Senator Bob Dole’s legacy – putting nation over politics

Politician, War Hero, Senator Bob Dole Dies at 98

Published on December 7, 2021 in RINewsToday

Bob Dole a seriously wounded World War II hero, a Kansas politician who served in the House from 1961 to 1969 and the U.S. Senate from 1969 until 1996, who unsuccessfully ran as the Republican candidate against Bill Clinton for President in 1996, dies at age 98, after a long illness.

According to the Elizabeth Dole Foundation, Senator Robert J. Dole died in his sleep on early Sunday morning. While no cause of death was reported the former Senator was diagnosed with stage 4 lung cancer last February. While funeral arrangements have not been announced, House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer announced that Dole, one of the longest serving Republicans in the Senate’s history who served as Senate Majority leader from 1985 to 1987 and from 1995 to 1996, will lie in state in the United States Rotunda on Thursday, Dec. 9, 2021. A formal arrival and departure ceremony will be held on Thursday morning. Dole will join just 34 others, including government officials and military officers, who have had this honor in the U.S. Capitol since 1852.

“Putting his life on the line to defend our nation, he was awarded two Purple Hearts for his valor and sacrifice on the battlefield – and, when he came home, served as an inspiration to millions of Americans living with disabilities. From the Well of the House to the Floor of the Senate, as a presidential candidate and as an elder statesman, he was one of the foremost advocates for our servicemembers, veterans and military families,” stated Pelosi, in a statement announcing Dole being given the nation’s highest honor to lie in state in the Capitol.

“Senator Dole exemplified the Greatest Generation, and while I never had the pleasure of serving in the Senate with him, his reputation and his achievements, and most of all his character proceeded him, said Senate Majority Leader Chuck Schumer. “I always admired his steadfast advocacy for Americans with disabilities, and his love for this country,” he added.

Adds Senate Republican Leader Mitch McConnell, “Whatever their politics, anyone who saw Bob Dole in action had to admire his character and his profound patriotism. Those of us who were lucky to know Bob well ourselves admired him even more. A bright light of patriotic good cheer burned all the way from Bob’s teenage combat heroics, through his whole career in Washington, and through the years since.”

Fixing Social Security

Back in the late 1970s, President Ronald Reagan reacted to Social Security’s short-and long-term financing crisis funding crisis by charging the National Commission on Social Security Reform (NCSSR), chaired by Alan Greenspan, by making recommendations on strengthening the program’s financial viability to Congress.

There were NCSSR members of the bipartisan Commission who did not believe there was an impending fiscal crisis, believing that it was being politically blown out of proportion. Like today, there were philosophical differences in how to keep Social Security solvent.

The political polarization that resulted in hammering out recommendations kept the NCSSR from making its original deadline to issue its report. Reagan was forced to extend the life of the Commission, and this ultimately gave time for the 15 members to reach a compromise.

However, even with the NCSSR compromise, there was still political gridlock in Congress as to how to fix Social Security. But a chance reading of Dole’s article on Social Security published in the January 3, 1983 issue of the New York Times, brought Senator Patrick Moynihan (D-NY) together on the Senate floor with the Kansas Senator. Ultimately it was these two seasoned Senators who put political differences aside to draft a bipartisan compromise to allow the passage of NCSSR’s recommendations, including taxation of Social Security benefits and increasing the retirement age for receiving full benefits.

Dole and Moynihan’s “Gang of Seven”, including three NCSSR members and two Reagan advisors, came up with a politically acceptable time frame of payroll tax increases and spending reforms that both the Democrats and Republicans could accept. Meeting outside the halls of Congress, the so-called “Gang of Seven,” Dole, Moynihan, three other members of the Greenspan Commission and two Reagan advisors, came up with a timetable of payroll tax increases and spending reforms that legislators of both parties could accept. On April 20, 1983, President Reagan signed the Social Security reform into law.

Reaching Across the Aisle

In a statement, President Joe Biden noted that even though he and Dole often disagreed on issues during his time in the Senate, “he never hesitated to work with me or other Democrats when it mattered most.”

“He and Ted Kennedy came together to turn Bob’s lifelong cause into the Americans with Disabilities Act — granting tens of millions of Americans lives of greater dignity,” said Biden.

“When he managed the bill to create a federal holiday in the name of Martin Luther King, Jr. — a bill that many in his own caucus opposed — I will never forget what he said to our colleagues: “No first-class democracy can treat people like second-class citizens,” noted Biden.

Finally, Biden noted Dole’s support of another bipartisan effort, the McGovern-Dole International Food for Education and Child Nutrition Program. This initiative provided school meals and food for nursing mothers and young children. “It saved the lives of countless young people who would otherwise have died in infancy — and brought dignity to tens of millions of families at home and abroad. This work, for Bob, was about more than passing laws. It was written on his heart,” said Biden.

Known for his integrity and trustworthiness, this statesman, war veteran, patriot, knew how to work across the aisle to pass Senate bills that would help seniors, the disabled, and the needy, oftentimes in opposition to his caucus. He put the nation first above politics.

Hopefully, Congress can clearly see Dole’s political legacy of being bipartisan in legislating. It’s not too late.

A Sacred Trust – moves to strengthen Social Security

Published on November 8, 2021 in RINewsToday

Almost two weeks ago, House Ways and Means Social Security Subcommittee Chairperson John B. Larson (D-Conn.) threw H.R. 5723, the Social Security 2100: A Sacred Trust, into the legislative hopper. During its unveiling in the historic committee room of the House Ways and Means Social Security subcommittee, the same room where Social Security and Medicare legislation was crafted in the 1930s and 1960, the Connecticut Congressman’s proposal comes on the heels of the Social Security Administration’s 2021 estimate that the trust funds that support the program will be depleted in just 13 years, averting an estimated 20 percent cut in benefits by 2034.

The Sacred Trust Act is the successor to Larson’s original Social Security 2100 Act, which he first introduced in 2014.The House Ways and Means Committee is planning to hold a hearing on the bill in Nov. followed by a markup.

At press time, 194 House Democratic Members are cosponsoring the 100-page House Democratic proposal with no Republican lawmakers crossing the aisle. Almost 40 advocacy groups are endorsing the House Democratic proposal.

At the Oct. 26 news conference unveiling Larson’s legislative proposal, the Connecticut congressman noted that Congress expanded Social Security during the past 50 years and it has been 38 years since lawmakers have taken any comprehensive action to strengthen the program.“ With 10,000 Baby Boomers a day becoming eligible, and with millennials needing Social Security more than any generation, the time for Congress to act is now,” he said.

Taking a Close look at H.R. 5723

According to the legislative fact sheet released at the news conference, H.R. 5723 gives a benefit bump for current and new Social Security beneficiaries. It provides an increase for all beneficiaries (receiving retirement, disability or dependent benefits) equivalent to an average of 2% of benefits to make up for inadequate Cost-of-Living Adjustments (COLA) since 1983.

Larson’s Social Security proposal also protects Social Security beneficiaries against inflation. It improves the annual COLA formula by adopting a Consumer Price Index for the Elderly (CPI-E), to better reflect the costs incurred by seniors who spend a greater portion of their income on health care and other necessities. Although the 2022 COLA 5.9%, the largest in years, the average for the past 10 years is roughly 1.5% and in 3 of the past 12 years, beneficiaries received no COLA at all.

It protects low-income works that provides a new minimum benefit stet at 25% above the poverty line and would be tied to wage levels to ensure that minimum benefits doe not fall behind. Currently, 5 million seniors live in poverty.

The Sacred Trust Act also contains other provisions that seniors and their advocates have sought for years, including:

Improving Social Security benefits for widows and widowers in two income households so they are not penalized for having two incomes.
Ending five-month waiting period to receive disability benefits so those with ALS or other severe disabilities no longer have to wait.
Providing caregiver credits for Social Security wages to ensure that caregivers are not penalized in retirement for taking timeout of the workforce to care for children and other dependents.
Extending Social Security benefits for students to age 26 and for part-time students.
Increasing access to Social Security dependents for children who live with grandparents or other relatives.
Requiring Social Security Administration (SSA) to mail annual statements to all workers detailing the FICA contributions they make and projects of their benefits in the future.
Preventing unwarranted closures of SSA offices to improve customer serve
Improving access to legal representation for people seeking long-term disability benefits.

H.R. 5723 would pay for strengthening the Social Security Trust Fund by having millionaires and billionaires pay the same rate as everyone else.Currently, payroll taxes are not collected on an individual wages over $142,800.The legislative proposal would apply payroll taxes to wages above $400,00.This provision would only impact the top 0.04% of wage earners.

Larson’s proposal would also extend the solvency of Social Security by making a significant contribution to the programs solvency, making up more than half of the shortfall in the Social Security Trust Funds.

Finally, H.R. 5723 would combine the Old-Age and Survivors Insurance with Disability Insurance into one Social Security Trust Fund, to ensure all benefits will be paid.

It’s Now Time to Fix Social Security

Larson’s Social Security proposal would “take historic steps to expand Social Security — delivering for retirees, people with disabilities, and their families the first real boost in benefits in 50 years. The Sacred Trust Act also would bring new revenue into Social Security amid projections that the trust fund will run dry in 2034 if Congress doesn’t take action,” says Max Richtman, President and CEO of the Washington, DC-based National Committee to Preserve Social Security and Medicare.

“To those who claim that no one in Washington has the courage to address Social Security’s challenges, or that the only solution is to cut benefits for future generations, Congressman Larson’s bill is a stunning refutation,” states Richtman, noting that he understands that beneficiaries need an increase in monthly checks to meet skyrocketing living expenses. “He knows that the fairest way to strengthen Social Security’s finances is for the wealthy to begin paying their fair share of payroll contributions. For years, seniors and their advocates have demanded these improvements,” adds Richtman.

“There is good news for everyone in this bill, which is only fitting, since Social Security touches almost every American’s life. Beneficiaries have waited long enough for these vital improvements. Congressman Larson now has nearly 200 cosponsorsin the House. After seven long years, seniors and their advocates can finally see the finish line, says Richtman.

With the Democrats controlling the White House, seniors have a good chance of seeing the expansion and strengthening of Social Security. The proposal has many of President Biden’s promises made during his campaign. But, like Larson’s previous Social Security Bill, the latest version has no Republican cosigners.

Over the years, poll after poll has shown that the American public strongly supports Social Security, across party and demographic lines. Larson’s legislative proposal has the support in the House, but will it pass in the upper chamber with Senate Democrats holding a slim majority? Will voter support influence Republican lawmakers to work across the aisle with Democrats to hammer out an acceptable bipartisan proposal, as the 2022 mid-term elections get closer? We’ll just have to wait and see.

A call to Congress to strengthen, expand Social Security & Medicare

Published in Rhode Island News Today on September 6, 2021

The 2021 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance (OASI)) and the Social Security Disability trust fund (SSDI), released last week, gives Congress this stark warning: the Social Security Trust fund is heading toward insolvency in 13 years while SSDI will see its reserve funds depleted in 2057, eight years sooner than last year’s estimate. As a whole, combined, the two Social Security trust fund reserves will be depleted in 2034, a year earlier than estimated made in last year’s Trustee report.

However, there is good news. This year’s report notes that there is more than enough time for lawmakers to make up shortfalls by immediately shoring up the ailing Social Security Old-Age and Survivors Insurance (OASI) trust fund and the Social Security Disability trust fund (SSDI) by Congress increasing revenues or cutting costs to these programs.

“The theoretical combined trust funds will exhaust their reserves by 2034, when today’s 54-year-olds reach the full retirement age and today’s youngest retirees turn 75. Upon insolvency, all beneficiaries will face a 22% across-the-board benefit cut,” says a detailed analysis released by the Washington, DC-based Committee for a Responsible Federal Budget (CRFB), a non-partisan, nonprofit organization committee that addresses federal budget and fiscal issues.

According to this year’s Medicare Trustee’s report, there was no change from last year’s projections that noted Medicare Hospital Insurance trust funds would be deleted in 2026. If this occurs, physicians, acute care facilities and nursing homes would not receive their full compensation of the program (only 91% of scheduled payments), pushing the uncompensated costs on the patients to pay.

Total Medicare expenditures are projected to increase in the future at a faster pace than both total workers’ earnings and the overall economy, says the newly released Medicare Trustee report.

In light of the projected insolvency of Social Security, this year’s Trustee’s report notes that beneficiaries may receive an estimated 3.1% cost-of-living adjustment (COLA) for benefits in 2021, the highest COLA in a decade. This large increase was triggered by higher inflation rates caused by the ongoing pandemic.

Beltway Insiders Respond

“The Trustees’ projections in this year’s report include the best estimates of the effects of the COVID-19 pandemic on the Social Security program,” said Kilolo Kijakazi, Acting Commissioner of Social Security. “The pandemic and its economic impact have had an effect on Social Security’s Trust Funds, and the future course of the pandemic is still uncertain. Yet, Social Security will continue to play a critical role in the lives of 65 million beneficiaries and 176 million workers and their families during 2021.”

“The Trustees Report confirms that Social Security’s financing is strong in the near-term yet underscores why it is so important that Congress take action now to prevent 22% in cuts across the board on all benefits in 2034,” says House Ways and Means Social Security Subcommittee Chairman John B. Larson (D-CT) in a released statement. “With the loss of traditional pensions, rising health care costs, and many people unable to save enough for retirement, there is a growing retirement crisis. 65 million Americans currently rely on Social Security benefits, yet millions are suffering and can’t make ends meet, adds Larson.

Furthermore, the Trustees Report shows that this year the cost of paying out benefits will exceed the income from the Federal Insurance Contribution Act (FICA) payments,” states Larson.

The released 2021Trustee reports on the financial solvency of Medicare and Social Security trust funds once again identify unsustainable benefit promises in Medicare and Social Security programs, stated senator Mike Crapo (R-Idaho) said in a released statement.

“The Hospital Insurance trust fund [Medicare] is projected to be exhausted around 2026; there are $60 trillion of unfunded liabilities in Social Security programs; and unfunded liabilities increased by trillions of dollars over the last year alone,” adds Crapo.

Crapo urges Congress and the White House to “work closely together with a sense of urgency to address the challenges detailed in the Social Security and Medicare Trustees Reports. However, “most Democrats want only to expand benefit promises further without generating sustainable trust fund solvency,” he said.

Seniors Depend on Social Security on Most of Their Income

“There is no need to sound the alarm, but now is the time to address Social Security’s long-term solvency – and provide an overdue boost in benefits. Phone calls and emails to Congress are definitely warranted at this critical juncture,” says Max Richtman, President and CEO of the Washington, DC-based National Committee to Preserve Social Security and Medicare, responding to the Social Security Trustee Report released August 31.

According to Richtman, Social Security has never missed a benefit payment in its 86-year history, but remains strong. Even if no Congressional action is taken and the Trust fund becomes deleted, Social Security could still pay 79% of the benefits with revenue coming from regular worker’s payroll contributions. “But that poses a huge financial risk for the millions of retirees who depend on Social Security for most if not all of their income. It also raises a serious political risk for members of Congress who fail to boost the program’s finances so that the trust fund remains solvent beyond 2034,” he says.

Living on an average monthly benefit of $1,540 is tough to do, says Richtman, as retirement savings dwindle, pensions disappear and the soaring cost of senior housing and medical care.

Nancy Altman, President of Social Security Works (SSW) and chair of the Strengthen Social Security Coalition, agrees with Richtman’s assessment of Social Security’s fiscal solvency and impact on the retiree’s income. “Today’s report shows that Social Security remains strong and continues to work well, despite the once-in-a-century pandemic. That this year’s projections are so similar to last year’s proves once again that our Social Security system is built to withstand times of crisis, providing a source of certainty in uncertain times,” she says.

“We don’t have a Social Security crisis, but we do have a retirement income crisis — made worse by the pandemic, which, among other economic impacts, forced millions of workers to retire earlier than planned. The solution is to expand Social Security, as President Joe Biden has promised to do,” suggests Altman.

According to SSW, “about one out of two married senior beneficiaries and seven out of 10 unmarried senior beneficiaries and almost one out of tow unmarried beneficiaries rely on Social Security for virtually all their income.”

Mustering the Political Will

Richtman calls for Congress to closely look at Congressman John Larson (D-CT) legislation to fix and expand the nation’s ailing Social Security program. “For over six years, Congressman John Larson has been driving efforts to strengthen Social Security by adjusting the payroll wage cap so that high income earners begin paying their fair share,” he notes.

Larson has also proposed an across-the-board boost for all retirees, enhanced benefits for the most vulnerable seniors, and a more accurate formula for calculating annual cost-of-living adjustments (COLAs) so that benefits truly keep pace with inflation, says Richtman, noting that the Connecticut Congressman’s proposals also align with President Biden’s initiatives to strengthen and expand Social Security.

“Of course, the default response from conservatives will be to suggest, indirectly or otherwise that Social Security benefits must be cut to address the program’s funding shortfall,” states Richtman said. “Some will insist that Social Security be privatized, which would gamble workers’ hard-earned retirement benefits on Wall Street. Meanwhile, conservatives likely will oppose common sense revenue-side measures that would actually boost benefits, including Rep. Larson’s proposed adjustment of the payroll wage cap.” For Congress to act to advance legislation to strengthen and expand Social Security, voters must put political pressure on their elected officials “to muster the political will to get it done,” says Richtman.

A Final Note…

It’s better to make changes to ensure Social Security’s solvency now, rather than waiting, suggests CRFB, a delay only adds more costs to fixing trust fund shortfalls in a timely fashion.“ Acting now allows more policy options, lets policymakers phase in changes more gradually, and provides more time for workers to adjust their work and savings, if necessary,” the fiscal advocacy group says.

The clock is ticking. There are almost 4,500 days until the project insolvency of the Social Security trust fund. It is now time for Congress to find viable, bipartisan solutions to fixing Social Security and Medicare, once and for all.

The 276-page 2021 Social Security Trust Fund report is available by going to https://www.ssa.gov/oact/TR/2021/tr2021.pdf.