SOCIAL SECURITY HEAD: PROGRAM FRAYING FROM NEGLECT
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.
Latest News
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8

MILLER TAKES LOSS AS PADRES BEAT CARDINALS 4-2
SAN DIEGO (AP) -- With the St. Louis Cardinals leading the San Diego Padres 2-1 in the sixth inning, manager Mike Matheny had seen enough of Shelby Miller. The rookie right-hand...

RED WINGS BEAT BLACKHAWKS TO TAKE 2-1 SERIES LEAD
DETROIT (AP) -- The Chicago Blackhawks were controlling the puck and dominating play early in the second period. It took all of a half-minute for the Detroit Red Wings to swing the...

WIGGINTON DASH BOOSTS CARDINALS PAST METS 6-3
ST. LOUIS (AP) -- Lance Lynn overcame early control woes and St. Louis used a three-run seventh inning to beat the New York Mets 6-3 on Monday night. Lynn (6-1) allowed three ru...

NO GEM FOR GARCIA AS ROCKIES BEAT CARDINALS 8-2
ST. LOUIS (AP) -- Jaime Garcia got rocked again by Colorado and fell well short of giving the St. Louis Cardinals three straight pitching gems. "I made a couple mistakes and pai...

KTRS Sports: Sources say there are problems in Blues' l…
After Wednesday night's 3-2 overtime loss to the Kings, KTRS Sports Director John Hadley reports that the Blues are having issues behind the scenes. Obviously, there are issues fo...

KINGS BEAT BLUES 3-2 IN OT, TAKE 3-2 SERIES LEAD
ST. LOUIS (AP) -- The way the Los Angeles Kings opened the playoffs is old news. The defending Stanley Cup champions are headed home where they've dominated, one win shy of survivi...

Kings have momentum, Blues still have home ice
ST. LOUIS (AP) - The defending Stanley Cup champions looked the part while evening their series against the St. Louis Blues. The Los Angeles Kings dominated the second half ...

Wood outpitches Lynn in Cubs' win over Cards
CHICAGO (AP) - Travis Wood pitched impressively into the seventh inning to outduel Lance Lynn, Nate Schierholtz hit a two-run homer and the Chicago Cubs snapped the St. Louis Ca...