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View Diary: New report: More seniors living in poverty, and they want to cut Social Security? (83 comments)

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  •  My understanding is that the chained CPI proposal (0+ / 0-)

    is paired with a substantial increase in the lower levels of base benefits.  It doesn't get much coverage and I may understand this wrong, but the analysis I read was that all SS benefits would be raised if they were below poverty level, by a fair margin.  Chaining CPI makes some sense then- slow the growth of COLAs because they're no longer desperately needed by the lower tiers of recipients and not significant for for those who don't depend on SS for survival.  I'm a fan if this is accurate info.

    I'm not looking for a love that will lift me up and carry me away. A love that will stroll alongside and make a few amusing comments will suffice.

    by I love OCD on Wed May 22, 2013 at 05:35:34 PM PDT

    •  The growth of COLAs (1+ / 0-)
      Recommended by:
      nchristine

      shouldn't be "slowed" for anyone. The COLA's purpose is to maintain living standards over time, and the ONLY consideration in setting it should be which formula is most accurate. Budget reduction shouldn't enter into it.

      Being above the poverty line doesn't mean you're flush. Many people well above it live very meagerly. Making them poorer and poorer as they age isn't anything we should be doing. Our Social Security benefits are already very low for a first world society.

      Cut the military. Raise taxes. We have other options.

      We decided to move the center farther to the right by starting the whole debate from a far-right position to begin with. - Former House Majority Leader Tom DeLay

      by denise b on Wed May 22, 2013 at 07:19:51 PM PDT

      [ Parent ]

      •  I guess I see it differently because (0+ / 0-)

        if I hit the poverty level I'll be living large.  I'm on SSD at the lowest tier because bi-polar disorder tends to undermine your earning capacity.  I'd take a tiny COLA cut, which is what this is, if I could start with enough money to live on monthly.

        I'm not looking for a love that will lift me up and carry me away. A love that will stroll alongside and make a few amusing comments will suffice.

        by I love OCD on Thu May 23, 2013 at 02:51:34 PM PDT

        [ Parent ]

    •  H (0+ / 0-)

      Commission Proposal entitled 'The Moment Of Truth.'

      What the Commission Co-Chairs Bowles and Simpson NEVER MENTION about this benefit, is the fact that it is for low-wage full-career workers.

      So you have to meet the criteria both for very 'low wages,' and have a minimum of thirty (30) years 'solid' work history to qualify.
      And CBO's on analysis of this benefit is that it will apply to only a minority of low wage folks.
      That is because statistically, the folks who are low income enough to meet the 'income test,' most often DON"T MEET THE WORK REQUIREMENT FOR THE FULL BENEFIT.
      And that's not to 'trash' low income foks.  It is just a fact that they often have so many obstacles--such as 'clunkers' for vehicles, or no vehicle at all, problems with affording child care, etc.--that they often have difficulty holding a steady job.

      Therefore, many won't qualify because they lack a solid thirty (30) year work record.

      It appears to me that this benefit is really a bit of 'window dressing.'

      It gives the Fiscal Commission and the Administration something to 'tout,' as though they are being very humane as they proceed to cut our social insurance programs.

      When in fact, for the reasons that I just cited, they are very misleading in both substance and rhetoric, regarding this benefit.

      Mollie

      "Only he who can see the invisible, can do the impossible."-- Frank L. Gaines


      hiddennplainsight

      by musiccitymollie on Fri May 24, 2013 at 10:06:05 PM PDT

      [ Parent ]

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