| 00:00:23 |
Ohlemacher, Stephen - Correspondent
66 MILLION PEOPLE. THE AVERAGE BENEFIT IS A LITTLE OVER $12,000 -- A LITTLE OVER $1,200 A MONTH. MAYBE $13,000 A YEAR OR SO. HOST: WE ARE
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| 00:00:36 |
Casey, Libby - Host
TALKING ABOUT RETIREES AND THE DISABLED. GUEST: A FAIRLY WIDE GROUP
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| 00:00:41 |
Ohlemacher, Stephen - Correspondent
OF PEOPLE RECEIVE SOCIAL SECURITY BENEFITS. RETIRED WORKERS, SPOUSES, CHILDREN, DISABLED WORKERS, WIDOWS, WOODWARD'S. -- WIDOWERS. A BIG SAFETY NET...
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| 00:01:02 |
Casey, Libby - Host
ABOUT $1,200 A MONTH ON AVERAGE. THE BENEFITS FOR THE DISABLED, $1,100 A MONTH ON AVERAGE. HOW DOES SOCIAL SECURITY GET FINANCED? GUEST: IT HAS BEEN A
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| 00:01:22 |
Ohlemacher, Stephen - Correspondent
SELF-FUNDED PROGRAM SINCE ITS INCEPTION. IT IS FUNDED BY PAYROLL TAXES. THERE'S A 12.4% TAX ON WAGES UP TO ABOUT $110,000. IF YOU MAKE MORE THAN THAT,...
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| 00:02:02 |
Casey, Libby - Host
HOST: YOU CAN SEE WHERE THE MONEY COMES FROM IN THIS PIE CHART. PAYROLL TAXES MAKING UP 83%. ALSO, INTEREST AND TAXATION OF BENEFITS. WHAT ARE SOME OF...
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| 00:02:26 |
Ohlemacher, Stephen - Correspondent
ARE SEEING IS THE INTEREST IS FROM THE TRUST FUND. WHEN THE LAST TIME SO SECURITY WAS OVERHAULED IN 1983, BUT PUT IN A SYSTEM THAT GENERATED MORE MONEY...
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| 00:03:08 |
Casey, Libby - Host
SECURITY TRUST FUND, FOR OLD AGE AND SURVIVORS INSURANCE. THE ALSO SEE DISABILITY INSURANCE. GUEST: SOCIAL
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| 00:03:19 |
Ohlemacher, Stephen - Correspondent
SECURITY IS NOT JUST A RETIREMENT PROGRAM, IT'S ALSO FOR DISABLED WORKERS. IF YOU ARE DISABLED, IF YOU HAVE A DISABILITY THAT PREVENTS YOU FROM WORKING...
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| 00:03:53 |
Casey, Libby - Host
DOES SOCIAL SECURITY FACTOR INTO THE FISCAL CLIFF NEGOTIATION PROCESS? GUEST:
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| 00:03:57 |
Ohlemacher, Stephen - Correspondent
THE REPUBLICANS PUT FORWARD A PLAN IN THE LAST FEW WEEKS TO CHANGE THE WAY THE ANNUAL COST-OF-LIVING ADJUSTMENT IS CALCULATED FOR SOCIAL SECURITY BENEFICIARIES....
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| 00:07:24 |
Casey, Libby - Host
THE QUESTION OF WHAT IT WOULD MEAN FOR RETIREES, BENEFICIARIES RIGHT NOW, IN THE NEXT COUPLE YEARS, AND IN THE FUTURE. AND THE PROCEEDED OF WHAT IT WOULD...
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| 00:07:46 |
Ohlemacher, Stephen - Correspondent
YOU HEARD WHAT HE SAID ABOUT INCLUDES LULZ SECURITY IN THESE TALKS. THAT IS A COMMON BELIEF AMONG DEMOCRATS ON THE HILL, IN THE HOUSE AND SENATE. IT...
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| 00:08:35 |
Casey, Libby - Host
COLA CHANGE DEPENDING ON WHERE YOU LIVE IN THE COUNTRY? GUEST: IT IS
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| 00:08:39 |
Ohlemacher, Stephen - Correspondent
ACROSS THE BOARD FOR EVERYONE. IT IS A PERCENTAGE. IT DEPENDS ON HOW BIG YOUR BENEFITS ARE EVERY YEAR. YOU CITED AVERAGE NUMBERS OF ABOUT $1,200 A MONTH...
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| 00:09:02 |
Casey, Libby - Host
ABOUT SOCIAL SECURITY AND HOW WOULD FACTORS INTO THE SO CALLED "FISCAL CLIFF." IF YOU WOULD LIKE TO JOIN THE CONVERSATION, HERE ARE THE NUMBERS TO CALL...
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| 00:09:38 |
Ohlemacher, Stephen - Correspondent
WHETHER THEY WILL BE ABLE TO GET SOCIAL SECURITY PART OF THE DEAL RIGHT NOW. THE REPUBLICANS HAVE PROPOSED IT AND THE PRESIDENT HAS AGREED TO IN THE...
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| 00:09:58 |
Casey, Libby - Host
TO LAURIE IN INDIANAPOLIS ON OUR INDEPENDENT LINE. CALLER: GOOD
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| 00:10:02 |
CALLER, -
MORNING. JUST A GENERAL QUESTION ABOUT SOCIAL SECURITY AND MEDICARE. I THINK THEY BOTH SHOULD BE MEANS TESTED. THE MONEY I GIVE, I WANT TO MAKE SURE...
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| 00:10:56 |
Ohlemacher, Stephen - Correspondent
IT IS AN INTERESTING IDEA. I'M NOT AN EXPERT ON MEDICARE, BUT MEDICARE IS SOMEWHAT MEANS TESTED. MEDICARE PART DB, IF YOU MAKE A CERTAIN AMOUNT OF MONEY,...
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| 00:12:08 |
Casey, Libby - Host
TWEET -- GUEST: YES
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| 00:12:18 |
Ohlemacher, Stephen - Correspondent
AND NO. IT ACTUALLY DOES COUNT ENERGY COSTS AND THINGS LIKE THAT. HOWEVER, THERE IS A BIG DISCUSSION AMONG A LOT OF THE ADVOCACY GROUPS WHO DO NOT TO...
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| 00:13:22 |
Casey, Libby - Host
HOW SOCIAL SECURITY FACTORS INTO THE FISCAL CLIFF. C-SPAN HAS PART OF OUR WEBSITE SET UP SPECIFICALLY FOR THE FISCAL CLIFF. WE'RE ALSO FOLLOWING YOUR...
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| 00:13:43 |
CALLER, -
CALLER: GOOD MORNING. MR. DAVID BARTON -- NO, ANYWAY, WHO USED TO BE THE COMPTROLLER FOR THE BUDGET OFFICE, DAVE WALKER WAS ON YOUR PROGRAM BACK WHEN...
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| 00:15:05 |
Ohlemacher, Stephen - Correspondent
GUEST: GREAT QUESTION. LET ME RUN THE REFINANCING A LITTLE TO HELP EXPLAIN THIS, BECAUSE I HEAR THIS A LOT. IF YOU HEAR FOLKS SAY THAT CONGRESS RAIED...
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| 00:17:31 |
Casey, Libby - Host
OHLEMACHER, REPORTER FOR THE ASSOCIATED PRESS. THE WAS THE LEAD RWRITER THIS SUMMER ON A SERIES FOCUSED ON SOCIAL SECURITY. HE IS ALSO WORKED FOR THE...
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| 00:18:11 |
Ohlemacher, Stephen - Correspondent
MEANS TESTING, THIS GETS TO THAT ISSUE. WHEN YOU START TO SAY THAT A CERTAIN GROUP OF PEOPLE ARE NOT GOING TO GET BENEFITS, THEN THERE'S THE ISSUE...
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| 00:19:01 |
Casey, Libby - Host
CALLER IS IN FLORIDA ON OUR DEMOCRATIC LINE.
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| 00:19:03 |
CALLER, -
CALLER: HI. HOW SERIOUS IS THE TALK OF RAISING THE SOCIAL SECURITY AGE? EITHER EARLY RETIREMENT OR RETIREMENT AT 65 OR 67, HOW SERIOUS IS THAT TALKS?...
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| 00:19:52 |
Casey, Libby - Host
THINK ABOUT RAISING THE ELIGIBILITY AGE? CALLER: FOR SOME
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| 00:19:57 |
CALLER, -
PEOPLE IT WOULD NOT BE SUCH A HARDSHIP. IF YOU COULD KEEP IT GOING FOR FUTURE RECIPIENTS. BUT PEOPLE THAT WORK AT VERY HARD LABOR, THAT MAYBE THEIR BODY...
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| 00:20:35 |
Casey, Libby - Host
CALL. GUEST: THIS MONTH
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| 00:20:38 |
Ohlemacher, Stephen - Correspondent
I HAVE NOT HEARD MUCH TALK AT ALL ABOUT RAISING THE ELIGIBILITY AGE FOR SOCIAL SECURITY IN THE STOCKS WE'RE DOING THIS MONTH. HOWEVER, IT CERTAINLY IS...
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| 00:22:10 |
Ohlemacher, Stephen - Correspondent
COLA IS THE GOAL IS TO TRY TO KEEP YOUR BUYING POWER UP WITH CONSUMER PRICES SO THAT YOU DON'T FALL BEHIND WHEN YOU GET OLDER. THE ISSUE, FOR PEOPLE...
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| 00:23:25 |
Casey, Libby - Host
NEXT, INDIANA, INDEPENDENT LINE WITH JUDY. CALLER:
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| 00:23:29 |
CALLER, -
HI. MY QUESTION IS REGARDING SOCIAL SECURITY. I AM RETIREE ON BENEFITS. I WAS WONDERING, IS THEIR AVAILABLE MONEY TO BAIL OUT THE SOCIAL SECURITY SYSTEM...
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| 00:24:29 |
Casey, Libby - Host
JUDY. GUEST: REPAYING
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| 00:24:33 |
Ohlemacher, Stephen - Correspondent
THE MONEY THAT WAS BARRED FROM SOCIAL SECURITY. THAT MONEY WILL BE REPAID UNLESS CONGRESS DOES SOMETHING DIFFERENT. THINK ABOUT THE $2.7 TRILLION AS...
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| 00:26:16 |
Casey, Libby - Host
SAW A CHANGEOVER A COUPLE OF YEARS AGO. HOW SIGNIFICANT IS THAT? WHAT CAN CONGRESS DO ABOUT IT? GUEST: LET'S LOOK
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| 00:26:32 |
Ohlemacher, Stephen - Correspondent
AT WHY THAT IS HAPPENING. THERE ARE FEWER AND FEWER WORKERS COMPARED TO THOSE GETTING BENEFITS. IT IS ABOUT 2.8 WORKERS FOR EVERY PERSON GETTING BENEFITS....
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| 00:29:20 |
Casey, Libby - Host
FROM CHARLES IN ARKANSAS, REPUBLICAN CALLER. CALLER: GOOD
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| 00:29:26 |
CALLER, -
MORNING. I AM ABOUT 80 YEARS OLD. I PUT MONEY IN ALL THOSE YEARS. I GOT ALL THE MONEY BACK IN ABOUT FIVE TO SIX YEARS. I'VE BEEN ON THE DOLE. PUT THE...
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| 00:30:12 |
Ohlemacher, Stephen - Correspondent
RIGHT ABOUT WHAT WE'VE DONE WITH SOCIAL SECURITY AND THE TRUST FUND OVER THE YEARS. THE MONEY HAS BEEN COLLECTED TO MAKE THE DEFICIT LOOK SMALLER. WE...
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| 00:31:53 |
Casey, Libby - Host
HOST: WE HAVE A QUESTION ON TWITTER. DO WE HAVE A SENSE OF THAT? GUEST: I
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| 00:32:04 |
Ohlemacher, Stephen - Correspondent
DON'T HAVE THE NUMBERS WITH ME. HOST: HE
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| 00:32:12 |
Casey, Libby - Host
WAS COVERING CONGRESS AND FOCUSES ON ECONOMIC ISSUES AND ENTITLEMENTS AND COVERS THE HOUSE WAYS AND MEANS COMMITTEE AND THE SOCIAL SECURITY ADMINISTRATION....
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| 00:32:41 |
Ohlemacher, Stephen - Correspondent
FROM SOCIAL SECURITY. IT IS FUNDED THROUGH GENERAL TAX FUNDS DOLLARS. IT IS FOR PEOPLE THAT DO NOT QUALIFY FOR SOCIAL SECURITY DISABILITY. YOUR BENEFITS...
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| 00:33:28 |
Casey, Libby - Host
FROM ILLINOIS, GOOD MORNING. CALLER:
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| 00:33:34 |
CALLER, -
LIKE YOU WERE SAYING ABOUT PEOPLE GETTING LOW INCOMES IF THEY WERE DISABLED EARLY. I WENT BLIND FROM IN MKNOW SOMEBODY THAT WENT BLIND FROM DIABETES....
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| 00:34:36 |
Ohlemacher, Stephen - Correspondent
TALKING ABOUT SAVING MONEY. THIS IS INCLUDED IN THE PRESIDENT'S SIMPSON-BOWLES COMMISSION WHERE THEY TALK ABOUT CHANGING SOCIAL SECURITY AND PERHAPS CHANGING...
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| 00:35:23 |
Casey, Libby - Host
A QUESTION FROM STELLA ON TWITTER. GUEST: IF YOU ARE A MINOR
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| 00:35:34 |
Ohlemacher, Stephen - Correspondent
CHILD AND YOU HAVE A PARROT THAT DIES, YOU CAN GET SURVIVORS' BENEFITS. YOU CAN GET THAT UNTIL YOU ARE 18 AND SOME OF THEM WONDER IF YOU STAY IN COLLEGE....
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| 00:36:08 |
Casey, Libby - Host
YOU ARE AN ADULT AND YOUR PARENT DIES? DO YOUR FAMILY MEMBERS GET A BENEFIT FROM YOU PAYING INTO THE SYSTEM? GUEST: IF YOU DON'T
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| 00:36:23 |
Ohlemacher, Stephen - Correspondent
HAVE ANY MINOR CHILDREN, NO, YOU DON'T. WHEN IT WAS DESIGNED, THERE WERE A LOT OF COUPLES THAT HAD ONE PERSON WORKING. WHEN YOU QUALIFY FOR BENEFITS,...
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| 00:37:43 |
Casey, Libby - Host
IN WITH HER OWN EXPERIENCE. GUEST: THE WAY IT WORKS IS
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| 00:37:57 |
Ohlemacher, Stephen - Correspondent
YOU WOULD GET WHAT YOU LEARNED AS A BENEFIT YOU WOULD GET YOUR SPOUSE'S BENEFIT AFTER THEY DIED. HOST: LAST
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| 00:38:07 |
Casey, Libby - Host
CALL IS FROM MINNESOTA. CALLER: GOOD
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| 00:38:11 |
CALLER, -
MORNING. HOST:
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| 00:38:14 |
Casey, Libby - Host
WELCOME. CALLER: I AM A LITTLE
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| 00:38:19 |
CALLER, -
SCARED. IF HE HAS HEARD ABOUT THE NOTCH REGISTER? MY HUSBAND WAS ON THE THAT. HE PASSED AWAY SEVEN YEARS AGO. I'M GETTING LETTERS AND THAT THEY ARE STILL...
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| 00:39:08 |
Casey, Libby - Host
THINGS WORK OUT FOR YOU? CALLER: THEY ARE
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| 00:39:13 |
CALLER, -
STILL FIGHTING IT. I JUST GOT ANOTHER LETTER ABOUT SENDING IN THE $5,000 LUMP-SUM AND FOUR ANNUAL PAYMENTS.
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| 00:39:32 |
Ohlemacher, Stephen - Correspondent
GUEST: I AM SOMEWHAT FAMILIAR WITH THAT. I DIDN'T REMEMBER THE EXACT YEARS. THERE WAS SOME ADJUSTMENTS IN THE PAYMENTS THAT ONE OUT. I BELIEVE THE SOCIAL...
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| 00:40:46 |
Casey, Libby - Host
FROM THE ASSOCIATED PRESS, THANK YOU SO MUCH FOR COMING IN. WE WILL HAVE IT ROUNDTABLE INCLUDING CRISTINA MARTIN FIRVIDA AND DAVID JOHN OF THE HERITAGE...
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| 00:41:12 |
Unidentified Speaker, -
SPEAKING EARLIER SAYS A DEAL BETWEEN DEMOCRATS AND REPUBLICANS TO AVOID THE SO-CALLED FISCAL CLIFF IS MORE LIKELY IF BOTH SIDES DO NOT TRY TO OVERREACHED...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.