The Social Security Trust Fund is the single biggest government account to which the U.S. Treasury owes money, with obligations currently totaling about .8 trillion dollars. From the mid 1980s until 2010, the Social Security Trust Funds received more revenues than required to pay benefits. Under current law, when surplus revenues are received, the Treasury issues special bonds or I.O.Us to the Trust Funds and excess revenues are used for other government spending. The government is required by law to pay interest on those I.O.U bonds.."Relief From Deportation: Demographic Profile Of The DREAMers Potentially Eligible Under The Deferred Action Policy, Migration Policy Institute, August 2012..Article I of the United States Bill of Rights guarantees citizens the right to petition the government for "redress" of grievances. Individuals build greater political clout when they join forces with other like-minded activists to press for change. Time is running out for Notch Babies. TSCL members and their families, friends, and supporters will not allow the Notch Issue to quietly die away, but will continue to press for compensating those born during the Notch period as long as they set that as their number one legislative goal.."The group of Democrats blocked one committee from advancing their party's drug-pricing legislation, with two members arguing it was too far-reaching and could stymie innovation in the pharmaceutical industry. Some of those Democrats also want to rein in a proposal to expand Medicare to include dental coverage, a high priority for progressives such as Sen. Bernie Sanders.".TSCL understands that the budget deficit is growing out of hand. According to the non-partisan Congressional Budget Office, the massive tax reform and budget bills recently adopted by Congress will cost the federal government an estimated .7 trillion over the next ten years. However, TSCL firmly believes that a constitutional balanced budget amendment, that would disproportionately impact seniors and limit the ability of Congress to respond to economic downturns, is not the solution to the problem..Even President Trump said this about his own party: "Every Republican wants to do a big number on Social Security," he said in one appearance. "They want to do it on Medicare, they want to do it on Medicaid..Rep. Matt Cartwright represents Pennsylvania's 17th Congressional District, which includes Schuylkill County and portions of Carbon, Lackawanna, Luzerne, Monroe, and Northampton Counties. Cartwright serves on the House Committee on Natural Resources and the House Committee on Oversight and Government Reform..Not having enough money for retirement is a top concern shared by 64% of Americans in a recent Gallup poll, and the number is growing. Six-in-ten people worry about unexpected medical costs, and more than half worry about their ability to maintain their standard of living. No group feels these worries more acutely than retirees or people nearing retirement..TSCL is strongly opposed to plans to "chain the COLA." Such a switch has been estimated to reduce Social Security benefits by about 7% over a 30-year retirement. An average benefit of ,300 in 2017 would be about 5 per month less at the end of the period than it would be using the current CPI. An index that causes higher taxes, and lower retirement benefits, make the chained CPI a bad deal for older Americans.

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The proposal would potentially help those enrolled in Medicare Part D and Medicare Advantage plans, particularly in cases where a drug is not covered by the individual's plan or, as a less-expensive alternative, when the cost of importing a drug is lower than the co-pay for purchasing the medication with Part D plan coverage. Proponents of importation point out that, over the long-term, increased competition from imported drugs could pressure drug companies to reduce their prices in the U.S. and thus help reduce costs for other drugs you may take..Back in mid-August we reported on President Trump's executive order to stop the collection of the workers' part of the Payroll tax, which funds Social Security and Medicare. TSCL is opposed of Payroll tax cuts of any kind because they seriously jeopardize the financial viability of both Social Security and Medicare..Tightening eligibility requirements. Currently, DI applicants must have worked 5 of the past 10 years to be eligible for benefits. Increasing this requirement to 6 of the past 10 years would reduce the number of eligible beneficiaries only slightly and would save up to billion. … Continued

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In December of 2020, about 1.9 million people, or about 3% of all Social Security beneficiaries, were affected by WEP. This provision applies to workers who are entitled to both Social Security benefits as well as to pension benefits from employment not covered by Social Security. School teachers and firemen are two good examples. Before 1983, those whose primary employment wasn't covered by Social Security could still receive the full amount of any Social Security benefits they may have earned, assuming they had worked long enough to qualify. Today though, people affected by the WEP must have their benefits calculated using a different benefit formula. The WEP can reduce Social Security benefits by up to half the amount of the individual's pension from non-covered work..Annual Open Enrollment Period: The annual Medicare Open Enrollment period runs from October 15, through December 7, 201During this period you can compare and switch Part D stand alone drug plans and Medicare Advantage plans..For information about town hall meetings near you in the days ahead, call the local offices of your elected officials. For contact information, click HERE. … Continued

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