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Andrew Cuomo on Social Security

Democratic Governor


Expose obscure formulas that cause automatic increases

Andrew Cuomo's gutsy new budget just put Social Security on the chopping block. The irony is that Cuomo himself almost certainly doesn't realize what he's done. Let me explain.

The fiscal plan Cuomo released the other day seeks to completely reframe the way we talk about budgets. Cuomo shined a light on New York's dirty fiscal secret: spending in many programs soars each year because of obscure formulas that bear no relationship to economic conditions. Medicaid and education are the chief offenders, with both slated automatically to rise a stunning 13% next year.

There is no way to distinguish Cuomo's [reframing] from the way Social Security works: increases are built into Social Security's formulas, just as with New York's unsustainable Medicaid rates. I'm not talking about the way benefits are hiked each year to keep up with inflation--no problem there. But under current formulas, the starting benefit levels slated to be enjoyed by future retirees are substantially higher than they are now.

Source: Washington Post on 2014 New York State gubernatorial race , Feb 9, 2011

Other governors on Social Security: Andrew Cuomo on other issues:
NY Gubernatorial:
Bill de Blasio
Howie Hawkins
Kathy Hochul
Mike Bloomberg
Rob Astorino
Zephyr Teachout
NY Senatorial:
Charles Schumer
Kirsten Gillibrand

Gubernatorial Debates 2014:
AL: Bentley(R) vs.Griffith(D)
AR: Ross(D) vs.Hutchinson(R) vs.Griffin(R,Lt.Gov.)
AZ: Ducey(R) vs.DuVal(D) vs.Mealer(AE) vs.Gilbert(L) vs.Riggs(R)
CA: Brown(D) vs.Kashkari(R)
CO: Hickenlooper(D) vs.Beauprez(R) vs.Tancredo(R) vs.Hess(L)
CT: Malloy(D) vs.Foley(R) vs.Walker(R,Lt.Gov.)
FL: Scott(R) vs.Crist(D) vs.Snitker(L,Lt.Gov.)
GA: Deal(R) vs.Carter(D) vs.Hunt(L)
HI: Ige(D) vs.Aiona(R) vs.Abercrombie(D)
IA: Branstad(R) vs.Hatch(D) vs.Hoefling(R)
MA: Coakley(D) vs.Baker(R) &Polito(R,Lt.Gov.) vs.Grossman(D) vs.Berwick(D)
ME: LePage(R) vs.Michaud(D) vs.Cutler(I)
MI: Snyder(R) vs.Schauer(D)
NM: Martinez(R) vs.King(D)
NY: Cuomo(D) &Hochul(D,Lt.Gov.) vs.Astorino(R) vs.Hawkins(G) vs.Teachout(D)
OK: Fallin(R) vs.Dorman(D)
PA: Corbett(R) vs.Wolf(D) vs.Schwartz(D,lost primary) vs.Critz(D,Lt.Gov.,lost primary)
Up for re-election 2014:
AK-R: Sean Parnell
AL-R: Robert Bentley
CA-D: Jerry Brown
CO-D: John Hickenlooper
CT-D: Dan Malloy
FL-R: Rick Scott
GA-R: Nathan Deal
HI-D: Neil Abercrombie
IA-R: Terry Branstad
ID-R: Butch Otter
IL-D: Pat Quinn
KS-R: Sam Brownback
ME-R: Paul LePage
MI-R: Rick Snyder
MN-D: Mark Dayton
NH-D: Maggie Hassan
NM-R: Susana Martinez
NV-R: Brian Sandoval
NY-D: Andrew Cuomo
OH-R: John Kasich
OK-R: Mary Fallin
OR-D: John Kitzhaber
PA-R: Tom Corbett
SC-R: Nikki Haley
SD-R: Dennis Daugaard
TN-R: Bill Haslam
VT-D: Peter Shumlin
WI-R: Scott Walker
WY-R: Matt Mead

Term-Limited or Retiring 2014:
AR-D: Mike Beebe
AZ-R: Jan Brewer
MA-D: Deval Patrick
MD-D: Martin O'Malley
RI-I: Linc Chafee
TX-R: Rick Perry
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Election 2013:
New Jersey:
NJ-R: Chris Christie (won)
NJ-D: Barbara Buono (lost)
Virginia:
VA-R: Bob McDonnell(Retiring)
VA-R: Ken Cuccinelli (lost)
VA-D: Terry McAuliffe (won)

 

Page last updated: Oct 05, 2014