You may have seen that Speaker Mike Johnson wants Social Security to be “fixed” after the midterms. The fact that he wants to wait until after the midterms tells you everything you need to know. He’s using “fixed” in the sense of what you do to your dog if you don’t want puppies. Republicans know […]
Sometime around 2033 or 2034, SS benefits will drop by ca. 23% if nothing is done. One frequent proposal is to remove the cap on payroll taxes. There are at least two problems with this: (1) the wealthiest Americans derive most of their income from non-salary sources, and (2) this just turns SS into welfare, […]
Yesterday, Senator Ron Johnson (R-WI) called Social Security a ‘forced retirement program’ and said workers’ payroll contributions should be gambled on Wall Street. My senator, Sheldon Whitehouse (D-RI) proposed adjusting the payroll wage cap so that people making over $400K per year begin paying their fair share — a “win-win.” Let’s take each of these […]
At Angry Bear, Dale Coberly is the resident expert on Social Security. He is the go-to person for questions or discussions. Dale and Bruce Webb wrote on the topic and were known for their knowledge. The issue here being, we are running a shortage of funding. There is still time to correct SS with small […]
Ran across this at the Brooking site. There are more issues we should be watching. These are the five I consider to be the most important. I did not include everything for each topic. There is more information to be read which will flesh out each issue. On healthcare also, expect 20 million people to […]
Dale Coberly talking with AI (Artificial Intelligence) about Social Security. The Committee for Responsible Federal Budget has not been buying into Dale’s plan. Instead, they believe in cuts to Social Security rather than small (tens of 1 percent) increases in withholding. They have it in their mind that little can be done to keep Social […]
Part Three of a commentary (broken into parts) about Social Security. Dale Coberly discusses with AI (Artificial Intelligence) Social Security. The topic about Social Security? How it can be saved as it is today without major cuts to it. This is really hard to discuss with people. Many believe it would take a vast amount […]
Part Two of a commentary (broken into parts) about Social Security. Dale Coberly discusses with AI about how Social Security can be saved as it is today and without cuts to it. This is really hard to discuss with people. Many believe it would take a vast amount of money in the form of taxes. […]
Part One of a commentary broken into parts about Social Security. Dale Coberly discusses with AI about how Social Security can be saved as it is today. ~~~~~~~ This began as a conversation with AI on “the death of truth.” and evolved into a discussion of the death of truth about Social Security. It has […]
Like most boomers, I’m retired. My retirement is funded by (a) a 403b defined contribution plan, (b) Social Security and (c) personal savings. I waited until age 70 for SS benefits, to max those out. Not everyone is so fortunate. “How’s this for a somber retirement forecast: The typical American worker has less than $1,000 […]