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Monday, November 19, 2018

Social Security Is Strangling Seniors With Flawed Math

Reprinted with permission from AlterNet.

 

As a result of inflation, people on fixed incomes find that their incomes decline in value over time. One extremely important feature of Social Security is that its benefits are adjusted every year automatically to offset increases in inflation so that the modest, but vital, benefits do not erode over time. It is important to understand that these adjustments are not increases. They are intended to simply allow people to tread water, to maintain their purchasing power.

Unfortunately, the government’s cost of living adjustment for Social Security is based on inflation experienced by workers, not by retirees and people with disabilities who are unable to work.…

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Republicans Waging Guerrilla War On American Health Care

Reprinted with permission from DCReport.

 

While Trump preens in the afterglow of his questionable achievements at the negotiating table with North Korea, let’s take a look elsewhere—at the Trump administration decision to abandon Obamacare requirements that health insurance cover pre-existing conditions.

Late last week, the government said in filings in a federal court case that the requirement to cover those who need healthcare the most will become “unconstitutional” next year as well as protections forbidding insurers to deny coverage to those with pre-existing medical conditions.

Indeed, the Justice Department declined to defend the federal law in a suit brought by states against the provisions of the Affordable Care Act.…

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Millionaire Paul Ryan Bombs With ‘Joke’ About Entitlements

Reprinted with permission from Shareblue.com

 

Speaker of the House Paul Ryan (R-WI) is well-known for his twisted vendetta against the social safety net, but may have outdone even himself with a joke that even bombed with an ultra-conservative audience.

On Saturday, Ryan delivered the keynote speech at the Salt Lake City Chamber of Commerce’s dinner honoring Senator Orin Hatch (R-UT), the most senior Republican in the Senate, as a “Giant in Our City.”

Ryan made a few jokes about Hatch’s advanced age, but one crack about Ryan’s own impending retirement did not go over so well.

“Truthfully though, I thought that maybe I’d just retire to get my hands on some of these entitlements,” Ryan said.…

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