Chief Actuary of Social Security: Republican Plan Would Slash Benefits

-
Speaker Pelosi pointed to three studies showing that the plan for Social Security preferred by Republicans – both privatization and progressive price indexing, a feature that the deficit commission has reportedly toyed with – would slash benefits for middle-income retirees.

Chief Actuary of Social Security: Republican Plan Would Slash Benefits
Blogged with the Flock Browser

Comments

Post a Comment

Popular posts from this blog

ThinkProgress » Fox News Sees ‘Violent’ ‘Union Thugs’ Attacking State Senator, But Senator Saw ‘A Lot Of Courteous People’

-
ThinkProgress » Fox News Sees ‘Violent’ ‘Union Thugs’ Attacking State Senator, But Senator Saw ‘A Lot Of Courteous People’ "Fox has been breathlessly hyping a video from Madison, WI supposedly showing “union thugs” attacking GOP state Sen. Glenn Grothman outside the Statehouse. In the video, protesters yell “shame” at Grothman as he enters the building, aided by Democratic State Rep. Brett Hulsey, who escorts Grothman through the crowd and reminds the protesters to be respectful of political opponents. The video is dramatic, but to Fox News, it’s downright terrifying. Fox & Friends host Brian Kilmeade saw a “violent” “angry mob,” while fellow Fox & Friends host Steve Doocy found the footage “absolutely scary.” Fox host Sean Hannity said while watching the “frightening” video that he was “concerned for this guy’s safety.” And contributor Michelle Malkin agreed, viewing the video as proof that “the rule of law has been supplanted by the rule of the mob.” But one key player ...
Read more

Money & Company

-
Image
Stock markets around the world are tumbling on fears that the global economy is falling precipitously and that U.S. and European lawmakers are unable to stop the bleeding. The market is at risk of the biggest weekly drop since the depths of the global financial crisis in 2008. As of 10:40 a.m. PST, the Dow Jones industrial average was down 425.22 points, or 3.8%, to 10,699.62. That followed a 2.5% drop on Wednesday. The Standard & Poor’s 500 index is off 39.09 points, or 3.4%, to 1,127.67. The U.S. declines followed sharp drops overnight in European and Asian markets, most of which fell about 5%. The worldwide sell-off followed the Federal Reserve's announcement Wednesday that it is rejiggering its holdings of Treasury bonds in its latest bid to spur the economy by lowering interest rates on everything from home mortgages to car loans. Many analysts doubt the Fed action will have any measurable effect, and investors were spooked by the Fed's bluntly worded a...
Read more

Florida GOP Takes Voter Suppression to a Brazen New Extreme | Ari Berman | Politics News | Rolling Stone

-
Image
Imagine this: a Republican governor in a crucial battleground state instructs his secretary of state to purge the voting rolls of hundreds of thousands of allegedly ineligible voters. The move disenfranchises thousands of legally registered voters, who happen to be overwhelmingly black and Hispanic Democrats. The number of voters prevented from casting a ballot exceeds the margin of victory in the razor-thin election, which ends up determining the next President of the United States. If this scenario sounds familiar, that’s because it happened in Florida in 2000. And twelve years later, just months before another presidential election, history is repeating itself. Back in 2000, 12,000 eligible voters – a number twenty-two times larger than George W. Bush’s 537 vote triumph over Al Gore – were wrongly identified as convicted felons and purged from the voting rolls in Florida, according to the Brennan Center for Justice. African Americans, who favored Gore over Bush by...
Read more