Showing posts with label New SSA budget. Show all posts
Showing posts with label New SSA budget. Show all posts

Thursday, November 11, 2010

Don't Let the Government Cut Your Social Security Benefits.

I spoke a couple weeks ago on this blog about how Social Security Disability and SS Retirement was going to run out of money sooner than you thought, and how I expected the government to see reducing your benefits and raising the retirement age as the way to address this problem. Well, I was reading on the Internet today that part of the president's plan was to do just that. I wish I knew where I read it so I could point to the article, but I as many of us do, I was skipping around and lost the article. Anyway, keep your ears open for politicians to start touting this idea as something that needs to be done. I think it is time we remind the politicians, that if they have not been taking money from the Social Security fund the problem would not be nearly as serious. We pay a separate Social Security tax and this is not part of the general tax revenue of the United States. And yet many politicians see reducing these benefits and raising the retirement age as a way to reduce our deficit and supposedly save the Social Security system. The government has plenty of discretionary spending plans made in recent and past years that could be reduced or eliminated to help with this problem without having to affect the Social Security system. If we don't write our senators and congressmen this will happen. As the results of the last election show the majority of Americans believe we need to stop spending money and at the same time produce jobs for all Americans. However, don't let the politicians take an easy way out by limiting your safety net which is the Social Security system. I do not claim to have all the answers but we all know how much money the federal government has wasted over the last several years on less important things than the Social Security system. Let your voice be heard and tell your local Congressman and Senators to cut their pork barrel spending and not the Social Security system. If we do nothing I strongly believe those of you who are on Social Security disability or retirement benefits will see cuts of those benefits, and those of you who expected to retire will have to wait longer. I also would not be surprised to see an effort by the government to make it more difficult to win a Social Security disability claim. It is hard enough to win a Social Security disability claim with the rules as they are now. The disabled and retired cannot afford to have their benefits reduced because the government does not know how to control their spending. I hope I am wrong but when I read that article I saw the writing on the wall.

Monday, March 16, 2009

The stimulus package and its effect on Social Security disability and its beneficiaries.

The stimulus bill for 2009 is expected to have added funding for the Social Security Administration. Hopefully, this will help SSA deal with the increasing number of cases and the present backlog. It is also anticipated that the president a request a significant increase in funding for the SSA program in the 2010 budget. Also, as part of the stimulus package those of you receiving SSI and SSDI payments that live in the United States Puerto Rico or US territories will be entitled to a one-time payment of $250. It is my understanding, that you will get this payment automatically without you having to do anything. For those of you with SSI this $250 will not count as income. It is also my understanding that $250 will be tax exempt but you should check with your accountant. It is my hope that with the increase in funding to the Social Security Administration will help with the increased caseload and backlog SSA is experiencing due to the baby boomers and the declining economy. The key will be whether the money is spent efficiently to meet these goals.

Thursday, January 17, 2008

New budget for SSA sighned into law.

On December 26, 2007 the SSA budget was signed by the president. The Social Security Administrations new budget for 2008 will be $9,746,953,000. This amount is actually more than the President asked for. In my opinion, the amount if used properly should help deal with the growing case load and hopefully decrease the increasing wait times at the hearing level. It will now be up to Commissioner Michael Astrue to make sure the money is spent in a way that will help decrease waiting times and get better decisions. I have posted earlier on some of the Commissioner's plans to decrease these wait times and improve the SSA process. As I have stated before I like many of the new changes coming to SSA and hopefully this new budget will allow for at least the most helpful changes to be implemented. The source of the information is from the NOSSCR Forum.