Obama Social Security

A key reason that it's relatively easy to scaremonger about predictions regarding Social Security's finances decades in the future is that the language often used to talk about Social Security's finances isn't immediately comparable to anything else that most people can relate to.

When the trustees of the Social Security and Medicare programs release their annual reports, one of the first thing folks look for is whether the life of the trust funds that finance these retirement security programs have been extended or reduced. Well, the reports came out on Monday, and the key takeaway from where I sit is that these remain critically important programs whose future can and should be ensured by policy actions designed to enable both programs to continue to provide retirement security for generations to come. As with so much else in our fiscal and economic landscape these days, the best thing to do in the near term is everything we can to get the recession behind us and get back on a stronger growth path.

WASHINGTON -- President Barack Obama signed the payroll tax cut extension into law Wednesday, notching an election-year victory and rare bipartisan ag...

At the Conservative Political Action Conference (CPAC) this past Friday, few were pleased to hear Mitt Romney's plans to cut Social Security and Medicare.

WASHINGTON -- Jilted by Republican leadership during the deficit-reduction talks that accompanied the debt ceiling debate, the Obama administration is...

WASHINGTON -- Some Social Security advocates fear that President Barack Obama's desire to cut taxes supporting the program will undermine its vaunted ...

But how can drastic action be necessary when the Social Security trust fund reportedly has over $2.4 trillion in it at present? This is a misleading sleight-of-hand. Here is how.

Martin Feldstein makes it sound as if Social Security is doomed to failure by demographic changes. But that's far from the case. A series of modest changes, which have wide support, would assure Social Security's future.

I am one of those people whose Social Security check may not arrive in August, because the government has decided to debate whether they want to pay their bills. And if my check doesn't come, I won't be able to pay my rent.

With Republicans drawing more lines in the sand against closing a single tax loophole, Obama responded in his Monday press conference by offering up even bigger concessions on key Democratic values.

President Barack Obama told CBS News' Scott Pelley Tuesday that he cannot guarantee that Social Security checks will go out as planned if Democrats an...

WASHINGTON -- The Obama administration is pushing back against a Wednesday night report that the president is prepared to offer cuts to Social Securit...

How much worse would it be if Medicare didn't exist -- or was destroyed in order to save it, along the lines of the House Republican plan to voucherize it? The burden on working households would become intolerable.

Trimming Social Security benefits by tens of billions of dollars would mean a big hit to the income of thousands of businesses from whom beneficiaries purchase goods and services.

To cut costs you need to trim the big ticket items. Unfortunately, serious discussions about the budget and dramatic actions aren't going to raise re-election coffers or make politicians popular.

WASHINGTON -- Lost amid the budget battles in Congress and the anti-union legislation being considered in several states has been the White House's de...

Deficit hawks are proclaiming Social Security one of the big entitlements that has to be cut in order to reduce the budget deficit. But this is all baloney.

People who want to cut Social Security benefits to lower future budget deficits are "reasonable" and "serious." People who oppose balancing the budget on the back of Social Security recipients, on the other hand, are "maddening," "crackpot," and "strident."

WASHINGTON -- Perhaps the one element of President Obama's budget proposal that pleased progressives the most was the one that didn't actually make it...

In the global economy, the only "asset" that's unique to any nation -- and that determines its living standard -- is the people who comprise it. Hopefully the president will touch on this Tuesday night.

After months of behind-the-scenes scrimmaging, President Barack Obama has decided not to endorse cutting Social Security or raising the retirement age...