national deficit

Do Social Security benefits really contribute to the national deficit?

by Staff | April 21st, 2011

April 21, 2011

Whether or not Social Security benefits contribute to national debt has been a big debate.

According to huffingtonpost.com, eventually all the money the system has loaned to the federal government will be exhausted and the system will be broke, and that’s the reason why Social Security benefits are adding to the national deficit.

The article also claims that FICA taxes paid by workers for the last 25 years has reduced the annual deficits by more than $2 trillion. It suggests that more than 100 million people would have to stop paying FICA taxes in order for Social Security benefits to run out of funds.

Read more.

What is your opinion of the national deficit? Do you think Social Security benefits contribute to the national deficit?

If you need help getting the Social Security benefits you deserve to get your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.

President Obama addresses Social Security benefits, national deficit

by Staff | April 14th, 2011

April 14, 2011

Many are concerned about the future of Social Security benefits as President Barack Obama addresses the national deficit.

According to cbsnews.com, the president said Social Security benefits is not the cause of the deficit, but it represents a large portion of the federal budget, saying it “faces real long-term challenges in a country that is growing older.”

President Obama did not endorse raising the payroll tax or making any other specific changes to Social Security; however, he drew some lines in the sand to protect the program.

Read more about it here.

Do you have an opinion abut how the national deficit should be addressed? What changes do you think need to be made to Social Security?

If you need help getting Social Security benefits you deserve to get your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.

Man believes Social Security System is fine the way it is

by Staff | February 23rd, 2011

February 23, 2011

A man posted on a Post-Journal readers forum saying the Social Security System is still working just fine the way it is.

He believes it’s a myth that people believe Social Security contributes to the national deficit, and there are many misconceptions about Social Security that younger generations don’t understand.

Read more.

Do you think the current Social Security system is operating efficiently? What changes do you think need to be made?

If you need help getting Social Security benefits you deserve to get your put your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.

Cuts to Social Security benefits will hurt women, minorities

by Staff | November 19th, 2010

November 19, 2010

A draft report of President Obama’s  response to the national deficit shows that if Social Security benefits are cut, the nation’s poor and minorities would suffer the most.

The cuts to Social Security also put many women into poverty.

Statistics show that women earn 77 cents for every dollar that a man makes, according to huffingtonpost.com. For minorities, the pay is even lower.

Read more.

Who do you think will be hurt the most if changes are made to Social Security benefits? How do you think the national deficit should be handled?

If you need help getting Social Security benefits you deserve to get your put your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.

Reader inquires about Social Security’s role in national deficit

by Staff | November 17th, 2010

November 17, 2010

A reader of The Morning Call was curious about the role of Social Security cuts to reduce the national deficit.

The response said future Social Security beneficiaries would have to work longer to collect full Social Security payments and the retirement age would rise from 65 to 67.

Read more.

Do you think it’s fair to raise the Social Security benefit age? Do you think reforming Social Security is the best way to fix the national deficit?

If you need help getting Social Security benefits you deserve to get your put your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.

Commentary: Social Security cuts won’t help budget crisis

by Staff | November 16th, 2010

November 16, 2010

A reader submitted a commentary to statemanjournal.com addressing the unnecessary need to cut Social Security benefits.

The reader says Social Security is not the problem because it doesn’t contribute to the national deficit. The reader says there are other solutions to balancing the national budget that are more beneficial than cutting Social Security benefits.

Read more.

Do you think Social Security budget cuts are necessary? How do you think the federal budget should be balanced without cutting Social Security?

If you need help getting Social Security benefits you deserve to get your put your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.