AMAC Social Security Guarantee
Bipartisan Fiscal Commission Suggestion Surfaces (Again)
It’s been an on-again, off-again subject in the news over the years (for example, see our 2024 post on this topic), but now, with another two years closer to catastrophe, we see it once more. This time, the Committee for a…
Another Call to Action for Congress
“Key decisions can’t be put off any longer.” That’s the rallying cry in a post by The Motley Fool’s Maurie Backman today on Yahoo!Finance. A valiant message, for sure, but as noted in Tuesday’s headline post on this website, perhaps…
A Common Sense Approach to Social Security Reform?
In a well-written, somewhat light-hearted, but nonetheless timely and realistic discussion, Stanford Magazine writer Summer Moore Batte summarizes the thinking of two scholars on how to address Social Security’s rapidly approaching financial cliff. In her news.stanford.edu post, Ms. Batte captures…
Social Security and Income Taxes: Looking Beyond the $6,000 Bonus Deduction
At this point, it’s pretty well understood that the 2025 “One Big Beautiful Bill Act” provides a “bonus” income tax deduction intended to offset (for most seniors) the impact of federal income tax levied on Social Security benefits. It’s also…
Social Security Insolvency and Why It’s a Concern for All
The gloom surrounding Social Security’s financial situation — specifically, the steadily depleting reserves and the projected 20% to 25% benefit reduction facing beneficiaries as early as 6 years from now — is a cause for alarm among America’s seniors. But,…
EOY Report on Social Security Pledges Stability for Generations to Come
In his end-of-fiscal-year report to Congress on operational improvements implemented at the Social Security Administration, Commissioner Frank Bisignano highlighted the Agency’s transformational work in 2025. His comments also commended SSA staff for their “commitment to defending a program that provides…
Employer Compensation Tax proposal
The Committee for a Responsible Federal Budget just released its analysis of the Trust Fund Solutions Initiative white paper, suggesting a new alternative by replacing the employer side of the payroll tax with a flat Employer Compensation Tax (ECT) on…
Definition Time: “Wage Indexing” and How it Works
Yesterday’s headline post on this site discussed a paper by AEI senior fellow Andy Biggs identifying “wage indexing” as a key culprit in Social Security’s long-term funding problem. As our post pointed out, wage indexing is the process of using…
A Quick Summary of the Insolvency Problem
Social Security’s steadily deteriorating financial situation receives considerable attention in the press, with pundits continually assessing the causes, assigning blame, and discussing the potential implications. At this point, the vast majority of folks receiving Social Security benefits or aging into…
Social Security Insolvency and the Math Behnd It
A few weeks ago, the Social Security Board of Trustees issued its annual report on the program’s financial status at the end of 2024. As expected, it wasn’t good news. It signaled the loss of another year before the program’s…