Social Security

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A report highlights the ways, at the ripe old age of 79, Social Security is helping neighbors in Indiana and the economy. While pensions have changed, jobs have been lost and homes have lost equity. Eric Kingson, co-director with Social Security Works says the program is still strong and lifted 500,000 Indiana residents out of poverty in 2012.

Purdue President Mitch Daniels says for the United States to prosper, spending on entitlements must be reined in soon. He was one of several people who spoke at a U.S. Chamber of Commerce Foundation event Tuesday in Washington, D.C.

The forum looked at the costs and impacts of entitlement programs on future generations, and possible reforms and solutions available. 

Daniels says government spending on Social Security and Medicare leaves less money for such things as university research, which in turn hurts the national economy.

Brandon Smith / Indiana Public Broadcasting

An Indiana advocacy group joined dozens of rallies across the state and country against a proposed change to Social Security it says will cut benefits for seniors. 

The House Republican budget in Congress would tie Social Security’s cost-of-living adjustments to what’s called chained CPI, a measure of the Consumer Price Index.  It’s a move aimed at helping reduce the ballooning national debt.