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CousinIT

(9,251 posts)
Fri Aug 16, 2019, 12:11 PM Aug 2019

On Social Security's 84th Birthday, New Reports Show Importance of Expanding Benefits

https://socialsecurityworks.org/2019/08/14/social-security-84th-birthday/

NOTE: AUGUST 14TH WAS THE 84TH ANNIVERSARY OF THE DAY SOCIAL SECURITY WAS SIGNED INTO LAW BY FDR

(Washington, DC) — Today is the 84th anniversary of President Franklin D. Roosevelt signing the Social Security Act into law on August 14th, 1935.

To mark the anniversary, Social Security Works has released a series of reports showing how important Social Security is to beneficiaries in all 50 states, the District of Columbia and US territories. To view the reports, go to: https://socialsecurityworks.org/2019/08/12/social-security-works-for-america-2019/

“Today marks 84 years of success for our nation’s Social Security system. As our reports show, Social Security is an essential protection for nearly 63 million Americans including veterans, children, people with disabilities, seniors, and many others.

They receive $941.3 billion in benefits, much of which is spent in their local communities. Social Security is the lifeblood of many small businesses, always present and always supporting jobs that stay in America.

The Social Security 2100 Act, which is co-sponsored by 210 House Democrats, protects and expands Social Security’s modest benefits. Nearly every Democrat running for President also supports expanding, not cutting, Social Security’s modest benefits.

Unfortunately, not a single House Republican has co-sponsored the Social Security 2100 Act. They’ve also refused to release a plan of their own, indicating that their actual plan is to allow benefits to be automatically cut by 20 percent due to a projected shortfall around the year 2035.


RELATED: https://www.democraticunderground.com/100212384140
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On Social Security's 84th Birthday, New Reports Show Importance of Expanding Benefits (Original Post) CousinIT Aug 2019 OP
Because Repugs ONLY want the lower working class carrying all the weight......... Bengus81 Aug 2019 #1
That's what it should be -- or removed completely. n/t CousinIT Aug 2019 #2
I'm for romoving it completely. virgogal Aug 2019 #3
ss screws women. mopinko Aug 2019 #4

Bengus81

(6,932 posts)
1. Because Repugs ONLY want the lower working class carrying all the weight.........
Fri Aug 16, 2019, 12:19 PM
Aug 2019

With that RIDICULOUS cutoff of $132K in income per year. Dems want to bump it up to over $400k per year which would add MILLIONS of $$$$ to the SS coffers.

mopinko

(70,158 posts)
4. ss screws women.
Fri Aug 16, 2019, 01:11 PM
Aug 2019

we really need some kind of credits for caregivers.
i spent most of my life as a full time mom. i have some credits of my own, but my ex paid the max for years and years.
so that is where my retirement lays.

but.
i am divorced now, and i cant get the spousal bennies until i am 68, because he is younger than i.
that isnt so bad, but i cannot remarry, even if i wanted to, because i will lose my benefits. i wrote it into my divorce that remarriage would not affect my maintenance, but cant do that w the feds.

the other side of the coin is no better.
2 income couples where the lower income, usually the wife's, goes down a black hole.

i wonder how much these sunken wages support the system.

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