Social Security
Trust Funds: Real and Imaginary
It is interesting that the basic framework of the U.S. unemployment compensation program was first established in the Social Security Act of 1935. Although both programs have trust funds, one is real, and one is imaginary. Due to the COVID-19 “pandemic,” state...
The True Nature of Social Security Revealed
A friend who opted to take early Social Security benefits at age 62 last late last year was aghast when he recently found out that half of his benefits might be withheld and 85 percent of his benefits might be subject to taxation. An exploration of why these things...
Should Social Security Be Expanded?
Time is running out for Rep. John Larson (D-Conn.), the chairman of the House Ways and Means Subcommittee on Social Security. The Constitution, in Article I, Section 4, mandates that Congress assemble “at least once in every Year.” Each Congress is numbered and lasts...
Newsflash: Social Security and Medicare Still Going Broke
Last year, Social Security and Medicare trustees warned that the programs are going broke. A year later — they’re still going broke. This shouldn’t come as a shock to anybody. It’s yet another example of the ineptitude of the political class in Washington...