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The Senior Citizens League 2
But that's not all Congress must do before October The Secretary of the Treasury has warned that if Congress doesn't raise the debt ceiling very soon the government will default on its bills sometime in October. The "full faith and credit" of the U.S. government is at stake here and the repercussions of a government default are not totally known but they could be disastrous. .Those born during the Notch period "saved Social Security" by receiving lower benefits for the rest of their lives. They are the generation that fought and sacrificed during World War II. Now, although they receive lower benefits, they are among the senior age group hit hardest by escalating health care insurance premiums and prescription drug costs. .According to the National Council on Aging, 34% of older households hold credit card balances, and another 29% still owe money on a mortgage, home equity line of credit, or both. Digging out requires work and making changes. Reducing debt requires increasing income, restructuring your budget, and other changes. Here are some things to consider: … Continued
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Issue Test Feed
When you start retirement benefits before your full retirement age– which for you is 66 — you may work, but Social Security will withhold one dollar in benefits for every in earnings above the limit. The question for many people who go this route is when the withholding starts. .According to an article last week in StatNews, a newsletter that covers health and medical issues, the answer seems to be "whichever one is available to you first." .For details, or to see if your Members of Congress will be holding town hall meetings during the summer recess, call their local offices. You can find contact information HERE. … Continued
The President believes tying drug prices in the U.S. to those in other countries will bring down the prices here. However, the effect of his order won't be seen for some time and will only cover certain prescription drugs. The executive order requires that the secretary of Health and Human Services immediately test a payment model for Medicare to pay "no more than the most-favored-nation price," meaning the lowest price paid in other developed countries, for specific "high-cost" prescription drugs and products. .President Trump has said all week that he will not agree to pass further stimulus measures to combat the economic fallout of the coronavirus outbreak without a payroll tax cut. Trump has been advocating for a payroll tax cut since last summer, even before the pandemic, but it is opposed by most congressional Democrats and it is not clear the idea has much support among Republicans in Congress. Obviously, a payroll tax cut would have no benefit for Americans put out of work in the wake of the outbreak until they return to employment. .In addition, one new cosponsor – Rep. Diane Black (TN-6) – signed on to the No Social Security for Illegal Immigrants Act (H.R. 1716). The total is now at twenty-seven. If signed into law, H.R. 1716 would prohibit unauthorized workers from receiving Social Security benefits based on work done while in the country illegally, using stolen, fake, or fraudulent Social Security Numbers. TSCL believes it would protect the integrity of the program while preventing an unnecessary and unspecified strain on the Social Security Trust Funds. .Now that March has arrived, winter is starting to appear in the rearview mirror, large sections of the country will experience unseasonably warm temperatures this week, Covid-19 vaccinations are picking up, and we are all getting tired of living the way we have for the past year. .Assistance in paying for low cost home weatherization to make your home more energy efficient. .In the 109th Congress, I co-sponsored legislation expressing CongressТ disapproval of the Totalization Agreement between the U.S. and Mexico because I believe it is imperative that we protect Social Security by preventing others from "gaming" the system. For this reason, I also co-sponsored the Illegal Immigration Enforcement and Social Security Protection Act of 2005, legislation aimed at cracking down on Social Security fraud. .Food and Beverages: (breakfast cereal, milk, coffee, chicken, wine, full service meals, snacks) .Get quotes from 5 to 10 highly-rated insurance companies. Make sure you are getting apples–to–apples comparisons for the same type of annuity. .More than 55% of participants in TSCL's 2019 Senior Survey support federal programs that help with energy assistance.
