SeniorJournal.com - Daily News & Information for Senior Citizens and Baby Boomers

Front Page        Search         Contact Us         Advertise in Senior Journal



Senior Journal: Today's News and Information for Senior Citizens & Baby Boomers

More Senior Citizen News and Information Than Any Other Source - SeniorJournal.com

Ovarian Cancer Linked to Talcum Powder - Free Lawsuit Consultation - Talcum Powder Lawsuit Center (Paid. Adv.)

• Go to more on Politics for Senior Citizens or More Senior News on the Front Page

   

E-mail this page to a friend!

Senior Citizen Politics

Republicans Block $250 for Senior Citizens to Replace Lack of Social Security Hike in 2011

Also other action reduces income to Social Security Trust Fund by $120 billion

Dec. 9, 2010 – Republicans jumped at the chance to allow the richest people in the United States to keep a tax cut that will cost the taxpayers about $70 billion a year, then stomped on efforts to give senior citizens $250 in 2011 to compensate for the lack of a cost-of-living increase in Social Security. Only 26 Republicans joined 228 Democrats in the failed effort in the House to pass H.R. 5987.

 

Related Stories

 
 

Speaker Pelosi Backs $250 Payment to Senior Citizens, Veterans if No COLA for 2011

Senior Protection Act by Rep. Earl Pomeroy still in committee; President Obama has backed $250 payment for seniors - Oct. 15, 2010


Now Official Senior Citizens Will Not Get COLA Increase for 2011; $250 Check, Maybe

Medicare law has “hold harmless” provision protecting 70% on Social Security from paying a higher Part B premium, which could cause many to receive less than 2010

Oct. 15, 2010


Social Security Will Not Have COLA Increase in 2011; No Surprise but Official This Friday

Senior citizens doing better than most since recession; See below - history of COLAs, Social Security Q&A, related links

Oct. 11, 2010


Social Security Trustees Report Long-Range Financing Outlook Remains Unchanged

Trust Funds exhausted in 2037, same as projected last year; enter red ink in 2015

Aug. 6, 2010


Social Security Can Be Fixed with Just Modest Changes: Senate Committee on Aging

Chairman Kohl sends to Congress various options committee found for consideration

May 18, 2010


Declining Social Security Benefits Keeping Older Men In Workforce, Study Finds

 

 
 

David Blau

 

‘Older individuals don’t get the same level of Social Security benefits when they retire as they once did’

May 4, 2010


Social Security Makes It Official: No COLA Increase for Seniors in 2010 Due to No Inflation

SSA calls for passage of $250 payment to each senior citizen as recommended by President Obama

Oct. 15, 2009


Senior Citizens May Not Get Social Security COLA for Years Says Kaiser Medicare Brief

No Social Security increase also means higher Medicare Part B fees for many seniors says the analysis

June 29, 2009


Sen. Kohl to Offer Senate Aging Committee as Repository for Social Security Reform Ideas

Chairman will make this announcement at hearing Wednesday on Social Security

June 15, 2009


Bad News: Social Security Going into Red One Year Sooner; Good News: Part of Problem is We Live Longer

Social Security Trustees issue annual report on financial health of trust funds; feeling impact of economic downturn

May 12, 2009


Read more on
> Politics for Senior Citizens
> Medicare
> Medicare Drug Program

 

Later the Republicans in the Senate used their usual weapon of stopping debate to halt a vote on the Social Security supplement. Democrats needed seven more votes as their effort failed by a vote of 53-45.

 “… it’s hard for my constituents to believe this country can’t afford to help those who need help the most, when they see billion of dollars of tax benefits going to those who have the most,” said Congressman Gregorio Kilili Camacho Sablan.

“Seniors did not cause the near meltdown of the economy that occurred in the last days of the prior Administration, yet too many are still feeling the brunt of its fallout,” said Earl Pomeroy (D-ND), when in introduced the bill in July.

“The failed economic policies of the prior Administration left the nation in such a deep recession that, for the first time since automatic COLAs began in 1975, recipients of Social Security, Supplemental Security Income, Veterans Administration Pension and Disability Compensation, and Railroad Retirement benefits did not receive a COLA in January of this year.

House Vote to Provide Seniors $250 in 2011 Due to No COLA

 

Yes

No

Not
Voting

Democratic

228

12

15

Republican

26

141

12

TOTALS

254

153

27

“Social Security benefit levels are quite modest--only $14,000 a year for the average retiree. Yet, the median income for senior households is a mere $24,000, reflecting just how much Social Security means to most elderly Americans. Six in ten seniors rely on Social Security for more than half of their income. About a third of retirees have little other than Social Security to live on.”

“The cruel irony of Washington’s priorities continues to hit home for America’s seniors, said Barbara B. Kennelly, President of the National Committee to Preserve Social Security and Medicare. 

“While Congress and the White House negotiate a tax deal which extends trillions of dollars of tax cuts for wealthy Americans, today we’re told that providing $250 for America’s seniors and their families is considered too generous.

No cost of living increase for two years in a row – no one-time relief for seniors – and promises of benefit cuts ahead.  It’s no wonder so many middle-class seniors’ and their families feel such a disconnect with some in Washington.”

“This legislation is critical to our seniors and is fiscally responsible, but unfortunately, congressional Republicans overwhelmingly chose to oppose it, said House Speaker Nancy Pelosi after House Republicans refused to support the Seniors Protection Act.

“While Democrats maintain a strong record protecting, upholding, and strengthening Social Security, Republicans continue to advocate risky schemes to privatize it and cut benefits.  America’s seniors deserve better.”

The Associated Press says, “…most Republicans contended that the nation couldn't afford the estimated $14 billion cost of the payment, and that the COLA freezes in 2010 and 2011 come after seniors received a significant boost in 2009.”

Another Hit for Social Security

Social Security, too, took a hit in the Republican led efforts motivated by their desire to maintain the “Bush tax cuts,” which help the wealthiest Americans pay much less in taxes.

In a move to reduce payroll taxes yesterday, the Social Security Trust Fund, already paying out more than in takes in, will lose $120 billion more.

U.S.A. Today reports that although this lost money will be replaced by government IOUS, “…by 2037 the trust fund would lack the assets needed to pay all the benefits promised to Americans 67 and up, requiring an immediate 22% benefit reduction.

"Even though Social Security contributed nothing to the current economic crisis, it has been bartered in a deal that provides deficit-busting tax cuts for the wealthy," said the NCPSSM’s Kennelly.

 "Diverting $120 billion in Social Security contributions for a so-called 'tax holiday' may sound like a good deal for workers now, but it's bad business for the program that a majority of middle-class seniors will rely upon in the future." 

>> Click to roll call vote results showing how each Congressman voted.

>> Click to Associated Press report.

 

Search for more about this topic on SeniorJournal.com

Google Web SeniorJournal.com

Keep up with the latest news for senior citizens, baby boomers

 

Click to More Senior News on the Front Page

Copyright: SeniorJournal.com

    

 

Published by New Tech Media - www.NewTechMedia.com

Other New Tech Media sites include CaroleSutherland.com, BethJanicek.com, SASeniors.com, DrugDanger.com, etc.