Blog
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We already knew Social Security benefits were rising 2.5% due to the Cost of Living Adjustment (COLA). We now know Medicare premiums will increase, as well, cutting into the increase for most recipients. Centers for Medicare and Medicaid Services (CMS) has announced the part B premium for most recipients will increase by $10.30 from $174.70…
4+ weeks ago -
Just when the Social Security Agency finally had a progressive, engaged commissioner in former mayor of Baltimore and governor of Maryland, he’s gone. Effective November 29th Martin O’Malley is resigning to run for chairman of the Democratic National Committee. Among other positive changes made during O’Malley’s all too brief tenure as commissioner was modification of…
a month+ ago
News
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Summer 2021 Newsletter STILL STANDING…AND PRACTICING I published the first issue of Social Security & You in Spring of 1993. Some years I’ve published more issues than others. The most recent issue was dated Spring 2019: over 2 years ago. The world was a much different place then. Especially for me. Read the full newsletter…
3+ years ago -
Spring 2019 Newsletter An Opioid Story I’ve changed his name. Let’s call him Gerald. He was a laborer. And by that I don’t mean that he just did physical work. He was a card-carrying member the Labor’s Union local. And that meant a lot to him. I represented him for Social Security disability and Michigan…
5+ years ago
TEXAS GOVERNOR ATTACKS SOCIAL SECURITY
Recent entry into the Republican race for President next, Texas Governor, Rick Perry, has attacked the Social Security Act as a “Ponzi scheme”. Like his predecessor, George W. Bush, Gov. Perry wants to make changes to the Social Security system that will radically change the agency’s mission.
President Bush proposed making contributions voluntary and wanted to allow workers to direct some of their money into the stock market. The market collapse and current volatility demonstrates the folly of that idea.
Gov. Perry’s analogy to the type of fraud perpetrated by investor, Bernie Madoff, is not only insulting to those who have paid into the system that supported their parents but shows a complete lack of understanding of the economics of the system.
As I have explained for years in my print newsletter, Social Security & You, a few minor tweaks and some reality-based changes such as acknowledging the longer working lives of this generation of Americans can strengthen the system. The demographic bulge of the Baby Boomer generation will be through in 30 years or so and the Social Security trust fund will stabilize.
Those considering voting for Gov. Perry for President should consider his rash comment about Social Security very carefully.
Call today if you have questions about the Michigan Social Security Disability Attorney and Lawyer Services provided by William Crawforth.
To schedule an appointment call 800-864-1244 or fill out the contact form at the top of this page.
