social security benefits that i hope to get and my children hope to get social security is not just every tired man benefit it's a three tier benefit so it helps millions millions of seniors stay out of poverty and live a decent life in their retirement but it also helps disabled people when disabled people need our support as a society and helps them function and just as importantly is the survivor benefit so that if working people are killed unfortunately in some circumstance their children will have a source of income. the. the . the greatest pieces of idiocy ever suggested was privatizing social security. why do just with pensions if it works for pensions take the whole social security fund the one element of the new deal reform plans and still remains and put that in the stock market this had been a goal of the anti franklin roosevelt anti new deal conservatives from the 1930's already it actually came as prose lee close to happening as it ever could have under the presidency of george w. bush. the economic president i think because i'm self your younger worker i believe you sh

social security, medicare, medicaid are off limits.e a democrat and you believe in families. senator harkin and begich told me about their solution. >> this is an unfair system right now. the way it works now, and you remember if you were a senior or disabled and didn't get your cola in '09 and '10, it's because the cola, the cost of living adjustment, is based on what we buy. what seniors buy is much different. so we modify that in our bill to make sure elder seniors are taken care of in the way that if there is an adjustment on their cost of living for prescription drugs, other things that they buy, their social security check goes up. but ours adds up to 75 years in total length. that's a pretty hefty change from let's just dismantle it and hope and pray it works. >> republicans want to raise the retirement age as well. >> i always get a kick out of people who wear shirts and ties and sit behind desking all their lives telling americans you don't have to retire at 65. you can go to 70. how about the woman who stands on her feet behi

social security benefits that i hope to get and my children hope to get social security is not just every tired man benefits it's a three tier benefit so it helps millions millions of seniors stay out of poverty and live a decent life in their retirement but it also helps disabled people will be here when disabled people need our support as a society and helps them function and just as importantly is the survivor benefit so that if working people are killed unfortunately in some circumstance their children will have a source of income. the. the . the good of the greatest pieces of idiocy ever suggested was privatizing social security. why do just with pensions if it works for pensions take the whole social security fund the one element of the new deal reform plans and still remains and put that in the stock market this had been a goal of the anti franklin roosevelt anti new deal conservatives from the one nine hundred thirty s. all it actually came as pros lee close to happening as it ever could have under the presidency of george w. bush. the economic president i think he calls him

social security benefits that i hope to get and my children hope to get social security is not just every tired man benefit it's a three tier benefit so it helps millions millions of seniors stay out of poverty and live a decent life in their retirement but it also helps disabled people when disabled people need our support as a society and helps them function and just as importantly is the survivor benefit so that if working people are killed unfortunately in some circumstance their children will have a source of income. the. the . the the greatest pieces of d.c. ever suggested was privatizing social security. why do just with pensions if it works for pensions take the whole social security fund the one element of the new deal reform plans and still remains and put that in the stock market this had been a goal of the anti franklin roosevelt anti new deal conservatives from the 1930's already it actually came as pros lee close to happening as it ever could have under the presidency of george w. bush. the economic president i think he calls himself your younger worker i believe he sh

what happened to the social security lockbox.you think your money is going to be around, go give it to them. i wouldn't. >> adam, charlie kind of alluded to the fact that there is a crisis, a savings crisis, particularly amongst lower earners. so california a nanny state or doing the right thing here? >> well, we need to remind everybody sort of dagen implied we already have a mandatory retirement savings plan, it's called social security. which by the way is not going to run out of money, dagen, because we'll save it. l there are relative live easy fixes. >> nancy pelosi is going to fix it? there's no problem according to her. >> i don't think that a state-run mandatory plan is probably the best way to go, nor will it succeed politically. a voluntary one probably is a pretty good idea. >> i know what you're going to say. >> just that, that a voluntary one would be a good idea. >> we should point out it's passed the -- >> the preliminary has passed. this is also california. >> jerry brown? >> adam, you guys are the self-infliblgt

president roosevelt's new deal put millions back to work provided unemployment insurance created social security and made it easier for workers to join unions and bargain collectively. what f.d.r. in the government and the balls to do was enact legislation that really took command of the wall street environment and said you know what you can't speculate with other people's money. coming out of the great depression just three laws fundamentally altered the course of america's history the first one f.d.i.c insurance make it safe to put money in banks the second one glass steagall try to separate the risk taking on wall street from your local community bank and the third one ses the regulations provide some cops to watch the robbers out is that what we got was fifty years of economic peace no financial panics no meltdowns and during that fifty years we built a strong and prosperous middle class in america after world war two the new deal evolved into a great deal with the american people growing prosperity and social justice seemed to be everyone's destiny as the u.s. economy exploded into the grea

gerri: mark, are people trying to use this information, because it is even valuable than social security numbers. >> it is very valuable information, an even companies that use the information for what we might have to be acceptable purposes, still run a very, serious risk of security breaches. there are more and more stories about prescription record information. diagnostic, information, other medical information, that gets hacked, that gets disclosed. you know,t people walk out with. and i think, this is a reminder, even to the good companies, that we're going to need stronger protections in place because for identity thieves to have access to this amount of data is just too attractive. gerri: well not like with regular old identity theft they had access to your bank account maybe. they have access to the insurer's bank account. that is one big plus for them. thanks for coming on tonight. great job. fascinating conversation. we'll continue to follow this. thanks so much. >>> meanwhile, obamacare, putting your medical identity at risk. the law creates a federal database for patient info

gerri: it is worth more to criminals and your social security number or your credit card. any cases, it is less secure. i'm talking about your medical cords. we wanted to find out just how easy it was for the bad guys to steal your medical data. we decided to try it ourselves. the results were shocking. i sat down with nothing more than a laptop and internet connection with our guests and weere able to access a vast trove of information. >> people are stealing medical records. what is it that they are getting? >> credit card information has been stored for a mile. as well as financial information. but health records are turning out to be extremely valuable on the black market because of the great information that is in there. social security numbers, date of birth, financial information. it is a gold mine. gerri: numbers that are out there, 92% of health care systems have talked about their systems have been compromised in some ways. gerri: where is this information stored? >> it is stored on a server. >> it could be a gator center of a major hospital. that is what the key

he has his social security but that's not enough. we would have had to do the medicaid spin down i guess. >> what's the hardest part for you? >> just watching your dad deteriorate is hard. you can imagine what it would be like with your folks to watch them get a little worse every time you see them. well it's like that every day, you know. you make it work. you suck it up and go on. >> yeah. >> because i don't think i have a choice with that. i can't just walk away from him. and i don't. >> yeah. >> see, now there, look at that custard pie. >> wow. >> wonderful. >> is this the one you made? is this yours. >> yeah. >> that's good. >> look at that. >> you did good. >> how did we do tootoo? >> i told becky somebody in the family had to learn how to make custard pies. >> so now i have a big torch to bare. so we went and looked at retirement communities today and i was wondering what your thoughts were on those types of places. yeah. >> this is tootie's rest home right here. it's going to be tootie's rest home as long as i'm capable. i ge

president roosevelt's new deal put millions back to work provided unemployment insurance created social security and made it easier for workers to join unions and bargain collectively. what f.d.r. and the government and the balls to do was an act legislation that really took command of the wall street environment and said you know what you can't speculate with other people's money. coming out of the great depression just three laws fundamentally altered the course of america's history the first one f.d.i.c insurance make it safe to put money in banks the second one glass steagall try to separate the risk taking on wall street from your local community bank and the third one ses the regulations provide some cops to watch the robbers out is that what we got was fifty years of economic peaks no financial panics no meltdowns and during that fifty years we built a strong and prosperous middle class in america after world war two the new deal evolved into a great deal with the american people growing prosperity and social justice seemed to be everyone's destiny as the u.s. economy exploded into the gr

other people write about how social security was not happening in the vacuum but he did a lot to move the agenda for word by treating the social security bureau bureau, mccready and the fda and what happened to those u.s. agencies when the government went to war? of the challenge for roosevelt was that everybody felt great about the u.s. getting involved in a foreign entanglement there was strong isolationism and there were members of congress who put roosevelt between the rockets and the hard place because they knew he wanted to get the u.s. closer to war footing looking at the pacific he also knew he wanted to protect his social welfare programs and he had to choose whether to use the federal government to pass it and build up the defenses or prepare for war or protect the social welfare programs. he had a super agency to blur the distinction. >>host: there is also one about president bush. whose idea is that? national commissions or university commissions to protect the country from terrorism in the borders more effectively the actual process to create a cabinet agency had forces t

plus by dramatically increasing the social security tax as recommended by alan greenspan to ronald reagan we shifted the burden of government so that today seventy some percent of americans pay a heavier share of their income in social security and medicare taxes then they do in income taxes and we pushed the burden down at the same time at the very very top we radically cut taxes so that the one thousand richest men women and children america face an effective total federal tax rate social security and income taxes about seventeen cents on the dollar and their average income is two hundred sixty three million dollars after decades of lobbying driven by corporate money the tax code is now full of loopholes and special deals that help big business avoid pain its fair share to avoid paying taxes u.s. corporations have stashed more than one point five trillion dollars in offshore accounts. corporations only pay thirteen percent of the federal budgets revenues added to have trillion dollars corporations only pay thirteen percent so i just want to list some ten the ten worst corporate tax avoi

president roosevelt's new deal put millions back to work provided unemployment insurance created social security and made it easier for workers to join unions and bargain collectively. what f.d.r. in the government and the balls to do was enact legislation that really took command of the wall street environment and said you know what you can't speculate with other people's money. coming out of the great depression just three laws fundamentally altered the course of america's history the first one f.d.i.c insurance make it safe to put money in banks the second one glass steagall try to separate the risk taking on wall street from your local community bank and the third one ses the regulations provide some cops to watch the robbers out of that what we got was fifty years of economic peaks no financial panics no meltdowns and during that fifty years we built a strong and prosperous middle class in america after world war two the new deal evolved into a great deal with the american people growing prosperity and social justice seemed to be everyone's destiny as the u.s. economy exploded into the grea

so now all she has is social security. >> wow. outlived it by six years already. >> yes, already. >> does she have any savings at all? >> as far as a savings account, it's just about depleted. >> yeah. you have to basically live on -- is that all paid for by social security? >> what? >> like everything you have to pay for. >> mostly. >> and how much do you get a month on social security? >> $1300 after everything is taken out of it. >> so that's after they take out medicare. >> they take out $97 for i guess that's medicare part. and then -- and i pay blue cross $257 a month. >> so what are all your other expenses? what are the things you have to pay for every month? >> i have nine different bills. my garbage. that's $18 a month. my gas bill is all budgeted to $94. my electric bill. last month it paid $139. my cable is $68.53. and my phone was $52.79 this past month. and my water is $68.82 a month. >> so once you get your social security check, plus your other bills, that money is gone? >> yeah. >> yeah. no matter where you live, a

ey do have to handle medicare and social security.country. >> we must enforce the tax law. we can imagine what will happen is the one we have been talking about it for weeks. crooks and criminals all over the world have access. the irs having access is very concerning. >> or electronic medical records are part of your tax returns. that is the debate. that will be a big deal. gerri: it will be scary. this is greta. she works in quality control. she makes a nifty living sleeping on mattresses pioneered by engineers whose singluar devotion is not stopping until they have given hethe best sleep of her life. that's not greta. save up to $500 on the tempur-ergo collection and get your best sleep possible. visit tempurpedic.com to find a store near you. [ susan ] i hate that the reason we're always stoppin is because i have to go to the bathroom. and when we're sitting in traffic, i worry i'll have an accident. be right back. so today, i'm finally going to talk to my doctor about overactive bladder symptoms. [ female announcer ] know that go

we must supplement our social security. these strategies can make a difference in america's planning and future. as everyone in the room knows, people in washington give the grade on a lot of things. the purpose of a secure retirement should not be one of them. the value of retiring piece of mind and dignity is recognized across partisan lines. it is something that all the software family members and for ourselves. that is by aarp is here today with a joint statement. we knew that we could find something to agree upon current organizations have resources to strengthen security. each need and will work together on this issue and create a safe place for the president and congress to come together and develop real solutions. today we are hoping to start a national conversation for it. this includes responsible commonsense ideas. unlike some of the other comes in our nation faces from a lack of retirement savings is actually one that we can fix. that is what the aarp members are asking us and we are listening to them. i would li

for example, social security system is set to go broke in 2033. and they found that if reform were enacted they would go broke 2035. not a big difference. may not be any difference at all because the data has been moving around. >> neil: never the same. i am wondering here, the argument for getting this bill law is you take all of this off the book works and put them on the books and they're paying real taxes and fica and shoring up a system that needs shoring up, the argument seems to be no one is calculating how much that system is going to be costing once they beneficiaries as well. >> part of it you heard senator corker talking just before us. he is suggesting they're going to be paying taxes for the first ten years in which they won't be eligible to receive any federal benefits. we'll see if that is actually the case, if this bill becomes law. but there's lots of moving parts. yes, they will be paying more taxes, but low-skilled, low-wage immigrants in the united states tend to use more in federal services than higher skilled workers. so that

but we have not done is dealt with medicare and social security. the part of your question the one party will not raise revenues, we have done revenues. what we have not done is entitlement reform. for this party -- for this panel to the balanced, you would have wanted to invite some of the far right to make this case. they would say, we have done everything but entitlement reform. >>that is a great example of how this conversation gets skewed. one of the reasons i we have medicare, we have taken a lot of money out of medicare. we have a lot of reform in medicare. it is just not counted. >> it went back into a new program. >> there is deficit reduction at the end of that. we are taking money -- we are taking money -- the affordable care act itself was a deficit reduction strategy. >> particularly in the long- term. >> i think one of the challenges that has been so disconcerting in why we are concerned overall is because if you look at what happened, the entire conversation does move right from the framework. the president is willing to put much to

they don't have to list whether they get social security. some of them do. a handful just listed that they collect x amount. but i can only look at what is publicly reported and what they're required to report and they're not required to report those federal benefits. host: let's go to california independent line. caller: i'm another one that's affected by the windfall, i'm a teacher when i retire i will lose about $1,000 of my social security. i'm not rich but i decided not to have children and work for my ex husband's company it's affecting me in a very negative way. i am wondering if there's any action that's going to be taking place to chining this windfall. guest: i've not heard of any congressional push to make any changes to those benefits. host: thanks for your call. indiana, keith on our democrat's line. caller: my question is this. it seems like we're set up to fail from the beginning when it comes to taxes. you take someone as young as they're starting work and immediately they take tax out of their first paycheck that they get. i would think it w

>> social security is running out of money.nd then you get 75 cents on the dollar and then you look at california. and what could go wrong? >> charles: how about state run? >> listen. obviously responding to real problem. a lot of people retire broke. here is the problem with their plan. essentially forcing them to save as part of a system that essentially is a ponzi scheme. state pension fund systems are under water. not enough money goes in. they are forcing people to be part of a ponzi scheme that probably can't repay them when they retire. >> charles: they say you are going to get the money back with interest. how do they know that? >> that is what i'm asking you. money man, gary k.. >> my advocates said california is down about $800 billion. have you noticed anything in the last few months on broader scale, there has been taking all our retirement money and let them dole it out to us. california is trying to be the trend setter. when the word word trust and lockbox, whatever happened to the social security lockbox, go give

social security card, number one. >> okay. anything else?> well, you know you are probably going to need to increase your life insurance. life insurance agents crawl on top of you. here's what you need to know. in most cases term life insurance will most likely be the most affordable option. >>> a new baby means you have to either draft or update your will. you have a wrinkle to deal with. it's the issue of guardianship. when i was a financial advisor, the biggest fights i saw was over guardianship. oh, your brother's bad, your sister can't do it. i don't care who it is. it's so imperative you and your spouse come together on who will care for your child if something were to happen to both of you. if you don't do anything, the state decides. that doesn't seem like a good plan. for a primer on estate planning, go to jillonmoney.com. >> you are always giving us good advice. thanks so much. >> let's turn the topic to southern california. that mountain fire is posing more threats. powerful down pours are raising the potential for flooding and mu

we are trying to convince these eighteen people the social security is solvent it is not affecting the debt it is not the way to solve the debt the way to solve the debt is to create more jobs.

has been the labor movement that has supported the interests of all workers you wouldn't have social security you wouldn't have unemployment compensation you wouldn't have medicare you wouldn't have all of these things which are not just for labor union members as the bumper sticker says they are the people who brought you the weekend. he was able to pull off an ideological counter-revolution and by the time he was over most of the new deal and dismantled. while reagan was breaking unions and demolishing regulations he also convinced congress in one thousand nine hundred want to pass his economic recovery tax act cutting the top tax brackets by nearly a third but raising taxes on the middle class by dramatically increasing the social security tax as recommended by alan greenspan to ronald reagan we shifted the burden of government so that today seventy some percent of americans pay a heavier share of their income in social security and medicare taxes then they do in income taxes and weep. pushed the burden down at the same time at the very very top we radically cut taxes so that the one thous

and remember, that is including social security. americans who do have access to savings plans at work, are on track to replace 73% of their pre-retirement incomes. that's still less than we should aim for, but it is radically a better result. workers who are active in defined contribution plans are on track to replace 79% of their worklife income. those who are automatically enrolled in the plans are doing even better, tracking towards 91% of income replacement. those who are enrolled in auto escalation are headed to 95% replacement rates. perhaps most strikingly, those who differ rates at 10% or more stand to replace over 106% of their working income, once they choose to retire. that, my friends, is success by any measure. and we not talking about some tiny outlying exception your. we estimate that 23 million individual retirement savers are on track today to replace more than 100% of their current income in retirement. and they come from all income classes, not just the well-to-do. and that's what i put the next round of retireme

or someone had foolishly put a social security number on a document?ook at this stuff as soon as it comes out. there was a watchdog group that looked at it and said, are we sure we're supposed to be seeing this, went back to the irs, and there were multiple incidents of this that could push into the thousands. >> my social security number was somehow on this, would anything happen to me or it could be used in anyway? >> we don't know, it was only up there for a short window. the idea of the carelessness that went into this, suggests another level of confidence. >> i don't think people watching tonight are the least bit surprised. most people think it was a mistake and not done intentionally. >> the irs is overseeing this very complex election with all these different intricacies, we saw that with the groups a couple weeks ago, we're seeing it now with these 527 groups, they're not equipped to do this, and they don't have the structures in place to make sure there aren't breaches. >> they're not doing too well in the pr area. >> rick klein, thank you. >

and incorrect social security and birth date. we did put some of the things off that we had planned to do during this phase because we couldn't get credit. >> equifax is expected to appeal this award. one in four credit reports contains some kind of errors. >>> a united airlines employee and his wife have been charged with stealing luggage in the aftermath of the san francisco plane crash. crudup and thomas out on bail. the pair stole luggage which arrived at the airport unattended after a plane was diverted because of the crash. >>> a little girl from arkansas is battling a brain infection she likely contracted at a now-closed water park. they voluntarily shut the park.

8 times over a two year period to correct everything from her accounts she didn't open to her social security numbers and birth date. that did not happen so it damaged her ability to get credit. equifax declined to comment on the specifics of the case but is planning an appeal. earlier this year a federal study found as many as one in five consumers has errors on the credit report. $18 million will fix that in a hurry. >> yeah, if she applied for a loan and couldn't get one, well, your loan days are over. >> mean tile, lea michele has broken her silence. she issued the first public remarks following the death of her boyfriend and costar cory monteith. she said thank you for helping me through this time with your enormous love and support. corey will forever be in my

tonight on "the willis report" social security disability payments skyrocketing.he entitlement program is broke the new report says most people getting a federal disability check are fully capable of working. also, the obama administration is frustrated with the rate of economic growth. and new fakes. just change how we measure the economy. >> cut our deficits by nearly half since i took office. gerri: the inside scoop on the woman who sued her credit reporting bureau and $118 million. the case could be a big win for all of us. we're watching out for you tonight on "the willis report." ♪ our top story tonight, millions of people choosing to stay on federal disability benefits, even though they are fully able to work. now, that is according to a blockbuster story today in the washington examiner. the news comes as the social security administration publishes the latest figures on the number of americans drawing disability checks. more than 76,000 workers wwnt on disability just this month being the total this year alone to 534,000 altogether a record 11 million peo