fiscal cliff

Why Inflation Matters for Social Security

Posted on 12/13/2012 by |Social Security | Comments

Bulletin Today | PoliticsOne of Social Security’s great strengths is that it offers meaningful protection against inflation. Each year, the program considers how prices are rising [as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers]. If prices go up, the Social Security benefits people have earned tend to be adjusted as well. For a typical household, this protection is huge – a point I tried to emphasize in my book, “Social Security for Dummies.” It helps people keep …

Changing Medicare Eligibility: Where’s the Savings?

Posted on 12/12/2012 by |Washington Watch | Comments

Bulletin Today | PoliticsIf Medicare stops offering coverage for 65- and 66-year-olds, who picks up the tab? As Congress and the White House debate the menu for a new fiscal diet, raising the Medicare eligibility age to 67 is a favorite dish for some. And it’s certainly a favorite topic for Washington journalists, interest groups and opinion makers to dish on these days. The change would save the Medicare program 5 percent over the next 20 years, according to a Congressional Budget Office …

Generational Warfare Finds a New Dance Step

Posted on 12/6/2012 by |Washington Watch | Comments

Bulletin Today | PoliticsPartisan warfare and class warfare, move over. Generational warfare is back … well, at least tongue-in-cheek needling is. And who better to lead the charge for the 20- and 30-somethings than a cranky octogenarian? That would be Alan Simpson, former U.S. senator and co-chair of President Obama’s bipartisan debt commission. He appears in a new video to help a group called The Can Kicks Back draw attention to its cause: reducing the $16.3 trillion federal debt that the millennial generation …

The Fiscal Cliff and Health Care: 6 Big Questions — and Answers

Posted on 12/5/2012 by |Health | Comments

Bulletin Today | Personal HealthBy Mary Agnes Carey, Senior Correspondent, Kaiser Health News The impending “fiscal cliff” is a package of automatic spending cuts and tax hikes set to kick in next month unless President Barack Obama and Capitol Hill agree on a way to stop them. Negotiations to avert the cuts are ongoing and both sides have exchanged offers. The president and congressional Democrats have said they will reduce spending on entitlements, including Medicare, if Republicans will agree to increase tax rates on …

Digging Deeper on Changes to the Social Security COLA

Posted on 12/1/2012 by |AARP Blog Author | Comments

PoliticsNo one with any common sense wants to see our politicians take us over the fiscal cliff. And I think most people with common sense also realize that Social Security, and the tougher issue of Medicare, are worth thoughtful debate and discussion so these vital programs can be put on stronger footing for future generations. However, when budget cutters take aim at today’s Social Security recipients, it’s time to ask questions and dig deeper into the fine print. A proposal …

Take My Fiscal Cliff, Please . . .

Posted on 11/30/2012 by |Washington Watch | Comments

Bulletin Today | PoliticsThe national debt already amounts to more than $50,000 for every American. The shaky economy could plunge into a new recession if taxes go up at the first of the year. Families could see their paychecks shrink. And programs throughout the federal government will take a whack from automatic spending cuts that go into effect if Congress and the White House can’t reach a “fiscal cliff” deal. That means it’s time to self-medicate with a dose of laughter. Comedy Central’s …