AARP expects Social Security benefit cuts

by Jen Fri Jun 17, 2011 7:21 pm

AARP expects Social Security benefit cuts

http://money.cnn.com/2011/06/17/news/economy/aarp_social_security/index.htm

NEW YORK (CNNMoney) -- The AARP said Friday it expects Social
Security benefit cuts to be part of a package to make the program
solvent for the long run.To hear the AARP tell it, that's been its position all along. But to deficit hawks and Social Security advocates, it's big news.

They have changed their stance on this issue. Evil or Very Mad

by requete' Fri Jun 17, 2011 7:34 pm

More Right-Wing Propaganda! Notice their article was not written by an AARP writer, nor published by AARP. I am a long standing Member of AARP and receive their monthly bulletin and magazine religiously . And, I subscribe to their daily e-mail alerts as well. No mention of this in any of them. More scare tactics designed to keep senior citizens confused and frustrated! CNN is a Right-Wing Spin Mill !!!

by Jen Fri Jun 17, 2011 7:37 pm

requete' wrote:More Right-Wing Propaganda! Notice their article was not written by an AARP writer, nor published by AARP. I am a long standing Member of AARP and receive their monthly bulletin and magazine religiously . No mention of this in any of them. More scare tactics designed to keep senior citizens confused and frustrated! CNN is a Right-Wing Spin Mill !!!

I don't know. What about this quote? It sounds bad.
"It's AARP's belief that at the end of the day there will be a package
that affects both the benefit and the revenue side," David Certner, the
group's legislative policy director, told CNNMoney.

CNN is a Right-Wing Spin Mill !!!

I know they are and it's funny that the Fox News crowd calls CNN "liberal media." They couldn't be farther from liberal. CNN does sometimes spin things to try to make Obama look good but, there's nothing liberal about that or about Obama, in my opinion.

by requete' Fri Jun 17, 2011 7:43 pm

As of now all I can say, it's hearsay. I get daily e-mail alerts from AARP. Nothing about this has been mentioned!

by Phillymg Fri Jun 17, 2011 7:48 pm

IN 1986 CONGRESS PASSED A LAW THAT *INCREASED* THE REIREMENT AGE FOR THOSE BORN IN THE YEAR 1960 AND BELOW. AT THAT TIME CONGRESS *KNEW* THAT AROUND 2011 IT WOULD HAVE TO *REVISIT* SOCIAL SECURITY & UPDATE THE LAW TO RAISE THE RETIREMENT AGE FOR PERSONS BORN IN THE YEAR 1961 & AFTER. THE FOLLOWING IS THE PROPOSAL OF THE DEFICIT COMMISSION TO RAISE THE AGE REQUIREMENTS IN A FAIR WAY.

1954 66
1955 66 + 2mos
1956 66 + 4 mos
1957 66 + 6 mos
1958 66 + 8 mos
1959 66 + 10 mos
1960 67
…………………….THE NEW LAW WOULD AFFECT THOSE BORN 1961 TO 2007.
1961 67 + 1 mo
1962 67 + 1 mos
1963 67 + 2 mos
1964 67 + 2 mos
1965 67 + 3 mos
1966 67 + 3 mos
1967 67 + 4 mos
1968 67 + 4 mos
1969 67 + 5 mos
1970 67 + 5 mos
1971 67 + 6 mos
1972 67 + 6 mos
1973 67 + 7 mos
1974 67 + 7 mos
1975 67 + 8 mos
1976 67 + 8 mos
1977 67 + 9 mos
1978 67 + 9 mos
1979 67 + 10 mos
1980 67 + 10 mos
1981 67 + 11 mos
1982 67 + 11 mos…………………….this will be the year 2050
1983 68
1984 68
1985 68 + 1 mos
1986 68 + 1 mos
1987 68 + 2 mos
1988 68 + 2 mos
1989 68 + 3 mos
1990 68 + 3 mos
1991 68 + 4 mos
1992 68 + 4 mos
1993 68 + 5 mos
1994 68 + 5 mos
1995 68 + 6 mos
1996 68 + 6 mos
1997 68 + 7 mos
1998 68 + 7 mos
1999 68 + 8 mos
2000 68 + 8 mos
2001 68 + 9 mos
2002 68 + 9 mos
2003 68 + 10 mos
2004 68 + 10 mos
2005 68 + 11 mos
2006 68 + 11 mos…………………….this will be the year 2075
2007 69

The Bowles-Simpson commission proposed this change & making well-to-do Americans pay SS taxes on more of their income. They also proposed allowing manual laborers apply for full SS benefits at age 62.

by requete' Fri Jun 17, 2011 9:39 pm

AARP just got slammed for making that report. See copy of that article below.

AARP slammed for not fighting Social Security cuts

STEPHEN OHLEMACHER

From Associated Press

June 17, 2011 8:37 PM EDT

WASHINGTON (AP) — AARP, the powerful lobby for older
Americans, was hammered Friday by fellow activists for refusing to
oppose any and all cuts to Social Security benefits, a position the
group says it has long held as a way to extend the life of the massive
retirement and disability program.
The group, which has 37 million Americans as members, adamantly
opposes cutting Social Security benefits to help reduce the federal
budget deficit, said David Certner, the organization's director of
legislative policy. But for years AARP has acknowledged that cuts to
future benefits may be necessary to improve the program's finances, he
said.

"Our policy for decades has always been that we
basically support a package that would include revenue enhancements and
benefit adjustments to get Social Security to long-term solvency,"
Certner said. "That has been our policy stated over and over again for, I
mean, literally it has to be two decades, now."
However, the issue gained major notice Friday as White House and
congressional leaders continued to negotiate ways to reduce government
red ink. Social Security has not been a part of those talks. Instead,
negotiators have focused on potential cuts to Medicare, the government
health insurance program for older Americans.
In the midst of that, The Wall Street Journal quoted AARP's longtime
policy chief, John Rother, saying the agency was dropping its
longstanding opposition to cutting Social Security benefits.
"The ship was sailing. I wanted to be at the wheel when that happens," The Journal quoted Rother as saying.
Certner said the story was inaccurate, that AARP's views were long
held. Nevertheless, the story set off a firestorm among Social Security
advocates, who roundly criticized AARP as selling out seniors. Most
advocacy groups oppose all cuts to Social Security benefits, even those
that would affect only future generations, such as an increase in the
retirement age.
"AARP is losing the confidence of seniors around the country, and not
just seniors but people of every age group," said Max Richtman, acting
CEO of the National Committee to Preserve Social Security and Medicare.
"I hope the ship that he wants to be steer isn't the Titanic filled with
seniors."
Ed Coyle, executive director of the Alliance for Retired Americans,
said, "AARP does not speak for all seniors, and on this topic probably
not many of their own members."
Eric Kingson, co-chair of the Strengthen Social Security Campaign, a
coalition of about 300 groups, accused AARP of trying to win an
influential seat at the negotiating table when lawmakers tackle Social
Security.
"AARP is positioning itself as an inside dealmaker that's open to
benefit cuts when in fact it should be educating the public about the
need to selectively improve the one economic security retirement
institution that works quite well," Kingson said. "Even if one believes
that some ground may have to be ceded on Social Security, it's terrible
negotiation strategy to signal a willingness to compromise before
negotiations are joined."
Rother was traveling Friday and unavailable for comment, said AARP
spokeswoman Mary Liz Burns. Instead, AARP made Certner available for
numerous interviews and released a statement by CEO A. Barry Rand.
"Let me be clear — AARP is as committed as we've ever been to
fighting to protect Social Security for today's seniors and
strengthening it for future generations," Rand said in the statement.
"Contrary to the misleading characterization in a recent media story,
AARP has not changed its position on Social Security."
"Our focus has always been on the human impact of changes, not just
the budget tables," Rand added. "We have maintained for years — to our
members, the media and elected officials — that long-term solvency is
key to protecting and strengthening Social Security for all generations,
and we have urged elected officials in Washington to address the
program's long-term challenges in a way that's fair for all
generations."
Social Security's finances face long-term problems because the
massive retirement and disability system is being hit by a wave of
retiring baby boomers. Last year, the program started paying out more
money in benefits than it collected in payroll taxes.
Social Security's actuaries say the trust funds that support the
program will be drained by 2036 unless Congress acts. At that point, the
system will collect enough in payroll taxes to pay about 77 percent of
benefits. Between now and 2036, the government will have to borrow to
meet Social Security's obligations because the money held in reserve has
been spent on other programs.
Most experts say they expect any long-term fix to include tax
increases and benefit cuts, though the cuts are likely to be limited to
future retirees. The issue is deadlocked at present because many
Democrats in Congress adamantly oppose benefit cuts while nearly all
Republicans oppose tax increases.
Advocates have successfully thwarted efforts to include Social
Security in the budget talks in Washington, making it unlikely the
program will be addressed before the 2012 presidential elections.
Certner said AARP had planned to begin a series of town-hall events
around the country earlier this year to start talking with seniors about
potential changes to Social Security to improve its long-term finances.
Those talks were delayed — and have not been re-scheduled — because the
group does not want to Social Security to become part of the budget
talks in Washington, Certner said.
White House spokesman Jay Carney said Friday, "The president supports
measures to strengthen Social Security but does not support anything
that would slash benefits for future generations."
Sen. Tom Coburn, R-Okla., wants to include Social Security in any
long-term budget talks. He said AARP's position should cause others to
rethink their opposition.
"I think it took a lot of courage on their part to look at the facts
and then say, 'We're going to stop our present position, and we're going
to work to solve the problems for Social Security,'" Coburn said. "It
would seem that they have recognized how severe the problem is."
Sen. Bernie Sanders, a liberal independent from Vermont, said he was
bothered by AARP's position but not surprised. "AARP is a fairly
conservative seniors' organization," Sanders said.

AARP has a broad membership of people with many political views, Certner said.
The organization was a strong voice in defeating former President
George W. Bush's proposal to privatize some aspects of Social Security.
But the group supported Bush's successful effort to start a Medicare
prescription drug program, which many liberal groups opposed because
they thought it was too generous to drug makers.
AARP declined to join the Strengthen Social Security Campaign, which includes many liberal groups and labor unions.
"We generally aren't part of coalitions because we want to make sure
we can control our own message on Social Security, which obviously we're
not doing a very good job of today," Certner said.
___
Associated Press writers Ricardo Alonso-Zaldivar and Jim Kuhnhenn contributed to this report.

by Phillymg Fri Jun 17, 2011 10:48 pm

It's true that the Bowles-Simpson Commission Report failed to get the necessary votes of its members to move it along as a bill in Congress. Several commission members opposed *any changes whatsoever* to Social Security & Medicare even those moderate changes proposed by the commission on which they sat. If you ask me their objections at that time were for different reasons. Seeing what was coming down the road from the Tea-Monster-dominated House (kill social spending, kill the whole govt except for defense & welfare for the rich like farm & oil subsidies to the rich & corporations, privatize everything from prisons to schools) the dissenters to the commission's report didn't want to hand the Repubs the SS & Medicare changes on a silver platter & then endure a holocaust of cuts in other areas. The dissenters bided their time.

Heck even the WH never weighed in on the Bowles-Simpson report. Everybody has basically ignored it yet there it sits with its practical bipartisan ideas for stabilizing Social Security. Its Medicare suggestions are a bit more difficult to swallow yet basically a solid plan much better than any other that's been advanced by anyone.

Extreme rightwing nutz like Senator Jeff Sessions want to privatize Social Security like Dick Cheney tried back in the day.....force workers to gamble the SS taxes they pay (yes employees would still be mandated to have the money deducted from their checks) on the friggin Stock Market. Oh yeah let's open a vein & pay that $$ directly to Wall Street. Do not pass Go. Do not collect $200. Just bend over.

The fact that AARP is making noises about how the Bowles-Simpson ideas seem somewhat acceptable imo is a sign that soon Congress will put forth a bipartisan bill in which the Debt Limit is extended in exchange for going along with the Commission's recommendations for reforming Social Security & Medicare. Both parties will pat themselves on the back & the vote will likely be near-unanimous in both houses.

The usual suspects will vote no on the bill--those who oppose raising the Debt Limit at all & those who oppose changing Medicare/SS at all. After it passes.....Wall Street will be really happy (for awhile) since the bill will give them more 'certainty' (for awhile). Ordinary Americans will breathe a sigh of relief that those arguments are over.

There's a *slight* chance that HR589 might get incorporated into that Debt/SS-Med bill.....but the Dems have already stated that they want the contents of HR589 to be inside the *2012 Budget Bill* which might only pass in stages till spring 2012. However with so many states fast losing the combined 13 wks of Tier IV/HUB.....the HR589 concept may pick up steam if we keep fighting & get the 14 weeks for Tier I packaged into the as-yet-unknown bipartisan Debt/SS-Med bill.

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