Archive | September, 2007

Bush Administration Considers Benefit, Pension Cuts

The Bush administration said in a new report Monday that Social Security, the U.S. public pension system, is facing a $13.6 trillion (¤9.6 trillion) shortfall and that delaying needed reforms is not fair to younger workers. A report issued by the Treasury Department said that some combination of benefit cuts and tax increases will need […]

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No Bank Seizure of Social Security Funds

Debt collectors went after her, sending her bank a court order to freeze her account. She couldn’t buy groceries and the bank charged her $150 a processing fee to freeze the account. “When they placed a lien on your account, what did you think?” Pinkston asked. “Well, first I got very angry, because I didn’t […]

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Reasons for Unprecedented Backlogs

The number of workers qualifying for disability has doubled in recent years, despite the fact that Americans today are healthier and living longer than previous generations. In 1985, 3.9 million Americans received a Social Security disability benefit; 20 years later the number exceeded 8 million. The system is now so backlogged that in some parts […]

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Self Employed? Be Sure You’re Paying into Social Security!

From the Providence RI Journal: Are you self-employed? If so, make sure you accurately report all your earnings on your federal income-tax return, and file those returns on time. Otherwise, you may not qualify for Social Security benefits later on. That’s because the Social Security Administration looks to your federal income-tax returns to find out […]

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“The System is Disabled”

The Charlotte Observer concludes a long investigative reporting series with an editorial which concludes: “Here’s what it means when there are unacceptably long waits for benefits: Many North Carolinians who are sick, injured or mentally ill lose their homes, fall into bankruptcy or go without medicine awaiting disability payments. Some die before their cases are […]

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