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The 79th Anniversary Of Social Security, No Thanks To Republicans And Conservatives!

Ronald Leave a comment

Seventy nine years ago, on August 14, 1935, the US Congress passed into law the greatest social legislation in American history, Social Security.

Social Security was designed to give support to the elderly in their twilight years, as well as support for widows and orphans, and it has been massively successful!

This was all due to the Democratic Party and Franklin D. Roosevelt, as few Republicans and no conservatives supported the legislation.

While it is true that there were Republicans who supported improvements in Social Security over the years, the Republican Party of the present has been out to destroy Social Security by privatizing it, something George W. Bush promoted in 2005, and defeated, thankfully, as anyone who had Social Security benefits in the stock market in 2008 would have lost all or most of their benefits!

Social Security should NOT be privatized, and needs further reform, including raising the wages that are taxed from the present amount of $117,000 to include ALL wages, as if that occurred, there would never be a problem in funding Social Security benefits.

There is no good reason to avoid taxes on higher incomes, as they are also eligible for benefits, and the idea has been floated many times, and some day, when Democrats control both houses of Congress again, it needs to be enacted!

Meanwhile, Happy 79th Anniversary, Social Security!

Tom Harkin-Mark Begich Senate Bill On Social Security Longevity Essential To Become Law!

Ronald 17 Comments

Social Security, begun under Franklin D. Roosevelt’s New Deal in 1935, has been a life saver, a guarantee that senior citizens, widows, orphans, and the disabled will always have a safety net.

But with the number of people on Social Security rising rapidly as the Baby Boom Generation ages, there is a need to insure the long term future of the program, not only for people born between 1946 and 1964, but for all citizens who are paying into the program, and want to be insured that they will be able to collect when they reach retirement age, along with widows,orphans and the disabled.

So Senator Tom Harkin of Iowa and Senator Mark Begich of Alaska have proposed what others have suggested over the years, but has never happened.

That is, that there be no limit on income taxed for Social Security, just as there is no limit on income taxed for Medicare!

Presently, the income limit taxed is $113,700 in 2013, with the tax being 6.2 percent of income.

If the income limit taxed is withdrawn, there will be enough funding for Social Security for the long term future, and it is unfair that higher income earners have had a free break from being taxed, putting the burden on the lower income workers!

Additionally, the cost of living increases should be based on inflation reality, rather than the “chained CPI”, which distorts inflation on a lower level than costs which affect senior citizens!

If we do not treat the elderly and the disabled with respect and consideration, what kind of a nation are we, particularly for those who have limited ability to continue to earn income to stay out of poverty, particularly in a time of increased medical costs, high unemployment, and lower home equity for millions of people entering their “golden years”!

Obama Is Wrong To Compromise On Social Security And Medicare, But GOP Will Save Him With Their Obstinacy On Taxes!

Ronald 33 Comments

President Barack Obama is infuriating progressives and liberals and Democrats with his move to suggest cuts in Social Security benefits and Medicare, which will harm senior citizens and veterans and widows and the disabled.

Many forget that Social Security is fully funded for at lest 25 more years, and all that needs to be done is to tax all income, not just $112,000, the same as with Medicare which taxes all income. Raising the Social Security tax to all income will insure Social Security for the rest of the century! Cutting Cost of Living Allowances is immoral and reprehensible, when we allow corporations to gain government funding, which should never have happened at any time!

Medicare needs to insure that all will know that cost cutting should be on waste, overpricing, and fraud, but not on benefits to the elderly and the disabled.

A country that does not take care of its elderly, its disabled, its veterans, its poor, is a nation that has become morally and ethically corrupt!

But the Republican Party will save the day, because part of the deal that Obama is attempting will require increase in taxes on the wealthy and the corporations, and since they will never agree to any deal, it will take Obama and the nation off the hook!

A Day To Celebrate: 77th Anniversary Of Social Security Act Signed Into Law By Franklin D. Roosevelt!

Ronald Leave a comment

Today is indeed a day to celebrate, the 77th anniversary of the signing of the Social Security Act into law, in 1935, by President Franklin D. Roosevelt, his signature domestic accomplishment among many of his New Deal programs.

Social Security gave dignity to the elderly, to widows, to children and orphans of a deceased worker, and to the disabled and handicapped!

It gave a sense of security to people at vulnerable times in their lives, and it came decades after similar actions in Germany, Great Britain, and France, the other major industrialized nations!

It has worked very well, and is only seen as in trouble because the Social Security fund has been raided constantly by reckless Congresses!

The future of Social Security long term could be guaranteed by raising the limit of $110,000 income being taxed to be what Medicare is, an unlimited income being taxed!

Also, if unearned income was taxed as earned income is, it would have no problems for an eternity of time.

But the Republican Party, most members opposed at the time to the legislation,; then having Barry Goldwater in the 1960s wanting to destroy it; and now Mitt Romney and Paul Ryan continuing the assault, makes this election a battle to preserve this key to the social safety net, and to promote common decency toward those who depend on it, and have contributed to it over their work lives!

Franklin D. Roosevelt should be saluted for his great leadership in guaranteeing a dignified life to those who, at different times and situations in their lives, need protection from government. This is not something that churches and synagogues and charities could possibly provide on an adequate level!