Category: Social Security



“The most effective way to strengthen Social Security for the next 75 years is to eliminate the cap on the payroll tax on income above $250,000. Right now, someone who earns $110,100 pays the same amount of money into Social Security as a billionaire. That makes no sense,” said Vermont Senator Bernie Sanders, the chairman of the Defending Social Security Caucus. He also chairs the Senate aging subcommittee.

http://www.commondreams.org/headline/2012/04/24-2

Advertisements

When compared to other similar countries, retirement benefits in the United States are relatively modest. A report from CNBC took a closer look at retirement systems in numerous countries and found the U.S. to be performing lower than the average.  Retirees in the U.S. generally receive about 47 percent of their pre-retirement income on Social Security.  Similar programs in Europe and elsewhere generally pay about 68 percent of pre-retirement income.

In the 2011 Melbourne Mercer Global Pensions Index, the U.S. was given a middling grade of “C,” along with France, Singapore, Brazil, Poland and Germany.

http://crooksandliars.com/kenneth-quinnell/social-security-us-less-generous


Washington’s spending has recently been higher as a percentage of the nation’s economic output than at any time since World War II. But by the same measure, Washington’s revenues are the lowest in more than 60 years.

So does the U.S. have “a spending problem,” as Republicans keep repeating in the current debate over how to reduce the nation’s record deficits? Or is the problem that taxes are not high enough? Those questions frame a long-running partisan debate, and as usual we won’t offer an opinion one way or the other. But for those seeking their own answers, we can offer some fiscal history and factual context.

Some key facts we think are worth considering:

 

Fiscal FactCheck | FactCheck.org.


Marketing works. If you put a lot of money into repeating a marketing message over and over and over, eventually people’s brains absorb the message. Conservatives have put a lot of money and effort into convincing people that there is something wrong with Social Security, and that effort is paying off.

Today’s Social Security Propaganda Rebuttal Post | OurFuture.org.

%d bloggers like this: