Social Security

I pull the following directly from the summary of the 2024 annual reports of the Social Security and Medicare Boards of Trustees: “The Old-Age and Survivors Insurance (OASI) Trust Fund (that is, Social Security) will be able to pay 100 percent of total scheduled benefits until 2033, unchanged from last year’s report. At that time, the fund’s reserves will become depleted and continuing program…

A newspaper story several years ago reported about an elementary school teacher who held elections in his class. The students picked their candidates — one little boy competing against one little girl. The little boy stood up before the class and shared his ideas for changes that would improve their lives. The little girl stood up and promised that everyone who voted for her would get ice…

President Joe Biden makes no speech without mentioning the importance of democracy in our nation. We would like to believe this comes from deep ideals about human liberty lodged within our president. But more accurate is that Biden, a politician all his adult life, is defined by just that — politics. No word, no act emanates from our president that does not emerge from some political…

The trustees for Social Security have just issued their annual report. And, as we have learned annually over recent years, the system cannot meet its obligations. According to this latest report, the Social Security system will not be able to meet its obligations to retirees by 2035. In 2035, the system will be adequate to meet just 83% of its obligations. This is supposedly good news because…

With the general election underway, the campaigns are off to the races…and so are the networks’ respective political correspondents. And they seem to be all over the place, as their coverage of reaction to remarks made by former President Donald Trump over the future of Social Security.

It seems many still harbor, or want to perpetuate, the illusion that our Social Security system is not in trouble. Let me quote here from a press release from the Social Security Administration released March 31, 2023: “The Social Security Board of Trustees today released its annual report on the financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age…

Syndicated radio host Dan Bongino sounded the alarm on the looming disaster posed by America’s precarious economic situation.

Republican presidential candidate Nikki Haley got to the heart of the government shutdown fireworks in her appearance on Fox News Sunday. “Let's be clear what the Freedom Caucus is really trying to do; they are trying to cut spending.” That's of course correct. One would be hard-pressed to find any Republican, Freedom Caucus member or not, who does not understand the gravity of the state of…

Did you survive the budget cuts from the last debt ceiling fight? President Joe Biden called them “draconian,” while Republicans praised the deal’s “historic reductions in spending.” But both parties conned us, as my new video explains. What they call “cuts” were just a reduction in their planned spending increase. Instead of raising spending by 7.8%, they increased it by “only” 3.9%. Only…

Social Security is toast. So is Medicare. Too many of us old people live longer, so there are not enough working people to support us. Soon both Social Security and Medicare will be broke. Our politicians don’t have the guts to do anything about it. Or even talk about it. It’s easy to see why. Recently, France’s president, trying to keep his country’s pension system from going broke, raised…

This week, Speaker of the House Kevin McCarthy, R-Calif., and President Joe Biden cut a deal to raise the debt limit. The breakthrough came after three months of Biden pledging not to even negotiate over the debt limit. Instead, Biden was forced to concede to a 1% cap on increases for non-military spending, a cutback on IRS funding, a clawback of some unspent COVID-19 allocations, and addition…

Is there an ulterior motive for CNN to suddenly criticize the political hypocrisy of Joe Biden.

Louisiana Sen. Bill Cassidy is a man who does not concern himself with throwing red meat around, but even he ran out of patience with CNN’s Kaitlan Collins for repeating White House talking points about Republicans and Social Security, telling her that “you know better than that” during an interview on Thursday’s CNN This Morning.

During President Joe Biden’s State of the Union speech, he got booed after accusing “some” Republicans of seeking to “sunset” some of the so-called entitlements[SP1]. Biden said: “Instead of making the wealthy pay their fair share, some Republicans ... want Medicare and Social Security to sunset. ... Anybody who doubts it, contact my office. I’ll give you a copy. I’ll give you a copy of the…