Letters to the Editor

Your views in 200 words or less

Tag: Social Security


SOCIAL SECURITY: Why increase won’t be invested

Chuck Jaffe’s column (TNT, 10-29) on the 2015 Social Security cost-of-living increase suggests that investment is the best use of the money: “Even someone completely dependent on Social Security for their retirement income … won’t find $240 per year to be a life changer.”

Why, if they put the $20 a month into an investment earning 6.5 percent, in 15 years they would have an extra $6,000, he touts.

First, most investments will not average that high a return for all 15 years. Second, most Social Security recipients will find the extra $20 per month just about enough to cover the likely

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DEBT: Congress should heed former senator’s words

If only our congressional team would take heed of retired Sen. Alan Simpson’s words Tuesday on CNBC: “Play small-ball and 10 to 15 years from now your country will be sucking canal water, and that’s the way it is. It’s called the debt. It’s $17.3 trillion, heading for 20, and at some point the people who have loaned us 20 trillion bucks will say you’ve got a dysfunctional government and you’ve got a Congress that doesn’t work.”

He also pointed to our Social Security system, whose future solvency has been neglected for decades.

Why is this all happening? I believe

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BUDGET: Three ideas could make a difference

What can Congress do to make an immediate improvement in Social Security and Medicare spending?

First, allow the government to negotiate prescription drug prices. According to a report from the Center for Economic and Policy Research – based on figures provided by the Centers for Medicare & Medicaid Services and the Congressional Budget Office – a cumulative savings of $230 billion to $541 billion over 10 years could be achieved.

Washington state could save from $522 million to $1.229 billion. Additional savings could happen from negotiating prices for all medical supplies and durable medical equipment.

Second, tax all earned income

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CONGRESS: Enjoy summer and fear the fall

With the housing market, jobs, retail sales and construction on the rise; mortgage rates holding steady; and the annual deficit decreasing, I see reason for optimism.

On the other side of the coin, I see the conservative fringe of the Republican Party threatening some very bad behavior in the fall session of congress. If we can believe their summer recess threats, we face a possible government shutdown and lower taxes for the rich, with all the benefits that trickle down to the working class.

Their proposed social agenda is equally as destructive: Further attacks on women’s reproductive rights, suppression of

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CONGRESS: Here’s how to boost its rating

I read with interest that Speaker of the House John Boehner feels that Congress should be judged on how many laws it repeals (TNT, 7-22). What a great idea, since they are the ones that created the law in first place.

I have three suggestions that I am sure would get them high marks.

• Repeal the law that prohibits or does not allow term limits.

• Repeal the law that gives members of Congress their own retirement program. Why don’t they fall under Social Security like the constituents they represent?

• Repeal the law that provides members of

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SOCIAL SECURITY: Plan pays for itself

Even Ronald Reagan understood that Social Security does not affect the deficit and vowed to protect it during his terms as President. Ronald Reagan said, during a 1984 debate with Walter Mondale: “Social Security has nothing to do with the deficit. Social Security is totally funded by the payroll tax levied on employer and employee. If you reduce the outgo of Social Security, that money would not go into the general fund to reduce the deficit, it would go into the Social Security trust fund.”

President Obama’s proposed cuts to Social Security – and, trust me, the change to a

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DEFICIT: Krugman oblivious to debt’s dangers

Paul Krugman’s column (TNT, 3-14) about government spending and deficits is ripe with questionable assertions.

Krugman tosses numbers around and goes into great detail about yearly deficits, yet he hardly even mentions the danger posed by the national debt. Without naming names, he coyly attempts to denigrate conservative fiscal hawks by calling them “fearmongers” who want to dismantle Medicare, Medicaid and Social Security.

To bolster his arguments, he references Kenysian economic theory, yet he fails to acknowledge that without capitalism he would be as poor as those individuals who actually do need government assistance.

I can’t help but wonder

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SEQUESTER: It’s time to think of the children

Our nation’s real fiscal issue is not the $85 billion sequester, it is the $80 trillion that we now have in unfunded Social Security, Medicare and government pension liabilities, etc. As our nation gets older and more of us begin to retire, the financial pressure will become severe on our budgets.

These obligation will not be borne by the workers and the retirees of today, but by today’s youth.

Today’s youth voted overwhelmingly in November for President Obama. Perhaps it is now time for the president to help the constituency that supported him. Instead of flying around the nation speaking

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