prices down, monthly social security and supplemental social security income benefits for nearly 65illion americans will not automatically increase in 2016. our evious caller talked about pensions and such. news from the "atlanta journal-constitution," courtesy of the newseum in washington, a headline about georgia's pension system. they say that georgia's pension system for state employees saw a $300 million decline in assets during the recently completed fiscal year. as a volatile stock market and rising payouts to the retiring workforce affected the fund's bottom line. reports released by the department of audits and accounts last week showed pouring anre ever-increasing amount of money into the employee retirement teachernd a separate retirement system, which pay benefits to more than 150,000 state workers and educators. read more at ajc.com. 202-748-8001 for republican callers. 202-748-8000 for democratic callers. 202-748-8002 for independents. for social security beneficiaries, 202-748-8003. dave on our republican line in indiana. hi.er: time.y c-span all the being from indian

i am 47 years old and i used to get social security statements from social security. was wondering, how will this affect me probably by the age of 65 in terms of social security benefits? go asso, where could we citizens to find out this information? that is it, thank you. sir, there are a couple of things here. this will not affect your benefit -- sure, there are couple of things here. this let federal benefits in the future. wages goingand earn forward, your benefits are based essentially on your average lifetime wages. what they do is take your wages when you were younger and inflate them up to current dollars and they use a wage index for that, which is generally higher than a price index. retire and you already have your benefits set, they use the price index to adjust and each year. although wages have not been going up all that much, to be sure. this will not affect you much. there is a website you can go to .gov icialsecurity believe. you can google it. you can plan your retirement and when you should retire and when you should apply for benefits. securityial

social security?major source of income, a minor source of income, or not at all, 48% said a minor source, 14% said not a source at all. lou, evansville, indiana, democrat. we are getting everyone's thoughts on social and medicare. welcome to the conversation. go ahead. caller: hi. good morning. at our state here in indiana, i got injured on the job, and i was hitting -- i got injured at 62, and now i am 63. i do not plan on getting hurt. i actually talked to my employer but i wanted to go ahead, semiretired, retired at 62, and work part-time, but of course it did not work out that way because i got hurt. for me to get on social security disability commodity, like, nine which i do not have a problem with that, and i have a son that is on social security disability, he was hit by a drunk driver about 10 years ago, and it sent me three years to get him on social security disability. i did not have an attorney or nothing. host: it took you three years to get him on it? caller: at the time, they did is ono

with regard to social security, there are no cuts to social security.here are changes that take place, but they are minor. go further,ou say as far as dealing with the issue of social security fraud, how far would you go? guest: eliminate the fraud. if someone is honestly disabled, fine. people are abusing this program. what usually happens is -- we saw in workers compensation -- when the economy goes down, people turn to workers compensation to compensate their income, often, fraudulently. inhink one of the reforms this required that there be a medical evaluation, not just a clerk taking in information, but a medical evaluation. that is important. host: you do serve on the transportation and infrastructure committee. what do you expect to happen? guest: the house of representatives -- i think this week, maybe next week, depending on how the budget deal goes -- will take up a transportation infrastructure built. we know that at the end of this month, there will be -- actually, we have to kick the can down the road. we will kick the can down the so, and

collecting social security. does it pay to delay. navigating the tricky rules to make sure you get the most you can. >>> the tiny company helping giant companies figure out more about you and how they make money using free software. >>> and is america falling behind in the digital race? why the chairman of one of the esh most important technology companies is issuing a warning. "on the money" starts right now. >> this is "on the money, your money, your life, your future. now becky quick. >> if you want to know what bill clinton thinks about the state of the world all you have to do is ask. that's what we did. we spoke about politics, hillary clinton's run for the white house and america's economy. that is our cover story this week. >> if you look at how the american economy is doing compared to most other big economies in the urlworld inclug developing economies including the bric we are doing quite well. we have more than regained the jobs lost in the recession. it was a big crash and usually those things take a decade to get over.

this bill is supported by groups such as social security works, the strengthen social security coalition and the national committee to preserve social security and medicare. i urge my colleagues to join me in letting seniors in hawaii and all across the country know that you are on their side by cosponsoring the protecting and preserving social security act. i yield the floor. mrs. gillibrand: mr. president? the presiding officer: the senator from new york. mrs. gillibrand: mr. president, two days ago another victim of the september 11 attacks died in new york. he's the 11th first responder to die since this anniversary -- since this year's anniversary of the attacks. his name was sergeant gerrard bayrod. he served for decades in the new york police department. his entire career was devoted to serving his community and keeping the people around him safe. and when we were attacked on september 11, 2001, sergeant bayrod didn't waiver. he banded together with thousands of first responders from around the country, from every single state, and he rushed to ground zero to help. these heroic me

>> anybody who's on social security now doesn't get a cola.o they're already missing out on not getting a cola. in addition, there's 30% who are going to see probably a 50% increase in their premiums and on top of that everybody, all medicare beneficiaries are going to see a 50% increase in their deductible. so everyone is going to be harmed here. some very much so by these large spikes. >> so what changes can be made to make sure there is a cost of living adjustment given every year? you say that looking at the cpi traditionally is not necessarily the way to look at it when just because there are low gas prices doesn't mean that prices for older americans, prescription drugs, deductibles and many other costs are going up. >> right. currently the cpi that's governing social security benefits is really a cpi for workers. and seniors tend to have a different market basket. we think if we use a different market basket that reflected what seniors purchase we would have a different measure that's more accurate and in this case this year we would ob

today, personal responsibility is beloved of the candidates and drives a lot of the theorizing social security it into a plan and less social insurance, yeah but some privatization wouldn't protect people from their choices and bad luck but force them to feel the full impact of them. as in the great meltdown we just lived through a few years ago when it became apparent that millions of americans middle aged and older have not reference saved enough for retirement. unless you count enough to get you through a year or two of retirement as enough. there is always more to the story and these debates give us an opportunity to hear candidates say nice things about their parents but it never feels there is enough time for yeah but. i'm ray suarez, and that is the "inside story." ♪ >> this is aljazeera america. live from new york. >> to me, the house of representatives represents what's best of america. >> speaker of the house, paul ryan, promises a new era on capitol hill. the challenges within his own party and with democrats. >>> culture clash, saudi arabia's concerns and demands to the u.s. as ira

>> i think the mechanisms for social security are largely pretty clear. there is a payroll tax. pay in to the system. and then -- >> as does your boss. >> true. and then the system invests in squa government debt. eventually you get a benefit back. maybe it's not worth it, maybe you'd rather have the money now or invest it yourself, and it's fair to build on. to say the system is particularly opaque or difficult to understand, i don't edon't think that would be fair. other retirement plans function in a fairly similar way. you contribute and get something out at the end. >> government hucklebee is one of a few candidates to push back, when it comes to tinkering with medicare. he made a point about preventible disease that you don't hear in discussions with medicare. it has to do with finances, and how we pay to keem people well -- keep people well 10, 20 years from now. the big for are preventible through lifestyle changes and people save money. it was refreshing in a way. >> i think there's two different ways, i think, of going about reforming the health care programme. medicar

according to the social security administration, social security has about $2.8 trillion in its trust fund and can pay out every benefit owed to every eligible american for the next 19 years. now, that tells us that we don't have a major crisis but frankly, 19 years is still too short a period of time and we have got to figure out how we can extend the life of social security a lot longer than that to make sure that our kids and our grandchildren know social security will be there for them. in my view, the fairest way to extend the life of social security for the next 50 years is to make sure that the wealthiest people in this country, many of whom are doing phenomenally well, are start paying the same percentage of their income into the social security system as the middle class and working families of our country currently pay. right now, as you know, somebody who is making hundreds and hundreds of millions of dallas a year, pays the same amount of money into the social security trust fund as somebody who makes $118,500 a year. in my view, that is wrong. what i would do, and we've i

i would know about social security.you put people back to work, that should help social security out. my problem is in the black community, the people from 18 years old to 35 years old, they are out of work. i know this for a fact. another? would like you to answer for me -- ben carson, the republicans is backing him. they don't even like barack obama. that they'ree going to dominate him to be president? i don't see that at all. host: ok, congresswoman? morning, this color has hit it on the nail. you have hit it on the nail. , i remember when president obama first came in and the auto industry collapsed, what a major catastrophe that was here it -- what a major catastrophe that was. we really have our eye on making sure that we do much better with job creation for young people. yesterday, i participated in a hearing led by minority women to talk about making it in america. the bill i introduce was to forte a job-training bill individuals by giving them a stipend while are learning and working with small businesses. that

great resource pop social security. main thing, figure out your potential benefits now while working, figure out how much you need to save on your own. that's part of are it and how long you need to work. >>> up next "on the money," a look at the news for the week ahead. at the digital age goes global, the chairman has a blunt warning for theuntry. surprising words from a tech >>> for more on our show and guests go to were your website. otm@nbcuni.com. >>> here are stories coming up. monday, ism non-manufacturing index for september. measure how the services sector of the economy is doing and its important, by far it's the largest portion of our economy. also on monday, the u.s. supreme court starts a new term. i'm loving it beginning tuesday. that's when mcdonald's starts serving breakfast all day. and on wednesday, we get the consumer credit report for the month of august. thursday, minutes from last month's federal reserve open and on friday, this year's nobel peace prize winner is announced. at the clinton global in

of social security. i think that's the role for this flexibility. i think people should be encouraged to save a lot on top of social security, but i think that -- >> but you would -- >> yeah. i think that you really need flexibility, because many times either people need money for current expenditures or if you, you know, if you have mandates also, you often end up -- even if it's a very small fraction of people, you know, if you impose enormous hardship on just 1% of the population because you haven't quite structured the mandate in the right way, that can offset almost everything else that you're doing that's good with the rest of system. and so i think that, again, the real advantage, you know, i gave one example, but the real advantage of having a system where it's kind of a strongly-suggested default but not one that we're going to absolutely force you to take is that you get the main effect of a mandate for 90% of the people. it's just that for that last little bit that really need the flexibility,

if you start with the social security reforms, congress hasn't passed a reform to the social securityit's taken over 30 years to get reforms programmed. the reforms in this program, especially as it relates to disability, a program that's headed for direct bankruptcy, are very important to make sure that seniors are protected from the kind of cuts that could come from bankruptcy as well as people with disabilities that have been clamoring for reforms to prevent people from abusing that program, from the double dipping and the fraud involved in that program. the fact that it's taken over 30 years to get those kind of reforms to social security are very significant to strengthening the program for people who use it and rely upon it. the other thing is there has been a big fight within our conference between fiscal hawks and defense hawks, to get budget numbers that work, but in a fiscally responsible way. some people said you couldn't accomplish both. in this budget agreement, we actually saw that in a way where both fiscal conservatives and defense hawks can come together and get an ag

it weakens social security. we need to be looking at ways to strengthen social security, not raid it and weaken it. $150 billion in funds will be siphoned off from america's payroll retirement contributions, and it's taken out of the social security fund and transferred to the disability program. .4% each year of the amount of the income of an american. this will weaken the social security trust fund by $150 billion, while politicians all over america continue to promise that what they're doing is acting to strengthen the social security trust fund. i mean, we've seen the disability trust fund heading to disaster for several years now. "60 minutes" and program after program have shown abuse, fraud, and just total mismanagement in that program. it has not been reformed. it needs fundamental reform. they made a few changes in the program that i'm sure are worthwhile but none that come close to putting the disability fund on a long-term, sound basis. it's basically a gimmick to get past the social security disabili

great resource pop social security. main thing, figure out your potential benefits now while working, figure out how much you need to save on your own. that's part of are it and how long you need to work. >> sharon, thank you. >>> up next "on the money," a look at the news for the week ahead. at the digital age goes global, the chairman has a blunt warning for the country. surprising words from a tech titan when we come right back. my guys are with me, every step of the way. cause i'm with cigna healthspring medicare advantage. that's them. they check out my prescriptions to make sure there aren't any problems. they help keep me going strong. thanks! they make medicare work for me, just like they have for millions of others. because with cigna healthspring medicare advantage, i've got a team that's got my back. that's how we roll. cigna healthspring. together, all the way. >>> for more on our show and guests go to were your website. otm@nbcuni.com. >>> here are stories coming up. monday, ism non-manufacturing index for

we have to keep social security for the people that really need it. so important. lause] and make america energy secure by 2024. it's almost energy secure now. because of technology, what we have on the ground is enormous. but we are not allowed to exploit it. and we have more than anybody. we have really good stuff. i have friends -- we have the best stuff. the really best stuff. i'm not talking about the tar sands. which are fine, but it is very expensive to get the oil. it costs a lot of money. we have the best stuff. we have prime. and we don't use it. and yet we are not allowed to use coal anymore. and yet we export coal to china. and we say china has to go under the agreement but they don't have to go under for 25 and 35 years. how stupid are we? how stupid do they think we are? how stupid do they think we are? [applause] it's like our military. i love the military. him and i love our veterans. i will take such great care of our veterans, believe me. i have a lot of my friends here. a lot of my friends here, the veterans. our veterans are being treated -- wors

the same principle goes for social security. yet twice now these vital programs have been used to fund budget deals, and medicare sequestration is sticking around long past its original expiration date. this legislation preventing a calamitous default is coming down to the wire, and i would tell colleagues, this is a must-pass bill. i support it, and i would urge democrats and republicans to do so as well. i would also say, we talk about where we go from here. it is important to recognize that medicare and social security must not be used as a.t.m.'s for other spending in the future. the bottom line has to be that the process of reaching a budget and keeping the lights on in this wonderful institution, the people's branch, keeping the lights on and the process of reaching a budget has to change. the congress cannot continue to just go from crisis to crisis to crisis. it's our job as lawmakers, working with a bipartisan way, to set the right temperature in our economy with smart, afford, forward-looking policies that keepolicies

give anybody negative social security payments. can't take money away from people. if you're on medicare, paying premiums, typically automatically deducted from your social security check. that would put you in negative. deirdre: part of the law protects as you say. in essence seems like, and i was reading along with you, seems like 30% of the people who do receive social security are essentially going to be paying medicare benefits for everybody else? >> that's correct. absolutely right. deirdre: so that means what on a month to month basis? payment more than 50 bucks? >> what will happen to these folks, they will receive a 52% increase in their premiums. that means at least $600 per person. for others more. generally applies to people who make what social security administration thinks of as a lot of money. 85,000. perhaps 120,000 as a couple. think about this. step back to think about this. you can blow 85,000 in one extremely bad year treating multiple cancer, whatever. at end of the day these folks will carry water, carry weig

of social security.hink that's the role for this flexibility. i think people should be encouraged to save a lot on top of social security, but i think -- >> you would -- >> yeah. i think that you really need flexibility because many time toes either people need money -- many times either people need money for current expenditures, if you have mandates, also you often end up -- even if it's just a small fraction of people. if you impose enormous hardship on 1% of the population because you haven't structured the mandate in the right way, that can offset almost everything else you're doing that's good with the rest of the system. so i think, again, the real advantage, you know, i gave one example, but the real advantage of having a system where it's kind of a strong hi-suggested -- strongly-suggested default but not one we're going to absolutely force you to take is that you get the main effect of a mandate for 90% of the people. it's just that for that last little bit that really need the flexibility, you

we're talking about a half of social security recipients rely on social security for 60% or more of the retirement income. it's affecting a lot of people. >> if you were counting on that money and not going to get, what can you do? >> we were talking about low gas prices and driving around. one of the things that seniors and everybody often pays too much for is car insurance. looking around to see what kind of discounts to get if you're a safe driver, with an extra safe car, you can get discounts. if you've had your car for ten years or more, you may not need collision or comprehensive coverage. you can save money there and talk about your mortgage and will you be able to refinance? rates are still at historically low levels. not at the lowest but see if you can do something there and then even with your savings and we know savings rates are really, really low. look for one of the savings that will give you just a little bit more interest on your money. >> in terms of what expenses they're facing, in terms of the higher medicare expenses, when does that kick in? >> that's a problem with

back to the issue of social security, chris christie said the social security program created a bunchf ious. the fact of the matter is those ious are federally backed treasuries, securities, bonds that are backed by the full faith and credit of the u.s. government. there's no safer investment in the world than u.s. federal government bonds, but again, the rhetoric tonight is one certainly for certain republicans of trying to frighten people in order to try to get the policy changes to gain traction. >> let's bring in frank. he's the director of the school of media and public affairs at george washington university. he was also the bureau chief for cnn in washington. frank, you have heard discussions about social security and income inequality for decades. cnbc decided they wanted to try to get these candidates largely to focus on economic issues. they didn't do a bad job of getting the candidates to focus. not a lot of solutions, but like the fed, like the democrats, like the debt, they had a lot of boogie men they were talking about. >> it was mostly boogie men, and i was disappointe

great resource pop social security. main thmog, figure out your potential benefits now while working, figure out how much you need to save on your own. that's part of are it and how long you need to work. >> sharon, thank you. >>> up next "on the money," a look at the news for the week ahead. at the digital age goes global, the chairman has a blunt warning for the country. surprising words from a tech [instrumental music playing] windows are the eyes into the soul of the home. ugly soul. go to blinds to go with the largest selection of blinds and shades custom sized noand guaranteed for life. they're a designer's best friend. trust me, they make window decorating easy. back to school? how about...back to blinds! during blinds to go's early fall savings sale, save 20 to 30% on all the season's latest looks in cellular shades and cascade double shades. that'll really make you look smart. blinds to go. blinds for life. >>> for more on our show and guests go to were your website. otm@nbcuni.com. >>> here are stories coming

there are actually more appeals in the social security administration, in the social security disability program than there is on death row, which puts people endlessly in this cycle of endless appeals, it feels like year after year, and it continues to rack up the cost both to the taxpayer and the effect on those that are on disability. there is nothing in this bill to ensure that a claimant's medical record is well developed so when they come up for a continuing disability review they can make an informed judgment to actually evaluate whether they're medically improved or not. there is nothing in this bill to conduct oversight of the administrative law judges or claimants or representatives. the bill increases the numbers of administrative law judges but not the oversight. i'm not sure that many in this body are aware that some of the administrative law judges in this country have an overturn rate of 95% or higher and we're adding more but not increasing the oversight. there's no opportunity given for greater accountability or even to improve the judicial code of conduct here, a basic

that 1% goes to social security. if you do that, you will be able to sustain social security.ne of the main reasons it is in trouble is because the bush, and evener reagan, began to dip into social security, which is supposed to be a trust fund for the people. host: a so-called trust fund. caller: anybody who talks to politicians about cutting social security, immediately their crossed off my list. it is an entitlement only in the sense that we are entitled to it because it is our money. it is not an entitlement that they are giving us a gift. they took this money and spend it on war, and left us empty. now, they want to cut it because they did the wrong thing. i think the people who made the money on that war should have to put back into social security. i also believe there should be no subsidies. the idea of corporate subsidies -- the first time i found out about this, i was 18. i learned that oil companies get subsidies to drill on our land. i thought, isn't that backwards, shouldn't they be paying us? do you think they will not drill ? host: i'm going to move on. they giv

can you have medicare or social security? but you ought to acknowledge the government doesn't do a very good job at it. the main problem with medicare, the average person pays into taxes over their whole lifetime, about $100,000. but the average person takes out about $350,000. we have an enormous mismatch because we have smaller and smaller families. when people ask whose fault is it that medicare and social security is out of money? i say look, it's not republicans' fault, it's your grandparents' fault for having too many kids. after the war we had all of these kids, baby boomers. we used to have 16 workers for one retiree, now you have three workers for one retiree. it is not working. i have a bill to fix social security and medicare. for both of them, you're going to have to raise the age. if you're not willing to raise the age you're not serious about either one of them. >> senator, thank you. >> we'll take a break. we want to save time for closing statements after the break. this is the republican presidential debate in

and bad news for the tens of millions of americans collecting social security. there is a good chance they won't see a cost of living increase next year. why? might find that answer at the pump. it's more than the cloud. it's security - and flexibility. it's where great ideas and vital data are stored. with centurylink you get advanced technology solutions from a trusted it partner. including cloud and hosting services - all backed by an industry leading broadband network and people committed to helping you grow your business. you get a company that's more than just the sum of it's parts. centurylink. your link to what's next. >>. >> the university of southern california firing its head football coach. it says steve sarcasian did not show up for practice after appearing to be incoction tated at a pep rally. unc saying through all of this, we remain concerned for steve and hope it will give him the opportunity to focus on his personal well being no comment from him. >>> another big story we are following in the football world, hall of fame quarterback taking on th

social security can't go down. that's just the way it is.wn. they can go up but not down, so that's why you see them hanging at zero because inflation actually may come in negative, but it's also tied to medicare part b premiums, things that pay for your doctor's health care. liz: there you are. >> there's a little bit of you can't win for losing with this segment of the population, right? getting ready for retirement. for years low interest rates and it's tough to save. liz: and the domino effect of they spend things on on a daily basis, the consumer gets hit, then you see apparel -- >> come on, lower gas prices. >> i feel like retirees feel like they've got a target on their back, right? when you talk about low interest rates, what's going on with medicare, social security payments flat as a pancake, it's not a good scenario for them. liz: gerri willis, thank you. connell, thank you. connell is a mets fan, and he's not getting social security. >> you started the series with a story i'd be interested in, and then aisle like -- i'm like, wai

, and my proposal would extend the life of social security until 2061, but i would also expand socialurity benefits. here is the truth. in my state of vermont, i have talked to too many seniors in vermont and seniors all over the country. there are seniors and people with disabilities trying to get by on horrifically low incomes. you talk to people who are trying to make it on $11,000 per year. the truth is, you cannot survive on that level of income. that means not buying the prescription drugs you need not , heating your home in the winter, not buying the food you adequately need. in fact, we should be cognizant of the fact the average social security benefit today's just $1320 per month. -- just $1328 per month. my view is we should extend social security, expand and we do that by lifting the cap on on taxable income. you have asked a good question about medicare so let's talk , about medicare. when we talk about medicare we , have to broaden the discussion a little bit to talk about health care. here are the simple facts. the united states today spends far more per person on healt

that would amount to an increase of hundreds of dollars, perhaps more in a year when social security benefits are not expected to grow. from my years as codirector of oregon's great -- i can tell you for many seniors living on a fixed income, that would have really hit them like a wrecking ball. so when we got those initial reports several of my democratic colleagues and i got together introduced legislation that would fully shield older people from this huge financial hit. following our work, the bipartisan compromise for the senate includes a version of this important fix. it is not as generous a proposal by colleagues in 90 days. there are questions about how it will affect the landscape a few years down the road but make no mistake about it mr. president, this approach goes a long long way to protect king seniors, particularly the -- the dual eligible seniors for medicare and medicaid and this is a very important part of this legislation. third, the budget compromise takes an extraordinarily important step to shore up one of our country's most vital safety net programs, the socia

that are on social security. i think it's a shame there's by either emphasis party or none of the candidates -- i know they're supposed to talk about it today at the debate, but it's -- it kind of disturbs me hear people calling in saying that ryan is not that favorable for social security. you know, it's anybody who puts social security, social security benefits, especially for the seniors, you know, one lady called a few minutes ago, within the last hour saying she gets $750 a month. you know, we should all be getting $,500 a month. anything below $2,500 a month should be subsidized by food stamps or coupons. it's a shame. any candidate that puts, you know, seniors, millions of seniors' vote, anybody who puts those on their platform are going to win. and that's, you know, it seems like we're forgetting about the seniors. host: thanks, bob. in about 10 minutes, the house will gavel back in, 10 minutes or so to begin debate on this budget deal, the two-year budget deal hammered out between congressional leaders a

in addition to strengthening social security.hing that i would point out is even with no change in social security which we know some changes are going to happen, benefits are being cut right now so we have where the retirement age is going from 6567 so at any given age you claim benefits you are getting a lower benefit as they age increases. per year in increases. we also know the threshold for tax benefits are fixed. so we have are people having more of their social security benefits tax. my point in saying all that is we definitely need to look at the system as a whole but i think we need in addition to a strong social security we also need individuals to have additional savings in order to live they want -- the way they want in retirement. >> i couldn't agree more. obtusely there isn't anybody on this panel -- panel that says we would need to and how do we make the lower end a little bit better for people. women once they get to be about 85 have a substantial increase in the level of poverty just because of their lack of reso

social security. that would not do it.act that we are juggling like that so publicly to the world tell you you are in trouble in be fat for our market? >> yes, it would. psychology would get into the way. there were other things going on then as well. i think that we have to recognize that we have to raise the debt ceiling. if not the number on the debt ceiling, it is the spending versus the receipts. that is pretty loose it outside of sequestration. neil: a backup that vote. it worked in that regard. thank you very much. good seeing you again. >> a lot of attention on tesla right now. one that will catch people's attention. an electric car. one that drives itself. at ally bank no branches equals great rates. it's a fact. kind of like ordering wine equals pretending to know wine. pinot noir, which means peanut of the night. awe believe active management can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management. ♪ neil: back here

the same principle goes for social security. yet twice now these vital programs have been used to fund budget deals, and medicare sequestration is sticking around long past its original expiration date. this legislation preventing a calamitous default is coming down to the wire, and i would tell colleagues, this is a must-pass bill. i support it, and i would urge democrats and republicans to do so as well. i would also say, we talk about where we go from here. it is important to recognize that medicare and social security must not be used as a.t.m.'s for other spending in the future. the bottom line has to be that the process of reaching a budget and keeping the lights on in this wonderful institution, the people's branch, keeping the lights on and the process of reaching a budget has to change. the congress cannot continue to just go from crisis to crisis to crisis. it's our job as lawmakers, working with a bipartisan way, to set the right temperature in our economy with smart, afford, forward-looking policies that keepolicies

is going to be insolvent in seven to eight years. >> reporter: , in fact, social security will not bensolvent for 20 years and the program would still be able to pay partial benefits. as for the iou they are actually u.s. treasury notes, government bonds considered the safest bet in the world. several republicans hammered policies. >> for the first time in 35 years we have more business as closing than starting. >> reporter: , in fact, according to census bureau data that trend started seven years ago at the end of the bush administration and carly fiorina attacked with this. >> 92% of the jobs lost during barack obama's first term belonged to women. >> reporter: u.s. labor statistics say that's not true. and to her overall point employment was actually higher for women and men at the end of president obama's first term than when he took office. altogether fact check groups said it featured more than 20 questionable claims. >> my apologies, i'm sorry. >> really doing some bad facts. >> david shoe sterwith al jazeera. >>> show me the money and we will leave the show biz to others on th

social security has to be the same thing. by the system, it will be there for you if you need it. my friend mark zuckerberg said, he told me what that means. what it means for you, mark, you get nothing. [laughter] you get absolutely nothing. you will get zero. you don't need it. that's the way we have to take care of social security. if we don't do it, option one, take the cap off the payroll tax and everybody pay more. that me ask you a question. the government that my to you and still -- lied to you and stole from you already, you think the answer is to give them more money? next time, they won't do it? of course they will. if they get a choice between cutting the program or or stealing tax from this pilot money over here that no one is using right now, so just borrow a little bit from that, it will be fine -- understand what politicians are like, ok? they are taking from that pile of money. don't give them more. this is about people who have done very well. takingthe cap off means from them now and meaning you caps on tha

in other words, if the price of goods doesn't increase, social security benefits stay flat. unfortunately, the way the government measures inflation may not accurately reflect how many on social security spend. the typical retiree's benefit is about 13- hundred-dollars a month. tim: presidential candidates on both sides of the race chimed in today on the flat line of cola benefits. democratic candidate bernie unnacceptable." the vermont senator said today quote senior poverty is going up and more than two-thirds population rely for more than income, our job must be to expand, not cut, social security." former arkansas governor and g- o-p candidate mike huckabee is also weighing in on the subject. he said quote ". while i know there are many good members of congress who oppose this, medicare premiums keep skyrocketing, and 70 million americans, nearly one-fifth of our population, will not receive a social security cost of living increase next year." tim: a sioux city nursing home worker is being accused of stealing from a resident. 35-year-old olibia (oh-la-bee-ah) navarrette

social security benefits are not going up next year... and at the same time about 30-percent of medicare beneficiaries will see their premiums jump 52-percent. channel 13's aaron brilbeck has more. paul and linda tullis have been married 50-years...worked hard their whole lives and volunteer in their community and with their church. this isn't the type of retirement they dreamed of. they struggle to pay bills...and with social security eliminating the cost of living adjustment, or cola next year...coupled with medicare premiums that are going up, the tullis' are worried about their future. "it's gonna be real tough. because the way it is right now i've got a part time job just working two days a week to hold us over until we get our social security checks." "they're raising our medicare without us getting a raise. and i think that truly sucks myself."west des moines financial planner curtis fett has three suggestions for recipients on a tight budget who were counting on a cost of living increase from social security. first...don't panic..

it also prevents a looming 20% cut in social security disability benefits. and provides that reassurance to millions of americans who otherwise would have been on the edge. it prevents what would have been a whopping increase in medicare part b premiums for millions of seniors around this country. who would have been stretched extremely thin and probably not been able to make all their payments, whether they were mortgage payments, rent payments or food payments, at the same time they were facing those huge medicare part b premium increases. so that was addressed as well. now, like mr. rogers, there are lots of things i would like to see in this bill that were not but on balance, this is an important step forward. certainly a great improvement over where we were just a week ago and so again, i want to express gratitude to everybody who helped make this possible and i reserve the balance of my time. the speaker pro tempore: the gentleman from maryland reserves. the gentleman from kentucky is recognized. mr. rogers: i yield three minutes to the gentleman from

isit'll pass a debt limit, social security still been a be paid? guest: i don't think it's clear which payments we would be able to make an which payments we would not be able to make. i think ultimately, the longer a breach goes on, the longer we don't increase the debt ceiling, the greater the chances of us not being able to pay social security benefits, just like would not be able to pay any of our cash outlays. i think there is some discretion about what payments go out, but again, it's not entirely clear what would happen. i know the treasury department has said that they are not really sure how to their computer system they would figure out what departments would go first in line. matter what happens, really, the social security payments, they are important to those people receiving them, but the crisis of but the crisis of financing these as a country would be really much worse than what would happen if social security payments were delayed for a week or two. we are talking about a real global financial uncertainty that we have experienced o

you asked about social security. bulwark of our society and i in myit's yours possible view social security should follow for old. there one for seniors should be no changes whatsoever. we have ordered their financial affairs counting on the buses and we need to honor those commitments. for younger workers. i'm 44 years old. it's hard to find someone my age who believe social security will be there for us. that presents a real opportunity for reform when you have an who thinks it's not likely to be there. -- for there should be younger workers we should gradually increase the those two age area changes alone and social security back. the third piece that i think is critical for younger work hours is we need to allow younger workers to keep a portion of their tax a minute and a personal account that they own that they control can pass on to their kids and grandkids. i want to bring together republicans and democrats with common sense plans to ensure host: richard is joining us for texas and independent. caller: i'm a

social security, medicare, the government provide a lot of things to help able make ends meet and plays a very important role in helping the most vulnerable in society. the beginning of what socialism is. it is something that a lot of americans believe in and benefit doorwayd if this is a to better understanding the complexities of what democratic socialism is, then we are very happy. that is one of the reasons we are excited about the sanders campaign. host: let me go back to one of these points -- one of the points from the piece from the washington post. that thenders finds success of the label is due to a mixture of good politics and timing. 20 four years after the end of the cold war many americans no longer associate socialism with fear or missiles, or with failure, food life, or empty soviet supermarkets. a word that their elders of size a floor has become a blank, open for him to define. age ofpeople under the 50, and i am definitely under the age of 50, don't have those same associations. we death -- we really think of democratic socialism as democratic. sanders refers to north