According to a news report we've seen, groups that support President Trump are urging him to take a "hard look at mandatory spending, the root cause of the United States' fiscal woes." And when they say "mandatory spending" they are talking about Social Security and Medicare..President Barak Obama included a proposal in his fiscal year 2014 budget that would have reduced Social Security benefits by using the more slowly-growing chained consumer price index to calculate the Social Security cost-of-living adjustment. An estimate produced for TSCL projects that "chaining the COLA" would cut Social Security benefits by about 9% over a 30-year retirement. Although the proposal has been under discussion for several years, it has not passed, primarily due to fierce resistance from older voters..Last week was a busy one in Congress. There are 3 reasons for that. First, the worsening of the coronavirus pandemic in many more states and the need to pass another major piece of legislation to deal with its effects..I have absolutely NO idea what I did with the car keys..The place to start learning more about your retirement or survivors options is the Social Security website, but don't stop there. If you have a retirement account, ask your financial advisor if Social Security benefit planning services are offered..In addition, The Senior Citizens League believes that an extension of the tax holiday could make a permanent cut more likely, further jeopardizing the program's ability to fully pay Social Security benefits in the future..Why is this important for TSCL supporters?.Democrats want to be able to pass President Biden's economic stimulus/COVID-19 relief bill, but it is highly unlikely they could get 10 Republicans to vote for the bill..So far there's been little discussion on how to fix the disability program. Congress and President Obama have debated reducing cost-of-living adjustments that would reduce the growth in benefits of all Social Security recipients. There has also been debate over raising the eligibility age, and other changes affecting the retirement program.

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Suppose, for example, that an illegal immigrant works for 13 years under an invalid Social Security number, but then gains legal status and works another 22 years under a valid Social Security number. The earnings under the invalid SSN are reinstated under the new work-authorized Social Security number because the individual kept W2s. Thirteen years of earnings would be more than enough to become qualified for Social Security. In this case, 13 years of illegal work would form one-third of the earnings that are used to determine the individual's basic Social Security benefit. This scenario isn't as unlikely as you might think. A major national pro-immigration reform advocacy organization counsels "undocumented" workers to save their pay stubs and W2s "in case their legal status changes.".Alexandria, VA leading proposal to temporarily fix the looming insolvency of the Social Security disability trust fund by reallocating payroll taxes has virtually no support among seniors, according to a new poll by The Senior Citizens League. Less than one percent of seniors polled said shifting revenues from the Social Security retirement trust fund to pay disability benefits was the best way to fix the disability program's financing. "TSCL believes this 'band aid' approach will not be quietly tolerated this time around," says TSCL Chairman Ed Cates. "Today's senior voters have clear preferences for how they think lawmakers should address the disability program's funding shortfalls - reallocation of payroll taxes from the trust fund that pays retirement benefits is not one of them," Cates states..Over the past decade, there has been no COLA at all three times - in 2010, 2011, and 201In 2017 the COLA was just 0.03%. The 2021 COLA of 1.3% is one of the lowest COLAs ever paid. TSCL feels this is a clear sign that the inflation adjustment for Social Security benefits is failing the very people it was designed to protect. … Continued

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"We continue to see this as a critical public health tool," CDC Director Robert Redfield said. Responding to questions about large public gathers of unmasked people, he stated that, "obviously we're very concerned that our public health message isn't resonating.".TSCL Supports New Anti-Fraud Bill.To learn how much COLA cuts would cost you, try TSCL's Chained COLA calculator. … Continued

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