The AMAC Foundation is kind enough to allow Angry Bear to use its information from the Social Security Report: “Government Shutdown? Medicare and Social Security Benefits to Continue Uninterrupted.” Here is the latest of what will happen if the Gov shuts down. Washington, D.C. Democrats and Republicans seem to be headed for an impasse when […]
It is hard to imagine the cutting of the Social Security benefit is the only solution on the table. If anything, the difference in what is spent and what is needed can be mitigated by increases starting next year. This may not solve the issues 100%. It will lengthen the time before no Trust Fund […]
The loose cannon here is healthcare costs which impacts everyone in the nation. In this case, I am talking about Medicare Part B and how an increase in the Medicare Part B will reduce the Social Security increase in 2026. Discovered a new site on Social Security and Medicare offering up information on the programs. […]
“The 2026 COLA is likely to be 2.7%, according to a recent projection by The Senior Citizens League. That’s a notch above this year’s COLA of 2.5%, which bumped up the average monthly benefit by roughly $50 for retired workers, and applies to more than 70 million retired senior citizens and disabled workers.” But does […]
Something that few are talking about in Congress or the news, cuts to Medicare. Brendan Boyle is a House Representative (D) and the ranking member of the House Budget Committee. Boyle is saying Medicare and Medicaid are both in the mix to fund Tr__p’s BBB. Look at the date of the letter to Representative Brendan […]
Dean Baker: Don’t Buy the Scare About Social Security. “The increase in spending on Social Security from 2033 to 2034 (measured as a share of GDP) is 0.03 percentage points. That would be less than 1.0 percent of the Pentagon’s budget. This is the extent of the increased economic burden in the year the trust […]
Speaking at a Breitbart event, Treasury Secretary Scott Bessent crowed about the new “Trump Accounts” in which the the parents or employer can contribute up to $5000/year. The funds are to be structured like IRAs and must be invested in portfolios tied to U.S. stock indexes. Quoth Bessent: “In a way, it is a backdoor […]
When I started my faculty position at the age of 32, the university had a defined benefit plan. They would contribute 6% of my salary to my retirement investment, pre-tax. I could contribute up to 60% from my salary pre-tax, but to get the university contribution, I had to contribute at least 4%. Such a […]
If you have not noticed, the present administration has come all out for the upper income citizens. It was the low-and middle-income citizens which put our president in office either by voting or not voting. My point? Yes, the present administration will eventually be out of office. Then we have the House and the Senate […]
There is a constant tenor that people can do better by investing their funds elsewhere other than contributing to Social Security. In the short term that can be true as long as you have the funds to invest all the time and the economy does well. There are no guarantees in private investments and politics […]