Headlines
CRFB White Paper: “Principles for Social Security Reform”
The Committee for a Responsible Federal Budget, a nonpartisan and non-profit organization committed to educating the public on issues with significant fiscal policy impact, has issued an important white paper this week. The group has been advocating for reform of…
The return on patience is huge for Social Security
Lorie Konish of CNBC cites recent research showing all U.S. workers ages 45-62 would benefit from waiting until beyond age 65 to start receiving Social Security retirement benefits. While experts know this, few laypeople seem to consider it: retirement benefits…
Social Security & Medicare cuts ‘off the table’ but commission possible
Speaker Kevin McCarthy meets with President Biden at The White House today, Wednesday February 1st. Lorie Konish of CNBC has been previewing how the two might tackle Social Security and Medicare, two programs headed for insolvency. McCarthy has stated any…
Discussions on Social Security Insolvency Amp Up– That’s Good.
Andrew Biggs is an acclaimed expert on Social Security matters. Writing here in Forbes, he assesses a recent debate between MSNBC host Joy Reid and Florida GOP Rep. Byron Donalds on insolvency. That more people are talking about insolvency, now…
What does a National Sales Tax Have to do with Social Security?
Perhaps “nothing” might be the typical reply to, “What does a National Sales Tax Have to do with Social Security?” But all of D.C. has been abuzz with talk about this idea which comes up from time to time. Democrats…
Delay Claiming Social Security? Or not?
Deciding when to claim Social Security is usually a tough decision. There is an 8 year window during which to claim – between age 62 and age 70 -and when you claim within that window determines how much your benefit…
Seeking a Bipartisan Solution for Social Security’s Future Insolvency
Interesting how the climate can change so quickly. With Republicans now holding the majority in the House of Representatives, and with the national debt ceiling already reached, lawmakers are scurrying to prevent default on government obligations while trying to simultaneously…
The Debt Ceiling Drama and Social Security
It’s all over the news these days – the government’s self-mandated “debt ceiling” has been reached, portending dire consequences unless Congress acts to raise it. In a nutshell, reaching the debt ceiling means that the government cannot borrow money to…
Must I Take Medicare at 65 if I’m Still Working?
Age 65 is, of course, the standard age at which eligible Americans can enroll in Medicare, our national healthcare system. Medicare consists of two main parts – Part A which is inpatient hospitalization coverage, and Part B which is coverage…
“Taxing the rich” is no Panacea for Social Security’s Financial Issues
The cornerstone of President Biden’s proposed solution to Social Security’s financial problems is to raise the payroll tax by applying it to those whose annual earnings exceed $400,000 – effectively “taxing the rich” more than those who earn under than…