This week, The Senior Citizens League released its annual "Loss of Buying Power" study, which found that Social Security benefits have lost 34 percent of their purchasing power since 2000. In addition, lawmakers in the House and Senate left Washington for the holiday recess..Most Americans contribute 6.2 percent of every paycheck to Social Security, but workers earning over 2,900 contribute nothing over that amoun,t due to a payroll tax cap. Around 75% of Social Security beneficiaries believe the Social Security taxable maximum should be eliminated to extend the solvency of the Trust Funds responsibly, without cutting benefits. Do you agree?.Negotiations Continue among Conferees."Relief From Deportation: Demographic Profile Of The DREAMers Potentially Eligible Under The Deferred Action Policy, Migration Policy Institute, August 2012..To allow this situation to languish so long is a national disgrace when there's a surprising high level of bipartisan support for Notch Reform through "The Notch Fairness Act." This legislation would allow Notch Babies born from 1917 through 1926 a choice between a lump-sum of ,000 payable over a four-year period, or a higher monthly benefit. As of this writing, more than 94 cosponsors have signed on..Senate Confirms New CMS Administrator.A majority of the 54 million senior and disabled Americans who receive Social Security depend on it for at least 50 percent of their total income, and one in three beneficiaries rely on it for 90 percent or more of their total income..Second, every two years, the Taskforce will submit a report to Congress outlining trends and innovations that are impacting the investment for senior investors. This will keep a cop on the beat to make sure we keep up with changes in financial scams. The report will also include recommendations for changes to rules of the SEC or other organizations, and any legislative actions needed to resolve senior investors' problems..and inexpensive generics but she suffered from extreme fatigue and depression.

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Social Security checks in 2020 are almost 20 percent lower than they otherwise would be, due to the long term impact of extremely low annual inflation adjustments, according to a new analysis from The Senior Citizens League. This analysis comes as the Social Security Administration announced today that the 2021 cost of - living adjustment COLA will be just 1.3 percent, making it one of the lowest ever paid..This week, the Senate Judiciary Committee approved the "Gang of Eight's" immigration reform bill by a vote of thirteen to five. In addition, two House Ways and Means Subcommittees held hearings on entitlement reform, and The Senior Citizens League saw support grow for four key bills..The BPC notes that this combination of lower revenues and higher program costs will shorten the solvency of the Social Security. Its blog points to past changes in Social Security solvency. In 2008, prior to the full impact of the Great Recession, Social Security Trustees estimated the Trust Fund would be depleted in 204By the time the recession had run its course, in 2012 high unemployment and sluggish economic growth had moved up the insolvency date to 2033. … Continued

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Rep. Allyson Schwartz introduced H.R. 574 on February 6, 201It has since been referred to the Committee on Energy and Commerce and to the Committee on Ways and Means where it awaits further action..While a compromise was not reached, some consider the automatic budget cuts as a silver lining. "The good news, if there is no agreement, the nation is going to end up with what Republicans said, there will be a dollar spending reduction for every dollar increase in the debt ceiling" said Hensarling. White House Press Secretary Jay Carney echoed the same optimism: "It's important to remember, however, that because of the Budget Control Act, the 1.2 trillion dollars that the Super Committee was supposed to achieve in deficit reduction will happen regardless.".What is TSCL? … Continued

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