A new report says a 3 percent cut in Social Security would take more than $300 million from the state economy.
How much do Social Security and Medicare programs affect Maryland businesses? More than you might think, according to a new report by the Main Street Alliance, a national network of small business coalitions. The report, called “Business Is (Baby) Booming,” looked at how Social Security and Medicare can drive economic activity and strengthen the retirement security of small business owners across the country. The group’s efforts focused on small businesses—defined as a business with 100 or fewer employees. The report found that more than one-third of small business owners were at or near Social Security’s full benefit age of 66. The report also cited a U.S. Small Business Administration study that found business owners are “significantly …
A Baltimore protest was one of more than 100 scheduled to take place in front of Social Security offices nationwide in response to Congress' inability to reach a budget agreement to avoid the so-called "fiscal cliff."
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Thursday, December 6, 2012
By Kelsi Loos for Capital News Service Baltimore—The American Federation of Government Employees rallied here Wednesday to call attention to their contention that Social Security does not impact the deficit and should be spared changes in negotiations to solve the looming fiscal cliff. The AFGE protest was one of more than 100 scheduled to take place in front of Social Security offices nationwide in response to Congress' inability to reach a budget agreement to avoid the so-called "fiscal cliff," the automatic budget cuts and tax changes set to take effect Jan. 2. Social Security advocates were adamant that cutting Social Security was not a solution to budget problems. "All of the conversations about cutting these programs are in the …
Virgil H. Soule
9:01 am on Friday, December 7, 2012
Social Security is NOT a socialist entitlement! It is a poorly-run insurance program that is separately and fully funded by FICA payments. The so-called payroll tax cut undermines SS and should be allowed to go away. The SS Trust Funds have been "invested" with the U.S. Treasury. Pull that money out and invest it in the capitalist free market where it can contribute to the support of the Social … more ›