list of energy priorities late this week, days after Republican lawmakers noted the omission and a federal inmate received about 40 percent of the vote against Obama in the Democratic primary in coal-heavy West Virginia. Previously, the campaign's website highlighted "fuel efficiency" on a list of [...]


Associated Press (NAT)

Obama Approval Rating On Economy Declines


Tom Raum and Jennifer Agiesta

WASHINGTON -- Americans are growing more pessimistic about the economy and handling it remains President Barack Obama's weak spot and biggest challenge in his bid for a second term, according to a new Associated Press-GfK poll. And the gloomier outlook extends across party lines, including a steep decline in the share of Democrats who call the economy "good," down from 48 percent in February to just 31 percent now.

View the full text of the petition here