As the gap in life expectancy between the richest and poorest Americans continues to widen, now is the time to expand and strengthen Social Security, not cut it.Read More »
900 Rich Won’t Contribute to Social Security
While almost all working Americans will pay into Social Security through their paychecks throughout the year, the 900 wealthiest people in the country won’t. That’s because the highest-earning 0.0001 percent of the U.S. — many of them corporate CEOs — made $117,000 in the first two days of the year, which is the maximum annual income that is subject to Social …Read More »
America’s Retirement Deficit
Deck the halls, this holiday season, with scenes of hunger. Struggling families all across America now have less food on their tables. Budget cuts that kicked into effect November 1 have lowered the nation’s average federal food stamp benefit to less than $1.40 per person per meal. Austerity American-style is squeezing elsewhere as well, from Head Start for kids to Meals on …Read More »
Social Security: Grand Bargain or Raw Deal?
Following the government shutdown drama, politicians in Washington appear hopelessly divided, according to conventional wisdom. Fair enough. But there’s at least one area where many politicians from both of the major parties agree — and many of the TV talking heads and newspaper pontificators are with them, too. Social Security, they insist, “needs” to be cut. For the last …Read More »