Category Archives: Social Security

Lousy Job? It’s Your Fault!




By GREGORY N. HEIRES Technological change and inadequate education are often cited as the principal causes of our wage crisis. This argument, in a certain sense, blames workers for their plight. They are unwilling to invest sufficiently in their education, … Continue reading






Posted in Economics, Income Inequality, Labor Issues, Politics, Social Security, Taxes | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Expand–Don’t Cut–Social Security




By GREGORY N. HEIRES With a growing acceptance that millions of Americans will face a retirement crisis, the deficit hawks’ call for cutting Social Security is losing credibility. As the federal deficit continues to fall and the baby-boom generation enters … Continue reading






Posted in Economics, Labor Issues, Safety Net, Social Security, Taxes | Tagged , , , , , , , , , , , , | 1 Comment

Senate Rejects Plan to Cut Social Security by Changing Inflation Formula to Set Benefits




By GREGORY N. HEIRES The plan to gut Social Security by changing the inflation formula used to calculate benefits is running into trouble. The budget resolution passed by the U.S. Senate on March 30 includes an amendment opposing the funding … Continue reading






Posted in AFL-CIO, Labor Issues, News, Politics, Social Security | Tagged , , , , , , , , , , , , , , | Leave a comment

Eliminating the Payroll Tax Cap Would Guarantee the Solvency of Social Security




By GREGORY N. HEIRES As President Barack Obama looks to strike a “grand bargain” on the deficit by July, Social Security is being targeted for cuts. But the alarm over the system’s supposed weak fiscal health is more about deficit … Continue reading






Posted in Economics, News, Politics, Social Security | Tagged , , , , , , , , , , , , , , | Leave a comment

Europe’s Austerity is a Warning to the United States




By GREGORY N. HEIRES With deep cutbacks in government spending looming and conservatives pushing for reduced expenditures on Social Security and Medicare, the United States need only look across the Atlantic Ocean to consider the consequences. Three years of austerity … Continue reading






Posted in Economics, Income Inequality, Labor Issues, Politics, Safety Net, Social Security, Unemployment | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

A Plan to Gut Social Security Benefits Gains Favor Among Washington Policy Wonks




By GREGORY N. HEIRES As deficit talks resume in the coming months, Social Security will once again likely be targeted for cuts. One of the more popular proposals among Washington insiders is to change how inflation is calculated when benefits … Continue reading






Posted in Politics, Social Security | Tagged , , , , , , , , , | Leave a comment

Does Social Security Contribute to the Deficit?




By GREGORY N. HEIRES Conservatives are using the looming showdown over the debt ceiling and deficit as an opportunity to gut Social Security. But progressives are fighting back by arguing that Americans’ most popular program technically doesn’t contribute to the … Continue reading






Posted in Economics, News, Politics, Safety Net, Social Security, Taxes | Tagged , , , , , | Leave a comment

It’s Time for a financial transaction tax




By GREGORY N. HEIRES Now that the U.S. Congress has raised taxes on the wealthy for the first time in two decades, right-wing politicians are stepping up the cry for spending cuts, falsely claiming that our government can’t afford entitlements … Continue reading






Posted in Economics, Politics, Safety Net, Social Security, Taxes | Tagged , , , , , , , | Leave a comment

Deficit Hysteria Sweeps Washington




By GREGORY N. HEIRES Don’t buy into the political hype about the looming “fiscal cliff.” The Right is using “deficit hysteria” to set the tone of discussions with the Obama administration over what to do about deep automatic budget cuts … Continue reading






Posted in Economics, Income Inequality, Politics, Social Security, Unemployment | Tagged , , , , | Leave a comment

Obama: Progress on the Economy




By GREGORY N. HEIRES Nearly four years ago, President George W. Bush left behind the worst economic wreckage since the Great Depression of the 1930s. The country was bleeding 700,000 jobs a month when President Barack Obama took the oath … Continue reading






Posted in AFL-CIO, Economics, Labor Issues, News, Politics, Safety Net, Social Security, Unemployment | Tagged , , , , , , , | Leave a comment