Social Security News 5-21-12

This Week (NAT)

Nancy Pelosi on This Week with George Stephanopolis

05-20-12

http://www.youtube.com/watch?v=2w36tXooDkU

CBS News (NAT)

Sen. Warner: Little support in Washington "to do the right thing"

05-21-12

Leigh Ann Caldwell

Face The Nation on CBS: Sen. Warner: Little support in Washington "to do the right thing" - GOP Senator Graham says he thinks presumptive Republican nominee Mitt Romney should embrace reforms to tax system

http://www.cbsnews.com/8301-3460_162-57437886/sen-warner-little-support-in-washington-to-do-the-right-thing/

 

MSNBC (NAT)

Press Pass - Post Show Thoughts: Durbin, Ryan debate the economy, 2012

05-21-12

Senator Durbin, on the other hand, pointed to the now-stalled Simpson-Bowles debt reduction plan as a hope for bi-partisanship in Washington and attacked Paul Ryan for not supporting it.

"If we're going to compromise and give the American people an answer instead of a political speech or a soundbyte, we've got to get back to the same basic Bowles-Simpson principles that Paul Ryan and, unfortunately, the three House Republicans, refused to vote for."

http://presspass.msnbc.msn.com/_news/2012/05/20/11778904-post-show-thoughts-durbin-ryan-debate-the-economy-2012

 

The New York Times (NAT)

Entitlement Reform For the Entitled

05-21-12

Ezekiel J. Emanuel

The richer you are, the older you should have to be to collect Social Security and Medicare benefits.

http://opinionator.blogs.nytimes.com/2012/05/20/entitlement-reform-for-the-entitled/

 

Business Insider (NAT)

Ezekiel Emmanuel Doesn't Like Social Security and Medicare

05-21-12

Dean Baker

There are two big problems with this story. First there is the old trick of conflating Social Security with Medicare and Medicaid. This is a great trick for those who want to deceive people into believing the budget problem is primarily a demographic story

http://www.businessinsider.com/ezekiel-emmanuel-doesnt-like-social-security-and-medicare-2012-5

 

US News and World Report (NAT)

Poverty Increasing Among Retirees

05-21-12

Poverty rates for women were nearly double that of men in almost all years between 2001 and 2009. In 2009, poverty rates were 7 percent for men and 13 percent for women. And both men and women who are single have significantly higher poverty rates than married couples. When one spouse dies, the total Social Security benefit received by the household often decreases.

http://money.usnews.com/money/retirement/articles/2012/05/21/poverty-increasing-among-retirees

 

Esquire (NAT)

Cory Booker Bain Capital Comments - What Are the Gobshites Saying These Days?

05-21-12

Charles P. Pierce

In other words, the worst thing the Republicans have done is to walk away from "Simpson-Bowles principles" which, you may recall, were so utterly compelling that they couldn't muster enough support within the commission to be presented to the Congress.

http://www.esquire.com/blogs/politics/cory-booker-bain-capital-comments-9033333

 

Fire Dog Lake (Blog)

It’s Still a Fiscal Cliff If You’re Headed Downhill

05-21-12

David Dayen

We’re finally starting to get more attention paid to the fiscal cliff, including from conservatives dedicated to discounting it.

http://news.firedoglake.com/2012/05/21/its-still-a-fiscal-cliff-if-youre-headed-downhill/

 

Stan Collender's Capital Gains and Games (Blog)

CNBC Blows It On Bowles-Simpson

05-21-12

As regular CG&G readers know, the B-S commission did not issue or agree on a report. The two co-chairs recommended something but that wasn't even voted on let alone actually approved. Eleven of the commission's 18 members informally indicated they supported the co-chairs' recommendation, but there was no vote and the recommendation wasn't approved.

http://www.capitalgainsandgames.com/blog/stan-collender/2554/cnbc-blows-it-bowles-simpson

 

New Jersey Newsroom (NJ)

Social Security and Medicare will be here for all Baby Boomers and Generation X

05-19-12

Carol Abaya

Eisenbrev says “Many claim younger workers will never be able to claim Social Security benefits. Far from it, even workers who retire after 2033, benefits will be higher in inflation-adjusted terms than they are today

http://www.newjerseynewsroom.com/healthquest/social-security-and-medicare-will-be-here-for-all-baby-boomers-and-generation-x

 

Southwest Iowa News (IA)

Why young workers should care about Social Security

05-20-12

Denise Jones

Summer will be here before we know it. That means millions of high school and college students will be searching for jobs. Whether a new worker is beginning the career of a lifetime or just earning some extra money for the school year to come, there is one question that is likely to be on each new worker’s mind when they see their first pay stub: Where’s the rest of my money?

http://www.southwestiowanews.com/council_bluffs/news/local_business/why-young-workers-should-care-about-social-security/article_045a9c42-a111-11e1-9529-001a4bcf887a.html

 

 

Politics

 

CNN (NAT)

How the euro crisis will affect you

05-21-12

David Frum says because of the way global financial institutions work, the portfolios that support your pension could suffer if countries leave the eurozone.

http://www.cnn.com/2012/05/21/opinion/frum-euro-crisis/index.html

The Washington Post (DC)

Wonkbook: What if we'd had Europe's rules?

05-21-12

Ezra Klein

The problems in the euro zone have been endlessly, and mistakenly,  analogized to the problems in the U.S. -- and so too have the solutions.

http://www.washingtonpost.com/blogs/ezra-klein/post/wonkbook-what-if-wed-had-europes-rules/2012/05/21/gIQANdh8eU_blog.html

 

Talking Points Memo (Blog)

Axelrod: Booker ‘Was Just Wrong, Fehrnstrom: ‘I Agree With Mayor Booker’

05-21-12

Benjy Sarlin

Top spokesmen for the Obama and Romney campaign tussled over Newark Mayor Cory Booker’s criticism of Democrats’ attacks on Bain Capital as “nauseating” in back-to-back appearances on MSNBC Monday.

http://2012.talkingpointsmemo.com/2012/05/axelrod-booker-was-just-wrong-fehrnstrom-i-agree-with-mayor-booker.php?ref=fpnewsfeed

 

Politico (DC)

Dems, GOP fear bomb from outside groups

05-21-12

Alexander Burns

A super PAC’s abortive plan to launch incendiary, personally charged attack ads against President Barack Obama sent a sharp warning message to candidates up and down the federal ballot: This year more than ever, they are not in control of their own destinies. Campaigns and party committees have recognized since before the 2012 race began that...

http://dyn.politico.com/printstory.cfm?uuid=C04BC9F2-74A5-4338-BA3B-FC51CA5A561E

 

The New York Times (NAT)

Middle Class Smaller in New York City Than Nationally, Study Finds

05-20-12

Patrick McGeehan

A city comptroller’s office study found that the wealthiest 1 percent of New Yorkers had nearly one-third of all personal income in 2009.

http://www.nytimes.com/2012/05/21/nyregion/middle-class-smaller-in-new-york-city-than-nationally-study-finds.html?_r=1

 

Politico (DC)

Mitt Romney, Barack Obama in tight money race

05-21-12

Kenneth P. Vogel

Big donors have vaulted Mitt Romney into a neck-and-neck arms race with President Barack Obama’s formidable fundraising machine. Romney and the groups supporting him have less cash on hand than Obama, but they’ve proved something potentially more important: They can bring in major money. In all this cycle, super PACs, committees and the...

http://www.politico.com/news/stories/0512/76556.html

 

The New York Times (NAT)

Dimon’s Déjà Vu Debacle

05-20-12

Paul Krugman

JPMorgan makes the case for strong financial regulation (with an assist from Mitt Romney).

http://www.nytimes.com/2012/05/21/opinion/dimons-deja-vu-debacle.html?partner=rssnyt

 

The Atlantic Wire (NAT)

Facebook Plunges in Second Day of Trading

05-21-12

Alexander Abad-Santos

Do you hear that? That's the sound of the vaunted Facebook stock falling around $5 or 13 percent in the stock market this morning.

http://www.theatlanticwire.com/business/2012/05/facebook-stock-falling/52595/

 

The Hill (DC)

Notre Dame, Catholics sue Obama over contraception mandate

05-21-12

Elise Viebeck

The Archdiocese of Washington filed suit challenging the Obama administration over its mandate that insurance plans cover birth control for women without a copay, arguing that the order violates the religious freedom of Catholic institutions. The suit was one of 12 similar actions filed Monday around the country, a release stated, bringing the total number of cases now pending over the mandate to more than 30.

http://thehill.com/blogs/healthwatch/legal-challenges/228585-washington-archdiocese-sues-administration-over-birth-control-mandate