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New Report Shows Hispanics Responsible For $605 Billion In Annual U.S. Spending Power, $190 Billion In Tax Revenue
Today, the Partnership for a New American Economy released a new report highlighting the important role that both native and foreign-born Hispanics play as consumers, purchasing goods and services that circulate money through the economy and help to grow and…
Top Party Leaders Agree On Spending Bill, Vote Expected Thursday
Republican leaders in the U.S. House of Representatives, along with Senate Democrats, agreed to a $1.1 trillion government funding bill Tuesday night that will avoid a federal shutdown and fund the implementation of President Barack Obama’s executive immigrant amnesty through…
For holidays and beyond: ‘The Twelve Sites of Social Security’
Back by popular demand is our holiday favorite, “The Twelve Sites of Social Security.” It’s inspired by the popular traditional holiday song, “The Twelve Days of Christmas,” a holiday favorite since 1780. Play it again, Santa!…Read More Notice: The…
Americans Are Getting Older, and That’s Worrisome
Americans age 65 and older will rise to account for more than 20 percent of the population by 2030, according to Census Bureau projections released Wednesday. About 74.1 million of the 359.4 million people (20.6 percent) the Census projects for 2030…
How to fix Social Security’s error
Sometimes Social Security makes mistakes. Getting this giant agency to acknowledge an error and fix it isn’t a slam dunk, but it can be done. Errors are rare, says Dorothy Cullum, a former management analyst for the Social Security Administration…
‘Under Observation’: Medicare at Its Stingiest?
A federal effort to keep Medicare recipients out of an admissions revolving door at some hospitals was meant to curb government spending. But an unintended consequence of the program has left some older Americans with sticker shock. The crackdown has led to…
Senator Sanders and the Impossibility of Reviving Democratic Party Liberalism by Charles Andrews
Senator Bernie Sanders of Vermont released a 12-step economic agenda on December 1, 2014. Cyber Monday at the start of the holiday commercial frenzy is not the best time to capture public attention, but Sanders probably has a strict timeline…
When We Say ‘Retirement,’ You Say…
What images does the word “retirement” conjure up? Fun? Relaxation? Excitement? Exploration? Try again. How about “old”? “Old” was the No. 1 answer of 1,134 respondents to an informal online survey byFinancial Engines FNGN +0.54%, which manages individual retirement accounts and 401(k) accounts. Starting…
A retirement crisis is coming; here’s how to fix it
While I have written previously on bits and pieces of the problems with our retirement system, my new co-authored book covers this issue comprehensively and presents specific solutions. This blog summarizes the core message. The problem is simple. We are facing…
Paul Ryan: Aiming for a Congress that works in 2015
Like two predatory animals circling each other, Republicans and Democrats are trying to sort out the meaning of last month’s election and plan strategies for the remaining days of the current Congress and the new one in which Republicans will…