Social Security COLA Increase for 2013: 1.7%

By: Tuesday October 16, 2012 9:35 am

Social Security beneficiaries will get a 1.7% cost of living adjustment in 2013.

The COLA is calculated by a measurement of inflation, which has risen slowly over the past year. However, the inflation calculation used currently, the Consumer Price Index for Wage Earners or CPI-W, may not take in the rise in cost of living for seniors, which most strongly depends on rising health care costs (a separate measure, the Consumer Price Index for the Elderly or CPI-E, accounts for this much better).

Raising Social Security Eligibility Age Is a Benefit Cut

By: Tuesday August 28, 2012 11:10 am

This recent AP/GfK poll on Social Security has gotten some attention, and I thought how it was worded needed to be addressed. The first question was fine. It ask if people would rather raise more taxes or cut benefits to improve the Social Security trust fund. A majority, 53 percent, said they prefer to raise taxes compared to just 36 percent who said cut benefits. The second question though was just terrible.

Hoyer Backpedals on Raising Eligibility Ages

By: Friday March 9, 2012 9:50 am

Steny Hoyer, talking to reporters, categorically denied that he ever suggested an increase in age eligibility for federal benefits. But there is documented evidence to the contrary.

Clyburn: Raising Social Security Retirement Age “Not Shared Sacrifice”

By: Friday August 26, 2011 8:00 am

James Clyburn (D-SC), a member of the Catfood Commission II, rejected increasing the Social Security retirement age yesterday, calling it an idea devised by “people who work in air conditioned offices” and unnecessarily punitive to laborers.

This is a reversal for Clyburn.

To Harm of Millions, Obama Wants to Raise Medicare Age Requirement

By: Tuesday July 12, 2011 6:17 am

It might seem like a small thing, that extra two years before Medicare eligibility, but the fact is it would hurt millions by costing them and their employers much more in health care premiums.

Joe Lieberman Wants to Increase Medicare Eligibility Age

By: Saturday June 11, 2011 4:00 pm

I’m so old I can remember when Lieberman wanted to expand Medicare. It was in 2009. He endorsed at that time a plan to lower the eligibility age for Medicare to 55 and allow people from 55 to 64 to buy into the program. Then he got wind that liberals liked that idea, and revoked his support, killing the idea when it was on the precipice of passing as part of the Affordable Care Act. Now, in this op-ed, he’s gone completely in the other direction, by endorsing a plan to “raise the Medicare eligibility age every year starting in 2014 by two months until it reaches 67 in 2025.”

Hoyer Continues to Keep Retirement Age Increase “On the Table”

By: Wednesday February 9, 2011 1:25 pm

It’s completely different to support raising the retirement age, which is mainly a benefit cut and an attack on workers in menial labor jobs who cannot hold out the way someone sitting at a desk can, than it is to “consider all options, including raising the age,” according to Hoyer. I’m not sure it’s so different, really.

Poll: Social Security Cuts Would Deeply Harm Electoral Fortunes of Obama, Democrats

By: Thursday January 20, 2011 11:45 am

The NBC poll is that the deficit is not nearly as important as job creation. And a separate poll from Celinda Lake shows that Social Security cuts would have a severely bad effect on the President’s electoral chances

Toxic Shock: Poll Confirms Social Security Cuts Are Still Political Third Rail

By: Friday November 19, 2010 5:22 pm

Cutting Social Security benefits, either directly or by raising the retirement age, is deeply unpopular. No Democrat should even entertain the notion, especially given that the trust fund currently solvent for the next two decades, and the public is clearly behind the more progressive alternative to dealing with any future shortfall.

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