"A New and Rising Price Tag for Trump's Wall: .6 Billion," Jonathan Weisman, The New York Times, February 10, 201"The Wall Should Be Paid For," Committee for a Responsible Federal Budget, January 30, 201Summary of the Sequester Offset Solutions Plan, Committee for a Responsible Federal Budget, September 16, 2015..The car isn't washed..How far will your 2013 COLA go? What other options do we have to address Social Security's solvency? Take TSCL's 2013 Senior Survey!.While about 70% of Medicare beneficiaries will see no Medicare Part B increase in premiums this year, the legislation reduced monthly Part B premiums for the 30% of beneficiaries who faced the jump of 52%. That group, who are not protected by the Social Security "hold harmless" provision, will pay a base premium of 1.80 per month instead of an estimated 9 this year. Higher income beneficiaries who are not protected by hold harmless pay an additional surcharge on the base premium amount. The legislation also reduced an increase in the Part B deductible from a projected 3 to 6..Since that conversation inflation for certain items has jumped. In fact consumer price data indicate that the COLA for next year may be the highest since 2019, if the trends continue. My estimates about the COLA are based on the most current available data from the Bureau of Labor Statistics, for what it's worth..How can payroll taxes be withheld if illegals don't have a Social Security number?.The system, however, isn't estimated to be able to pay scheduled benefits in full for that long. The Social Security Trustees estimate that the Trust Funds will become fully insolvent by the end of 203When Trustees use the term insolvent that means the point at which all the extra revenues that were borrowed, now totaling more than .6 trillion, have run out, and there are no more IOUs held by the Trust Fund. Some people believe that, when the Trust Funds are exhausted, Social Security will be completely unable to pay benefits. But that's not the case..The survey found that rather than keep the Social Security status quo, 71% of respondents prefer the following package of changes:.The BPC released its own estimate of the impacts of a coronavirus recession on Social Security, projecting that it would accelerate the depletion of the trust fund from 2035 to 202Without any changes, a depletion of the Social Security trust fund would trigger program wide benefit cuts of 23%, as benefits adjust to the level of revenues still received by the program.

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plan covers it, every year. Case in point: Using the Medicare Drug Plan finder.Would a Higher Cost-of-Living-Adjustment in Social Security Make Me Ineligible for Medicaid?.what you will pay for it - and do this every year. If the drug is expensive, … Continued

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The panel discussed the following options for strengthening Social Security, among others: updating the benefit formula for low-income workers, modifying the annual cost-of-living adjustment to make it more accurate, increasing survivors' benefits, and creating caregiver credits for those who support aging parents. However, the focus of Wednesday's hearing seemed to be on addressing the insolvency of the Social Security Disability Insurance program..Yet even a "limited approach" like this one could create huge new long-term costs for Social Security and Medicare. Citizenship is not a requirement to claim Social Security benefits. Work authorization, like the type under discussion in the House, is all that immigrants would need to at some point file claims..In a letter to Congressman Jones, Ed Cates TSCL's Chairman wrote: "The Senior Citizens League lends its enthusiastic support and the support of its membership to the Social Security Guarantee Act … We salute you for introducing legislation that would make the Social Security program more fair and reliable, and we look forward to informing our members and supporters about your efforts." … Continued

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