Political Group Ratings: by the ARA (Association of Retired Americans) on senior issues
Source: ARA website (click here)
The mission of the Alliance for Retired Americans is to ensure social and economic justice and full civil rights for all citizens so that they may enjoy lives of dignity, personal and family fulfillment and security. The Alliance believes that all older and retired persons have a responsibility to strive to create a society that incorporates these goals and rights and that retirement provides them with opportunities to pursue new and expanded activities with their unions, civic organizations and their communities.
Mitch McConnell in the year 2003 received an anti-senior voting record by ARA at 0% on Senior Issues.
He voted YES on establishing reserve funds & pre-funding for Social Security. (Mar 2007)
Being fair to future generations (click here) requires that Social Security be reformed in a manner that prefunds a significant share of future Social Security benefit payments. All serious reform plans have this property. Prefunding is done exclusively in the Social Security trust fund in some plans, and it is done partly in personal retirement accounts (PRAs) in others.
This is a pre-requisite to making SSI into a penson fund. This measure would have cost the taxpayers of the USA enormous amounts of money. This is exactly what the US Postal Service is struggling with. This measure would have bankrupted SSI today, not in the future, but, today. If Congress demanded prefunding and then didn't raise additional monies through taxes then SSI would not be able to supply the pre-funding deadlines and it would default.
SSI depends on US Treasury Bonds. The monies received from taxpayers are put in a trust and the US Treasury Bonds are used to close the gap on actual disbursements and receipts. Social Security has needed occassional tweeking from time to time, but, pre-funding is a radical measure to insure the default of the SSI Trust Fund.
Social Security paid benefits of $725 billion in calendar year 2011. There were about 55 million beneficiaries at the end of the calendar year.
The assets of the combined OASDI Trust Funds increased by $69 billion in 2011 to a total of $2.7 trillion.
During 2011, an estimated 158 million people had earnings covered by Social Security and paid payroll taxes
Do not be afraid to remind voters how important the dedication of Democrats have been to protect Social Security Benefits, including Medicare. Both SSI and Medicare are okay today, any changes would be foolish unless is was PROVEN to be an enhancement to the trust fund. Sometimes when discussing SSI Benefits the words don't match the outcome, so they have to be careful who they vote for. Democrats can lead on SSI and take it on the offensive.
Source: ARA website (click here)
The mission of the Alliance for Retired Americans is to ensure social and economic justice and full civil rights for all citizens so that they may enjoy lives of dignity, personal and family fulfillment and security. The Alliance believes that all older and retired persons have a responsibility to strive to create a society that incorporates these goals and rights and that retirement provides them with opportunities to pursue new and expanded activities with their unions, civic organizations and their communities.
Mitch McConnell in the year 2003 received an anti-senior voting record by ARA at 0% on Senior Issues.
He voted YES on establishing reserve funds & pre-funding for Social Security. (Mar 2007)
Being fair to future generations (click here) requires that Social Security be reformed in a manner that prefunds a significant share of future Social Security benefit payments. All serious reform plans have this property. Prefunding is done exclusively in the Social Security trust fund in some plans, and it is done partly in personal retirement accounts (PRAs) in others.
This is a pre-requisite to making SSI into a penson fund. This measure would have cost the taxpayers of the USA enormous amounts of money. This is exactly what the US Postal Service is struggling with. This measure would have bankrupted SSI today, not in the future, but, today. If Congress demanded prefunding and then didn't raise additional monies through taxes then SSI would not be able to supply the pre-funding deadlines and it would default.
SSI depends on US Treasury Bonds. The monies received from taxpayers are put in a trust and the US Treasury Bonds are used to close the gap on actual disbursements and receipts. Social Security has needed occassional tweeking from time to time, but, pre-funding is a radical measure to insure the default of the SSI Trust Fund.
Social Security paid benefits of $725 billion in calendar year 2011. There were about 55 million beneficiaries at the end of the calendar year.
The assets of the combined OASDI Trust Funds increased by $69 billion in 2011 to a total of $2.7 trillion.
During 2011, an estimated 158 million people had earnings covered by Social Security and paid payroll taxes
Do not be afraid to remind voters how important the dedication of Democrats have been to protect Social Security Benefits, including Medicare. Both SSI and Medicare are okay today, any changes would be foolish unless is was PROVEN to be an enhancement to the trust fund. Sometimes when discussing SSI Benefits the words don't match the outcome, so they have to be careful who they vote for. Democrats can lead on SSI and take it on the offensive.
