The Democratic Senate Majority PAC has a new ad out reminding voters of GOP Sen. Rob Portman's past support for privatizing Social Security, reports Caitlin MacNeal: The ad titled "Cicadas" from the Democratic group notes that Portman once supported privatizing Social Security. Show More Summary
The "Game of Thrones" season six finale airs this weekend. But for parents and parents-to-be who love the show (and/or book series that inspired it), the "GoT" mania can live on in many ways... like baby names. Social Security Administration...Show More Summary
Here's a close look at what the recent Trustees report says about Social Security and Medicare, plus what the candidates say.
Republican Wisconsin Sen. Ron Johnson just handed opponent Russ Feingold the keys to the election in November. It's the perfect storm of stupid on Johnson's part. He trashed Social Security in front of a Koch group, Americans for Prosperity,...Show More Summary
It has nothing to do with the burden or lack thereof carried by the rich. It is because we want to throw money at the problem – preferably money belonging to someone else.
You may not be interested in the ticking time bomb of entitlements, but the ticking time bomb of entitlements is interested in you. The new numbers and projections for Social Security and Medicaid are out from the program’s trustees,...Show More Summary
Concerning entitlements, an issue that’s fallen by the wayside since the horrific Orlando attacks, there’s more bad news. Social Security will...
Sen. Ron Johnson (R-Wis.) described Social Security as a “legal Ponzi scheme” and voiced support for privatizing the program while meeting with conservative activists. Speaking to a local branch of the Koch brothers-backed group, Americans...Show More Summary
Today is June 23, the date in 1921 when the Bureau of the Budget was established as part of the executive branch. Today called the Office of Management and Budget (OMB), it serves as the White House’s analytical arm, preparing the budget and overseeing federal executive agencies. Show More Summary
AFL-CIO President Richard Trumka issued the following statement in response to the release of the 2016 Social Security and Medicare Trustees' Reports (after the jump):
Eclectablog - UNDER NEW EMERGENCY MANAGEMENT! Feministing - under no circumstances care for your family; Gin and Tacos - Social Security is doooooomed! Hunting of the Snark - the burden of the elites; Just Above Sunset - Trump: the rationale...Show More Summary
Submitted by Michael Shedlock via MishTalk.com, The EU is studying a proposal that would count robots as people for tax purposes. Although the proposal is deemed “too early” to implement just yet, rest assured once nannycrats get a bad...Show More Summary
In their annual report, Social Security trustees say the program will be insolvent in 2034. Medicare Part A even sooner.
WASHINGTON -- Social Security will be able to pay full benefits until 2034, when it will face a modest gap in funding, the social insurance program’s trustees reported on Wednesday. Although the findings of the annual report on Social...Show More Summary
The financial outlook for Social Security and Medicare has changed little since last year, according to today's reports from the programs' trustees. Social Security can pay full benefits until 2034 and Medicare's Hospital Insurance (HI) trust fund through 2028. Show More Summary
The Social Security Board of Trustees has just released its annual report to Congress. It shows that Social Security has a large and growing surplus, and its future cost is fully affordable. Indeed, a greatly expanded Social Security is fully affordable. According to the new report, Social Security is 100 percent funded for the next eighteen years. Show More Summary
A report could add a note of fiscal reality to a presidential campaign that has given scant attention to the fiscal challenges of an aging population.
Dean Baker: Statement on the 2016 Social Security Trustees Report: The 2016 Social Security Trustees Report is little changed from the 2015 Report. It shows a small decrease in the projected 75-year shortfall of 0.02 percentage points. Changes in the...
Notice anything about Mark Zuckerberg's laptop? He apparently covers the camera, possibly out of concern for his own security. The Facebook CEO took to the social network to celebrate 500 million Instagram users by sharing a photo taken at the Facebook headquarters in California. Show More Summary
You probably think your social media, email and online banking accounts are pretty secure. After all, you use different complex passwords for each and never log into them from public computers. Yeah, your online accounts are locked down tighter than Fort Knox.