Social Security Law
What if Obama Cuts Social Security?
Many are worried about President Obama’s vow to work with Republicans in terms of budget cuts. His recently produced 2014 budget proposal hints at cutting well-deserved Social Security benefits in the future. With the way things are going, the Social Security program is going to run out of money in the next few decades anyway. …
Read MoreIs Obama Losing Support Due to his Social Security Stance?
President Obama has vowed to continue attempting to work with Republican lawmakers when it comes to Social Security and Medicare benefits…even at the cost of irritating many of his Democratic supporters. Obama states, “Occasionally I may make some of you angry because I’m going to reach out to Republicans, and I’m going to keep on…
Read MoreCompanies No Longer Want to Pick Up Health-Care Tabs
If you’re planning on retiring and receiving health-care benefits from your employer, then best of luck to you. Benefits are going through a drastic change and due to rising costs employers are eliminating health-care benefits for former employees. With the Affordable Care Act altering things, even more employers are re-strategizing to contain their costs. To…
Read MoreSocial Security and Veterans’ Benefits to Get Cut
Have you heard of COLA? No, it’s not the soft drink you buy at convenience stores or fast-food joints when you’re looking to quench your thirst. COLA is the cost-of-living adjustment for Social Security and veterans’ benefits. Washington DC politicians are bringing up a budget deal that could lead to major cuts in the benefits…
Read MoreAARP Plans to Protect Social Security During Budget Cuts
The debate to lash the federal budget deficit has topped Mt. Everest in altitude as its placed center stage in Washington. What is the government proposing? Slashing Medicare and Social Security benefits, which would greatly affect the millions of Americans who have “paid” into them. What happens if you’re planning on retiring? Well, some elderly…
Read MoreInequality Earnings Have Been on the Rise since 1980
Annual income data has shown that there has been an inequality in America in terms of earnings since 1937. What this shows is that the average American is dealing with a stagnating income whereas top earners are skyrocketing with gains. The Social Security Administration’s data captured the information from individuals during 1937 to 2004. What…
Read MoreSocial Security & Medicare Tough to Cut
Obama is set on clarifying a misconception regarding this country’s Medicare program. Most Americans don’t realize that Medicare recipients receive only what they have paid for through taxes, premiums, and medical co-payments. Basically, for every dollar you pay to Medicare, you draw about $3 in benefits. This misconception is what’s giving politicians a headache in…
Read MoreProtestors Want Lawmakers to Scrap the FICA Wage Cape
Protestors at a rally in downtown Chicago want lawmakers to protect America’s social security. A wage cap has been imposed on the Federal Insurance Contributions Act (FICA) tax that hinders a lot of workers and protestors want the makers to “scrap the cap”. Along with scrapping the cap, the demonstrators want to see the full…
Read MoreDimwitted Woman From Dimmitt Involved in Social Security Scam
Belinda Kirby, the co-owner of a Dimmitt concrete company pleads guilty as charged for scamming with her brother-in-law to illegally obtain $42,000 in Social Security disability payments. Kirby had asked Ricki Dale Wilcox, her brother-in-law, to work for her company and claim to be disabled. Subsequently, they avoided reporting wages to the Social Security Administration,…
Read MoreSenator Bernie Sanders Vows to Fight Obama’s Social Security Cuts
Erika J Mitchell / Shutterstock.com Bernie Sanders, an independent senator of Vermont, had held an 8.5-hour protest on the Senate floor in late 2010 to stop Barack Obama’s late 2010 tax deal with Republicans. He failed. Now Sanders, the Senate’s most liberal member, claims will do what it takes to prevent Obama’s push for cuts to Social…
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