Social Security

https://www.flickr.com/photos/armydre2008/

This is a rebroadcast of an earlier show (original air date August 17, 2020); no calls will be taken.

The solvency of Social Security is certain to be a major topic in the upcoming election.  We’ll discuss how and why Social Security was implemented 85 years ago (When FDR signed legislation enacting Social Security, on 8/14/1935, he said, “We have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.”) We’ll learn how the social welfare program is funded, and how the recession/unemployment/the pandemic is impacting current (and future) beneficiaries of the program.

https://www.flickr.com/photos/armydre2008/

The solvency of social security is certain to be a major topic in the upcoming election.  We’ll discuss how and why social security was implemented 85 years ago (When FDR signed legislation enacting Social Security, on 8/14/1935, he said, “We have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.”) We’ll learn how the social welfare program is funded, and how the recession/unemployment/the pandemic is impacting current (and future) beneficiaries of the program.

Susan Walsh / AP Photo

Demographically, Maine is the oldest state in the nation, and so the health of the Social Security system is of particular importance here. Nearly a quarter-million Mainers receive benefits that average $1300 per month.

PORTLAND, Maine - The Social Security Administration has released new rules that incorporate Sen. Angus King proposals to help better serve people with disabilities.

King says Maine residents who apply for Social Security Disability Insurance benefits have to wait an average of 13 months to get a hearing with the administration. He says a proposal incorporated into the new rules will help reduce those wait times.

King pushed for the changes last month. The rules were issued by the Social Security Administration last week.

WASHINGTON - Nearly every weekday, the members of Maine's Congressional Delegation say they are asked by a constituent from back home for help with their application for Social Security disability payments.

In an effort to clarify how he really feels about Social Security, Gov. Paul LePage launched a series of robo-calls to targeted voters this week.  This follows a press reolease he issued last week that defined Social Security and Medicare benefits as "welfare." LePage now says that's not accurate. But instead of issuing a correction, the governor is blaming the media for the snafu. And his opponents are dismissing it as too little, too late.

Social Security

Aug 13, 2013

  The past, present and what may be in store for the future of Social Security.

Host Jennifer Rooks was joined by: 

Lori Parham - AARP Maine State Director

Dr. Christopher Breiseth – Board of Directors Chair, Frances Perkins Center

  Henry Aaron, senior fellow and the MacLaury Chair in Economic Studies from the Brookings Institution debates Stuart Butler, distinguished fellow and director of the Center for Policy Innovation at the Heritage Foundation. The topic of the debate is future of Social Security funding. This panel was recorded at Colby College in Waterville.

This talk was recorded April 3, 2011 in the Ostrove Auditorium on the campus of Colby College in Waterville.

  Nancy Altman, assistant to former Federal Reserve Chairman Alan Greenspan, warns that Social Security has a significant impact on state economies, including Maine's. She also exposes the fallacy that Social Security has any connection to the federal deficit in her talk titled Social Security and Maine's Future: Keeping the Promise to All Generations.