Social Security solvency
Course Correction at the Social Security Administration Sorely Needed
Amid all of the media hyperbole from liberal Democrats in arms about the Department of Government Efficiency (DOGE) and, most recently, about DOGE activities to cut Social Security fraud and waste, comes a reasoned opinion by a respected media executive…
Social Security is changing; but how?
Social Security sure has been in the media spotlight recently, with many accounts predicting benefit cuts, and some even predicting the demise of the program. Of course, most of that is hyperbolic nonsense, but what is the real situation with…
Social Security promise - broken, or not?
During the recent election cycle, all candidates promised that Social Security “would not be touched.” That included President Trump, who committed that he would not “touch” Social Security. But with the recent events associated with the Department of Government Efficiency…
Social Security insolvency is fixable
Not a day goes by that we don’t see some media posts about Social Security going bankrupt. Yes, the Social Security Trust fund is facing an insolvency issue in the coming years; however, it is fixable. One fixable item is…
Fighting Social Security Fraud Surprisingly Controversial
When did efforts to fight fraud become a political “hot potato?” Well, don’t let it ever be said that even the most obvious improvement plan is immune to political criticism, because that seems to be exactly what is happening now.…
A Realistic Perspective on Reducing Social Security Fraud
Most media accounts of recently announced Social Security changes have been met with criticism by reporters, liberals, and anyone else wishing to label the Administration’s fraud and waste reduction efforts as misguided. But reality is that nearly $72 billion in…
Private Investment Accounts to help with Social Security Insolvency?
Larry Fink has proposed a reform of Social Security which includes the integration of private investment accounts. Allocating a portion of Social Security taxes into private accounts could improve returns by linking them to financial market gains. Hugh Cameron for…
About not paying income tax on Social Security Benefits
President Trump has suggested that seniors should not have to pay income tax on their Social Security benefits, and (obviously) most seniors would agree. Some studies say that eliminating income tax on Social Security benefits would provide a welcome $3,000…
What is the Status of Social Security?
Social Security’s future has faced turmoil over the last several days after a Feb 28th Press Release announced that it would lay off about 7,000 people. This stirred up concerns on how the staff cuts could impact benefit payments. In…
How will the Trump Administration affect Social Security Insolvency?
Social Security insolvency has been in the news a lot recently. Analysis by the Committee for a Responsible Federal Budget (CFRB) shows the Social Security Trust Fund may become insolvent by 2031, three years earlier than previously projected. Implementation of…