Headlines
Social Security, Deficits, and Debt Explained
Teresa Ghilarducci, writing in Forbes Magazine, participated in a debate this week and sought to address why so many people mistakenly believe Social Security adds to the deficit. She notes Congress can add to the deficit and debt through every program…
Why a Bigger Social Security Program Would Make Us Worse Off
Rachel Geszler’s thoughtful piece in The Daily Signal explains the problems with The Social Security 2100 Act, likely to pass the House soon. It would make Social Security solvent and head off 20% plus in benefit cuts for all due to occur…
Social Security – Broken and in need of repair
Mum’s the word from The Trump Administration and all 24 Democrat presidential candidates when it comes to fixing Social Security. But why? Each of the candidates is intelligent and has surely been briefed on the annual report of The Social Security…
Does taxing the rich more to save Social Security make sense?
Sean Williams presents a solid reason for and a solid reason against raising the tax cap on Social Security wages to fix the program’s long-term financial woes. Currently workers pay 12.4% in payroll taxes (split evenly between employee and employer)…
Four Social Security Myths That Need to Die
Social Security is an important federal program for everyone who contributes and/or receives benefits. Yet, as Kailey Fralick writes in this piece, misconceptions still abound. Four in particular are these, all of which are incorrect: First, you get your full Social Security…
Beware of the Social Security “Tax Torpedo”
Many people are surprised to find out that their Social Security benefits may become taxable income. Unfortunately, many find out too late to be able to do anything about it, because once you claim Social Security your options for changing…
A slow moving crisis – Social Security’s financial woes
Politicians have known for a long time that the Social Security program is headed for some rough waters. Largely a result of increased longevity and a smaller ratio of workers to beneficiaries, the latest report to Congress by the program’s…
Economic growth will be restrained by Social Security 2100 Act
A highly respected and credentialed economist has reviewed House Democrats recent bill to “solve” Social Security’s financial woes. The bill, known as The Social Security 2100 Act, essentially proposes to substantially raise Social Security payroll taxes to cover the cost of…
Analysis of the Social Security Trustees’ Report
In a quite sobering analysis, an economic expert who previously served on the Board of Social Security Trustees, offers four important lessons he has learned from the Trustees’ latest report on the state of Social Security’s finances. Among those lessons are…
How to make your Social Security check bigger
You’ve undoubtedly seen advertisements about “secret” ways to increase your Social Security benefit, and most of these offer to reveal the so-called secret if you’ll only subscribe to their publication or buy whatever book they’re selling. Reality is that there…