Click for St. Louis, Missouri Forecast

// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

Online pharmacy:fesmag.com/tem

Have you a sex problem? Please visit our site:fesmag.com/medic

Site map
 
 
 
WASHINGTON (AP) — Outgoing Social Security Commissioner Michael J. Astrue has some parting shots for Congress, the White House and advocates for seniors. They have all "really walked away from Social Security," he says, leaving the program "fraying because of inattention to its problems."

Instead of making the hard choices to fix Social Security's financial problems, policymakers "use it as a tool of political rhetoric," Astrue said.

Astrue, 56, has headed the federal government's largest program since 2006 — he was nominated by former President George W. Bush. By law, Social Security commissioners serve six-year terms, so President Barack Obama will now have the opportunity to choose his own nominee, who must be approved by the Senate. Astrue's last day on the job was Wednesday.

The trustees who oversee Social Security say the program's trust funds will run dry in 2033, leaving Social Security with only enough revenue to pay about 75 percent of benefits. Already the program is paying out more in benefits than it collects in payroll taxes.

As commissioner, Astrue served as a trustee. He regularly urged Congress to address Social Security's long-term financial problems but refrained from publicly weighing in on various options to cut benefits or raise taxes — until now.

In an interview with The Associated Press, Astrue said benefit cuts and tax increases are inevitable — despite fierce opposition to both. Yet he questions whether Congress is up to the task.
Published in National News

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next
Probe could complicate Rick Perry's prospect

Probe could complicate Rick Perry's prospect

  AUSTIN, Texas (AP) — Texas Gov. Rick Perry has spent a record 14 years in office vanquishing nearly all who dared confront him. But with eight months left on the ...

Star sea lion at the St. Louis Zoo has died

Star sea lion at the St. Louis Zoo has died

  ST. LOUIS (AP) — A star sea lion at the St. Louis Zoo has died. The St. Louis Post-Dispatch reports that Bennie the sea lion died Friday. He was 11. Zoo spoke...

Ride-sharing service hits snags in St. Louis

Ride-sharing service hits snags in St. Louis

  ST. LOUIS (AP) — A smartphone app-based ride-sharing service has started service in St. Louis, ignoring a cease and desist order from the city's taxi commission. ...

Missouri Republicans outline new gun proposal

Missouri Republicans outline new gun proposal

  JEFFERSON CITY, Mo. (AP) — Missouri Republicans have outlined a new approach to prevent federal agents from enforcing gun control laws the state considers to be infri...

Documents detail another delayed GM recall

Documents detail another delayed GM recall

  DETROIT (AP) — Government documents show that General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands o...

Ferry stops service on Mississippi River

  MEYER, Ill. (AP) — A farm cooperative has shut down a ferry service that shuttled agricultural products and other goods across the Mississippi River between western I...

Pepsi franchise to open center in Cape Girardeau

Pepsi franchise to open center in Cape Girardeau

  CAPE GIRARDEAU, Mo. (AP) — A Pepsi franchise is planning to build a new customer service center in Cape Girardeau (juh-RAHR'-doh) that could create 74 jobs. The M...

Man charged in Kansas City-area highway shootings

  KANSAS CITY, Mo. (AP) — Authorities say a Kansas City-area man has been charged with 18 felony counts in connection with about a dozen recent random highway shootings...

© 2013 KTRS All Rights Reserved