April, 22 2019, 12:00am EDT
2019 Trustees Report Shows That Social Security Continues to Work for America
Democrats have concrete plans to restore Social Security to long-range actuarial balance and expand benefits
WASHINGTON
As reporters cover the just-released 2019 Social Security and Medicare Trustees Reports, Social Security Works provides you with this fact sheet that summarizes and puts in context the Social Security report's key findings. This fact sheet updates the figures in themedia backgrounder Social Security Works issued in advance of the Trustees Report's release. Please note that this fact sheet addresses only Social Security's cash benefits Trustees Report (Old Age, Survivors, and Disability Insurance Trustees Report), and does not deal with the Medicare Trustees Report.
In addition to reviewing this fact sheet, we invite you to speak with our president,Nancy Altman, who is a nationally recognized Social Security expert. (See her bio below.)We also urge you to review ourfact sheet that discusses, among other things, misinterpretations by non-experts caused by over-emphasis of unrealistically long valuation periods.
The most important takeaways from the 2019 Trustees Report are that (1) Social Security has a large accumulated surplus, and (2) Social Security is extremely affordable. In three-quarters of a century, in 2095, Social Security will constitute just6.07 percent of GDP. That is considerably lower, as a percentage of GDP,than Germany, Austria, France, and most other industrialized countries spend on their counterpart programstoday.
The 2019 Trustees Report projects Social Security's cumulative surplus to be$2.9 trillion. It shows that Social Security is fully funded until 2035,93 percent funded for the next 25 years, 87 percent funded over the next 50 years, and 84 percent funded over the next 75 years.
Often, the release of the annual Trustees Report leads to lamentations from many observers that Congress has no plan to address Social Security's projected shortfall. That is incorrect. It is only Congressional Republicans who have no plans - at least that they are willing to publicly embrace. That is perhaps because their preferred "solutions" involve benefit cuts, which areoverwhelmingly opposed by voters across the political spectrum, including their own Republican base.
In contrast, Congressional Democrats have concrete plans - not just to ensure that all promised benefits will be paid in full and on time for the foreseeable future, but to address our nation's retirement income crisis by increasing Social Security's modest benefits. TheSocial Security 2100 Act, introduced by Rep. John Larson (D-CT), has over 200 cosponsors in the House of Representatives. Larson has held several hearings on the bill and intends to bring it to the House floor this spring.
Severalother bills to protect and expand Social Security benefits have been introduced in the House and Senate, and nearly every 2020 presidential candidate serving in Congress is a member of the bicameralExpand Social Security Caucus.
The question of whether to expand or cut Social Security's modest benefits is a question of values and choice, not affordability. Indeed, in light of Social Security's near universality, efficiency, fairness in its benefit distribution, portability from job to job, and security, the obvious solution to the nation's looming retirement income crisis is to increase Social Security's modest benefits.The average annual benefit received by Social Security's over 63 million beneficiaries is only about $16,000 this year.
Over half (52 percent) of American households headed by someone of working age will not be able to maintain their standards of living in old age. This figure rises to roughly two-thirds when health and long-term care costs are also considered. Traditional employer-sponsored defined benefit pension plans are disappearing, leaving workers, at best, 401(k) and other retirement savings plans, which have proven inadequate.Around half of households aged 55 or older (46%) had zero retirement savings in 2016. Indeed, 41% of American households headed by someone aged 35 to 64 is projected to run out of money in retirement. It is not surprising that todaytwo-thirds of senior beneficiaries rely on Social Security for a majority of their income. Nor is it surprising that Social Security will be even more important to tomorrow's seniors. The case for expanding Social Security is overwhelming.
Expanding Social Security not only addresses theretirement income crisis, it also is part of the answer to growing income and wealth inequality and the financial squeeze on working families. Expanding, not cutting, Social Security while requiring the wealthiest among us to contribute more - indeed, their fair share - is the best policy approach to addressing these challenges while restoring Social Security to long-range actuarial balance. Cutting those modest benefits will only exacerbate these challenges.
Social Security Works' mission is to: Protect and improve the economic security of disadvantaged and at-risk populations; Safeguard the economic security of those dependent, now or in the future, on Social Security; and Maintain Social Security as a vehicle of social justice.
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Democrat Eva Burch Shares With Arizona Senate Her Plans to Get an Abortion
"I stand with those who have had to grapple with and navigate Arizona's restrictive laws surrounding abortion," the state senator said. "I'm with them. I appreciate them. I am them."
Mar 18, 2024
As Arizonans prepare for a potential vote on an abortion rights ballot measure, Democratic state Sen. Eva Burch on Monday took to the chamber's floor to announce that she plans to terminate her current pregnancy, explain why, and condemn harmful restrictions.
"A few weeks ago, I learned that against all odds, I am pregnant," said Burch (D-9). "Many of you know that I've had kind of a rough journey with fertility. I had my first miscarriage more than 13 years ago, and I have been pregnant many times. Since then, twice, I was lucky enough to successfully carry to term and I have two beautiful healthy little boys."
"But two years ago, while I was campaigning for this Senate seat, I became pregnant with what we later determined was a nonviable pregnancy. It was a pregnancy that we had been trying for, and we were heartbroken over it," she continued, referencing an abortion she has previously discussed publicly. "After numerous ultrasounds and blood draws, we have determined that my pregnancy is once again not progressing and is not viable And once again, I have scheduled an appointment to terminate my pregnancy."
"My experiences in this space, both as a provider and as a patient, have led me to believe that this Legislature has failed the people of Arizona."
Burch, who has worked as an emergency nurse and a nurse practitioner in a women's health clinic, stressed that "I don't think people should have to justify their abortions but I'm choosing to talk about why I made this decision because I want us to be able to have meaningful conversations about the reality of how the work that we do in this body impacts people in the real world."
After acknowledging some of the risks of pregnancy and that she accepted them to carry her two sons, she said: "I don't know how many of you have been unfortunate enough to experience a miscarriage before but I am not interested in going through it unnecessarily. And right now, the safest and most appropriate treatment for me and the treatment that I choose is abortion."
The Democrat then took aim at the Arizona Legislature for passing laws that restrict access to care for people like her. The state bans most abortions after 15 weeks, imposes a 24-hour waiting period between in-person counseling containing misinformation and the procedure, and forces patients to get medically unnecessary ultrasounds.
Detailing her trip to an abortion clinic on Friday, Burch said:
I didn't have an ultrasound because my doctor thought I needed one. I had one because legislation has forced me to do that, an invasive transvaginal ultrasound that I didn't want or need to have, performed by someone who didn't want to have to do it. I am safe and loved and protected in my marriage. But I cannot imagine how inappropriate that would be for a victim of sexual assault or for someone who has an abusive or coercive relationship with their partner—another unwanted vaginal penetration, but this time by the state, by the people who are commissioned to protect us.
Then I got to sit through an exhaustive list of absolute disinformation that was read off to me. I was told that there were alternatives to abortion, parenting or adoption among them, as if delivering a healthy baby is an option for me. It is not. My medical provider was forced to tell me multiple things that don't apply to my situation, and some that are just transparently factually false. And they do this because of laws passed by this Legislature in opposition to medical expert testimony and advice. From where I sat, the only reason I had to hear those things was in a cruel and really uninformed attempt by outside forces to shame and coerce and frighten me into making a different decision other than the one that I knew was right for me.
Burch explained that "the last time that I had an abortion, I started to miscarry that night before it was scheduled to take place. And I was denied a procedure in the hospital because I was deemed not critical enough, in spite of the fact that my embryo had died, and that my miscarriage had stalled."
"The clauses for emergencies aren't good enough. These laws can serve to intimidate doctors and it muddies the waters when they're trying to make complex decisions in situations that are really volatile," she argued. "I had been bleeding and passing huge clots for hours, but I wasn't bleeding out. And I was still pregnant. So I was offered medication to make me start bleeding again and told that I could have a procedure when I had bled enough. A waiting period is often totally inappropriate and potentially dangerous."
The lawmaker got an abortion at the clinic the following day—just two weeks before the right-wing majority of the U.S. Supreme Court reversedRoe v. Wade in June 2022, setting off a new wave of efforts by state legislators to pass forced-pregnancy legislation.
Burch highlighted some negative impacts of being denied an abortion—from heightened risks of domestic violence and eviction to long-term health consequences. She also noted the "sensitive feelings surrounding pregnancy" and "philosophical questions that people cannot agree on," while stressing that decisions should be made by patients and providers.
"My experiences in this space, both as a provider and as a patient, have led me to believe that this Legislature has failed the people of Arizona, in the laws that restrict and dictate abortion and in the resources that it cuts and strangles and denies at every opportunity," she said of her time in the state Senate. "Our decision-making should be grounded in expert testimony and in consensus from both the medical community and from constituents, and free from political posturing and partisan bias, but that's not what I see happening."
"So I truly hope that Arizonans have the opportunity to weigh in on abortion on the ballot in November. We know that the majority of Arizonans support the right to abortion and if we can't operate in that reality in this chamber, then it is critical that everyone have the opportunity for their voices to be heard elsewhere," she concluded. "I stand with those who have had to grapple with and navigate Arizona's restrictive laws surrounding abortion at a time when the decisions being made were complicated enough. I'm with them. I appreciate them. I am them."
Among those who praised her 10-minute speech was Sam Paisley, national press secretary of the Democratic Legislative Campaign Committee (DLCC), which works to elect state lawmakers in the party.
"Arizona Sen. Eva Burch sharing her decision to get an abortion is the epitome of courage," said Paisley. "No woman should have to go through the emotional and physical hurdles she described—Arizona Republicans have passed unnecessary burdens on abortion care that put women in danger. Sen. Burch's story is powerful, but it is sadly not unique—patients across Arizona have to jump through hoops to get the care they need."
"There are very real, and sometimes even deadly, consequences to the attacks on reproductive freedom that Republicans across the country have launched," Paisley added. "The DLCC commends Sen. Burch for her advocacy and stands ready to defeat alarming GOP extremism in state legislatures in Arizona and across the country."
Jodi Liggett, founder of the Arizona Center for Women's Advancement, similarly said on social media: "Today, Sen. Eva Burch shared her heart-wrenching story of nonviable pregnancy. AZ laws... have complicated her access to care. Her situation is one of thousands; personal and complicated. Conservatives, butt out and let patients and doctors handle these decisions. Privately."
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Asbestos exposure can cause mesothelioma as well as laryngeal, lung, and ovarian cancer. Banned in more than 50 countries, the substance is linked to more than 40,000 U.S. deaths each year.
"The science is clear—asbestos is a known carcinogen that has severe impacts on public health," said EPA Administrator Michael Regan. "President [Joe] Biden understands that this concern has spanned generations and impacted the lives of countless people. That's why EPA is so proud to finalize this long-needed ban on ongoing uses of asbestos."
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A Biden administration spokesperson on Monday attempted to avoid addressing allegations by employees of the United Nations agency for Palestinian refugees that they were tortured while in Israeli detention by claiming the U.S. State Department has not seen any media reporting on the accusations.
Ryan Grim, The Intercept's Washington, D.C. bureau chief, asked deputy State Department spokesperson Vedant Patel if he believes the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) staff members who say they were tortured by Israeli interrogators into making false confessions about involvement with the Palestinian militant group Hamas, which led the October 7 attacks on Israel. Israeli officials claimed that at least 12 out of UNRWA's 13,000 staff in Gaza had ties to Hamas and October 7.
"The U.S. cut funding to a vital aid agency during a crisis, but isn't up to speed on reports that directly impact that funding?"
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Patel replied, "I've not seen that reporting, Ryan," adding that "we continue to find the allegations that were laid out a number of months ago to be credible."
The U.S. and more than a dozen other nations suspended funding for UNRWA in the wake of the Israeli allegations. In what UNRWA Commissioner-General Philippe Lazzarini later called an act of "reverse due process," the agency terminated nine employees in response to Israel's claims, despite admitting to having no evidence to support their firing.
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