Welfare

Fiscal Cliff Update: President Obama Agrees to Future Cuts in Cost-Of-Living Social Security Increases

December 20, 2012

“The president wants lower-income recipients to receive protection against any loss from scaling back future cost-of-living increases, these officials said.”

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President Obama and House Speaker Boehner Discussing a $2 Trillion Framework for Fiscal Cliff Negotiations

December 17, 2012

“President Obama and House Speaker Boehner are discussing a $2 trillion framework on a deal to avert the fiscal cliff, that would include roughly a trillion in tax increases and roughly a trillion in savings from entitlement programs.”

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Report: House Speaker John Boehner (R-OH) and President Obama remain “far apart” on Fiscal Cliff Entitlement Cuts

December 17, 2012

“The Ohio Republican purportedly tried to sweeten the proposal with an offer to delay a fight over the U.S. debt limit for another year, multiple news outlets reported Sunday night.”

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House Speaker John Boehner concedes allowing Tax Rates to rise for the wealthiest Americans in exchange for major entitlement cuts

December 16, 2012

“Boehner suggested hiking the Bush-era tax rates for top wage earners, including those with annual incomes of $1 million or more annually, beginning Jan. 1, two sources said.”

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Newark Mayor Cory Booker (D) Raising Awareness By Living On $30 in Food Stamps For One Week

December 4, 2012

“His challenge is to live for a week on the $4-or-so per day average that New Jersey food stamp recipients receive.”

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Democratic Rep. Steny Hoyer (MD): Everything including cuts to Social Security and Medicare “should remain on the table”

December 4, 2012

“Hoyer, the Democratic whip, warned that taking those things off the table is a bad place to start the negotiations. Such entrenched positions are little different, he said, than the Republicans’ refusal to consider hikes in tax rates.”

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University of Texas Economist James Galbraith: Retirement Age Should Be Lowered (At Least Temporarily)

November 30, 2012

“The idea would be to ease pressure on the labor market with the unemployment rate at 7.9 percent, Galbraith tells Business Insider. In additions, retirees would get access to income earlier.”

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Congressional Budget Office: Extending Unemployment Benefits for 1 Year would increase GDP by 1.1%

November 30, 2012

“For the three options involving extensions for an entire year—Options 1, 2, and 4—economic output would be $1.10 higher per dollar of budgetary cost, on average, in 2013, CBO estimates.”

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Congressional Democrats pushing for a 10-20 delay on Entitlement Spending Cuts in the Fiscal Cliff Negotiations

November 29, 2012

““A lot of the big entitlement savings comes in the 10-20 year budget window, not the next 10 years,” a Democratic aide said. “Everybody will need to get on board understanding that. Paul Ryan and the Obama budget are the same on health cuts for the next 10 years.””

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Democratic Senator Dick Durbin (IL): We could see $400 Billion in Entitlement Spending Cuts

November 29, 2012

“That’s the floor, according to Democratic aides, and it could go higher in the final give and take.”

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Details of U.S. Fiscal Cliff Talks between the White House and Congressional Republicans

November 29, 2012

“Cut through the fog, and here’s what to expect: Taxes will go up just shy of $1.2 trillion — the middle ground of what President Barack Obama wants and what Republicans say they could stomach.”

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70% of U.S. Counties with the highest increases in Food Stamps over the last four years voted Republican in 2008

November 5, 2012

“Mark Baisley, who heads Douglas County’s Republican Party, said many recipients will back Romney in hopes he’ll improve the economy.”

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U.S. Social Security Benefits to increase by 1.7% in 2013

October 16, 2012

“The increase was announced Tuesday when the government released a key measure of inflation, which determines the size of an annual cost-of-living adjustment, or COLA, for people who receive Social Security benefits.”

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Study: $1.2 Trillion Deficit in American Public Pensions

October 16, 2012

“The pension systems reported a median funding level of 75.1 percent. The study by the actuarial firm Milliman, which used different ways to value assets and measure liabilities, finds an aggregate level of funding of 67.8 percent.”

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Social Security Annual Benefit Boost expected between 1 to 2% in 2013, the lowest increase since 1975

October 15, 2012

“Monthly benefits for retired workers now average $1,237, meaning the typical retiree can expect a raise of between $12 and $24 a month.”

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