Headlines
House Budget for FY 2016 Strengthens Social Security & Medicare, Says AMAC
House Budget Resolution for FY 2016 Strengthens Social Security and Medicare, says AMAC ‘It paves the way for a “more efficient, effective and accountable” government’ WASHINGTON, DC, Mar 18 – The House Budget Committee’s FY 2016 budget resolution, A Balanced…
Dems Slam Renewed GOP Effort to Create a Social Security ‘Crisis’
Democrats slammed the House GOP for targeting Social Security in its new budget resolution unveiled Tuesday, contending that the move is part of an emerging Republican strategy to create a crisis atmosphere and set the stage for dramatic changes in…
It’s Not Income Inequality – It’s Income Confiscation That Hurts!
Income inequality has become a popular cry for those on the left who want to justify raising taxes. But the real culprit that is hurting American workers is “income confiscation.” That is the taking of the fruits of your labor…
Hatch Calls for Bipartisan Fix to Restore Social Security…
Hatch Calls for Bipartisan Fix to Restore Social Security Disability Insurance Fund In a speech on the Senate floor, Utah Senator Says, “Most proposals to reform Social Security by raising payroll taxes would result in massive tax increases, particularly on…
Senate GOP Budget to Break with Paul Ryan’s Blueprints
Senate Republicans will not include detailed plans to overhaul entitlement programs when they unveil their first budget in nearly a decade this week, according to GOP sources. The decision would break from Rep. Paul Ryan’s (R-Wis.) House budgets from recent years,…
House Leaders Looking for Deal to Halt Medicare Payment Cuts
Aides to top House Republicans and Democrats are hoping to negotiate a bipartisan compromise to permanently revamp a law that annually threatens cuts in Medicare payments to doctors, including a 21 percent reduction set to take effect April 1. As part…
How inequality is worsening the retirement crisis
The gap between the top 1 percent of American earners and everyone else will play out for years to come, thanks to its impact on retirement savings. Income inequality is wreaking havoc with the ability for low- and middle-wage earners to…
Staggering’ crisis looms in retirement income, senators learn
Responding to senators warning about a “staggering” crisis in retirement savings, a Washington University professor suggested Thursday four reforms to mitigate an over-dependence on Social Security for many retirees. Testifying Thursday before a Senate Special Committee on Aging, Michal Grinstein-Weiss, an…
Social Security fund is currently borrowing 33 cents of every dollar in outlays
Lawmakers joined with the Association of Mature American Citizens last week at a Social Security Working Group meeting intended “to light a fire” in Congress on the issue, according to association president Dan Weber. “On its current financial track, Social Security…
8 Threats for Retirement Accounts …
While supporters of President Obama’s 2016 Fiscal Budget say the budget will make it easier to save for retirement, the proposal is giving mixed messages when it comes to retirement planning. I have identified eight budget provisions that would have a…