Headlines
The House Just Voted to Repeal Obamacare. Why the Senate Should Do the Same.
The U.S. House of Representatives has voted for the fourth time to repeal—in full—the Affordable Care Act of 2010. The margin was 239 to 186. Now, the national debate moves to the Senate. For the past five years, Sen. Harry…
What’s your retirement IQ?
Most Americans in good shape or bad shape when it comes to retirement? It depends on which research report you read. According to a retirement savings analysis from Fidelity Investments , the 2014 year-end average 401(k) balance was $91,300, a…
Obama Budget Ignores Reality of Social Security
President Obama’s budget released Monday proposes using revenue from the trust fund that’s supposed to be dedicated to paying Social Security retirement benefits to shore up a separate trust fund for those with disabilities that’s on the verge of depletion.…
How Obama Would Spend Your Money in 2016, Agency by Agency
Sure, $4 trillion sounds like a lot. But it goes fast when your budget stretches from aging highways to medical care to space travel and more. Here’s an agency-by-agency look at how President Barack Obama would spend Americans’ money in…
Obama budget seeks to help middle class, tax corporate overseas profits
President Obama is set to release a $4-trillion budget Monday with liberal priorities that have little chance of passage but will serve as an initial foray in negotiations with the new Republican Congress and help define the Democratic Party in…
AMAC: Aging workforce good for employers and the economy
America’s aging workforce is a good thing for employers and the economy, according to Dan Weber, president of the Association of Mature American Citizens, noting that a new Gallup poll shows that “employee engagement increases with age, even well into…
Taxing Social Security Benefits
Legislation introduced Wednesday in the House of Representatives would stop the practice of double-taxation of Social Security Benefits. Dan Weber, president of the Association of Mature American Citizens, said that AMAC “stands squarely behind the bill and will relentlessly encourage…
Why Spending Is Back in Season in Washington
America’s partisan divisions are so familiar it sometimes seems the fight never changes. But on the federal budget , the battlefield has been transformed. Four years ago, when budget deficits topped $1 trillion, congressional Republicans turned their midterm election triumph…
Congress torn over depleted disability fund
A Social Security fund that provides benefits to nearly nine million disabled people is projected to run out by the end of 2016, and a new House rule could cause headaches for majority Republicans during the upcoming push to shore…
New Report: Deficit Will Exceed $1 Trillion Before Decade’s End
The new Congressional Budget Office report released today shows deficits and debt rising over the next decade, despite a short-term improvement in the 2015 budget year. The report contains several pertinent facts concerning spending, taxes, deficits, and debt, including these…