SOCIAL SECURITY LAW: President Obama to Cut $320 Billion from Social Security Fund

US President Barack Obama may not be popular among the masses recently, but he continues to make decisions that reveal his leadership preference.

Recently, Obama has made proposals on reducing Social Security money and increasing the taxes of wealthy citizens. He has called on both the poor and the rich to make sacrifices with the incentive of retaining the full retirement age. Such move generates an impression of a leader who makes compromises to achieve a goal.

According to reports today, President Barack Obama has proposed a $320 billion cut from Social Security Fund as part of his plan to reduce the fiscal deficit by $3 trillion.

Reports said Obama plans to deduct $248 billion from Medicare and $72 billion from Medicaid without changing the full retirement age from 65 to 67.

The president will pursue tax increases by $1.5 trillion within ten years to help reduce the $3 trillion fiscal deficit. This move aims to hold wealthy citizens as part of the solution process, reports said.

Reports said Obama will also collect $1.1 trillion from military savings as US winds down operations in Iraq and Afghanistan.

The Social Security cuts and tax increases are necessary part of Obama's $447-billion project on employment boost, reports said.

Obama and his committee on deficit cuts will submit the recommendations to Congress on November 23.

Obama’s preference on pleasing others has caused him ups and downs on his leadership. His recent plan to satisfy the demand on cuts has resulted to reduced Social Security allowances of the poor, while pressure on mass disapproval compelled him to raise the taxes of the rich.

His next steps on fixing the budget deficit is probable, he will try to cover up for the pitfalls of the trade industry and make promises on labor boost.

So much for pleasing others to appear acceptable to society, it is time to hit the source of the nation’s recession and face opponents with firmness. The Social Security Administration (SSA) has been lenient in granting the requests of Obama, soon enough the people will experience the consequences of such leeway.

To learn more on Social Security claims, you may consult with a lawyer in Los Angeles. Your attorney will help you deal with the litigation process. Dial 1-866-772-2889 or email us at ssla@mesriani.com for a free case analysis.

SOCIAL SECURITY LAW: Rep. Doris Matsui to Grace Social Security 75th Anniversary in Sacramento

Social Security will reach its 75th year of assisting the elderly, the young orphans, and the disabled on Sunday. To commemorate such significant mark in the history of US, government officials take part in gracing various senior center events. An upcoming ceremony will be conducted in Hart Senior Center in Sacramento, reports said.

According to reports, Representative Doris Matsui will grace the event on Friday along with the officials from the Social Security Administration, California Alliance for Retired Americans, and the Gray Panthers. The speakers will also discuss new developments in Social Security for the next two years.

The Hart Senior Center will give free cakes and coffee to the public, reports said.

In a way, Social Security has reached a milestone in providing assistance to needy citizens with its continuous benefit programs. Recently, the Social Security has survived the threat of fiscal default, and has assured beneficiaries of prompt payments. Federal officials have also affirmed their commitment to prioritize the disabled, retirees, and children of deceased workers.

However, such landmark on caring for the poor may not be impressive for the next couple of months: The Social Security Administration (SSA) may find itself competing for funds amidst the fiscal crisis. Beneficiaries may content themselves on investing the monthly allowances to secure future medical needs. These can mean tight austerity measures as well as creating other sources of income.

The future of Social Security may sound victorious on its 75th anniversary, but after the cheers have been said; reality will sink back and show how defeated the US is. With the clear indications of stock losses and investment decline, it is about time that federal officials realize the AA+ status of US.

Cheers for good health. That is all for this week’s celebration of Social Security’s diamond anniversary.

For more information on Social Security benefits, you may consult with a lawyer in California. Dial 1-866-772-2889 or email us at ssla@mesriani.com for a free case analysis.

Seniors and Healthcare Workers Contests Social Security Cuts

US seniors panic like stock investors.

Social Security Beneficiaries are also cramming to salvage remaining hopes on federal finances. Like the businessmen who want to retrieve their hard-earned money, these seniors made last-minute talks to federal personalities.

On Monday, healthcare workers have joined seniors on marching in front of US Representative Jason Altmire's office to protest against Social Security cuts, according to reports.

Reports said the rallyists lined in front of the legislator's office in Aliquippa and demanded repeal on the slashed Social Security budget. They also raised issues on the probable SS check delay on August.

The protesters aired concerns on the effect of SS cuts and check delays among retired and disabled members who rely mostly on the benefit for living allowance. They reiterated that suspending the benefits on August will push the beneficiaries to poverty.

However, the President's Chief of Staff William Daley reassured seniors on July 26 that the Treasury Department has made an emergency plan for meeting the SS August payables. He affirmed that Social Security beneficiaries can expect to receive their monthly allowances next month regardless of the default threat result.

For sure, the SS members can cling on to federal support until August. However, a probable default or fiscal trouble can cause changes to the direction of Social Security Administration (SSA). Beneficiaries will then be left with little assurance on steady support. The SSA may reduce the benefits or deny further claims.

For more information on Social Security benefits, you may consult with a lawyer in Los Angeles. Your attorney will help you go through the legal process. Dial 1-866-772-2889 or email us at ssla@mesriani.com for a free case analysis.