Headlines
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…
What’s good for you may not be good for your spouse
About 40 percent of older Americans rely solely on Social Security income during retirement. So, there is a good chance either you or your spouse will fall into this category. That is why it is so important to focus on…
What if Congress does not raise the debt ceiling?
The U.S. is reaching the national debt limit on Thursday, January 19, 2023. Unless Congress increases the debt limit, the United States will have to pay its bills late and could default on its debt which has never happened. According…