I was watching C span Washington Journal this morning.  Rep Marsha Blackburn was the guest.  I got to listen to her explanation of how the Social Security funds flow and just had to post the clip.   Copied from the transcript of the clip: THEIRS MONEY THAT GOES TO MEDICARE AND SOCIAL SECURITY AND I THINK […]

How is Social Security holding up given the terrible employment numbers? Well not as bad as I had feared. OAS::Opening balance//Projected year end balance-Intermediate Cost//Y-O-Y Increase//Year end balance-Low Cost//Y-O-Y increase-Low Cost$2.023 trillion // $2.216 trillion //$193 billion// $2.221 trillion// $198 billion DI::Opening balance//Projected year end balance-Intermediate Cost//Y-O-Y Increase//Year end balance-Low Cost//Y-O-Y increase-Low Cost$214.9 billion//$218.7 billion//$3.8 […]