Headlines
Social Security Briefly Takes Center Stage at SOTU
President Joe Biden momentarily waded into the Social Security minefield at last night’s State of the Union address with an implication that Republican leadership is advocating sunsetting of Medicare and Social Security. His remarks triggered a chorus of dissent from…
More Thoughts on the Taxable Maximum and its Role in the Solvency Problem
Through the years, the issue of raising–or eliminating–the maximum amount of earnings subject to the Social Security payroll tax, the 12.4% assessment levied on payroll income up to the limit set each year, has repeatedly surfaced as a solution to…
The Developing Rhetoric on Social Security’s Future
The airwaves are abuzz with commentary about Social Security and the recognition that we’re a mere decade away from a major financial setback for America’s seniors. Although the arrival date for full depletion of the program’s financial reserves is somewhat…
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…