Martin O’Malley Calls for Expanding Social Security

Former Maryland Gov. Martin O’Malley is proposing to expand Social Security, part of a bid to cast himself as a progressive but practical candidate for the Democratic presidential nomination. According to a white paper shared by the campaign, O’Malley will set himself apart from frontrunner Hillary Clinton by calling for increasing the number of Americans with access to adequate retirement […]

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Democratic Divide on Social Security Spills Into Streets

On a brisk, sunny Wednesday afternoon a handful of protesters stood outside of 1025 Connecticut Ave NW in Washington, while a boisterous woman led the group’s chants. “What is America going to be?” they asked. “Corporate Greed or Democracy?” People from all across the country, including retirees and caregivers from Illinois, Montana, and North Carolina, had been brought together by leftist […]

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Why the Fiscal Cliff Deal Should Have Included Social Security

Yesterday’s deal to avoid the fiscal cliff offers quick fixes for the country’s most urgent financial problems but will also add almost $4 trillion to the deficit over the next 10 years. Cuts in discretionary spending and entitlements have therefore become even more essential, but the fiscal cliff deal has postponed negotiations over spending for at least another couple of […]

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The Six Daunting Financial Problems Facing America

Solutions to the economic problems that the U.S. faces are unpalatable, and there’s a dangerous temptation to avoid dealing with fundamental issues. The choice of Paul Ryan as the presumptive Republican candidate for Vice President has ensured that budgetary arithmetic will be a central issue in the election campaign. But it’s important to remember, as the Mock Turtle says in […]

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Workforce Strains Social Security, Medicare

An aging population and an economy that has been slow to rebound are straining the long-term finances of Social Security and Medicare, the government’s two largest benefit programs. Those problems are getting new attention Monday as the trustees who oversee the massive programs release their annual financial reports. Medicare is in worse shape than Social Security because of rising health […]

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