Candidate Trump promised he would not allow any cuts to Social Security or Medicare if elected. Looks like President Musk didn’t get the memo: “Despite reporting from The Washington Post on Monday suggesting that DOGE officials are starting to worry about bad “PR,” Musk suggested later in the day he could push for big cuts […]
Candidate Donald Trump promised not to touch Social Security if elected. But President Musk made no such promise, and is already spouting the usual lies to justify cutting Social Security benefits and privatizing the program: “The billionaire argued Friday on “The Joe Rogan Experience” podcast that the United States government is “one big pyramid scheme” […]
Social Security adjustments are coming up starting January 2025. As if typical the increase in payment did not keep up with inflation last year. If you have not been keeping track of forth coming Social Security changes in 2025, here they are: Starting in 2025, Medicare Part B premiums will increase from $174.70 per month […]
During his campaign, Donald Trump “promised” not to touch Social Security and to veto and law that modified the program. That “promise” is about to be tested. “Lee’s attack has four basic components. One is to bemoan the fact that Social Security is funded mostly by a tax, which he asserts the government can use […]
Social Security is sustainable. I do not know how many times Dale, Arne, and Bruce have had to explain this. And no, the US has not been on the Gold Standard for domestic transactions since 1933. In 1971, the US left the Gold Standard for International transactions under President Nixon. The U.S. switched to a […]
Normally, a sentence that begins “Donald Trump says . . . “ is not worth finishing, and that’s how a recent blog post over at jabberwocking.com begins. But finish it I did, and it turns out that DJT says he wants to eliminate all federal income taxes on Social Security. Currently, if SS is your […]
There has always been a lot of misinformation and frank dishonesty surrounding Social Security. Here are three things that Social Security isn’t: 1. A retirement investment. Social Security is insurance. It is not meant to be your sole source of income after retirement (although for many Americans, it basically is). Social Security is not a […]
by Dale Coberly No. It’s not. Here is why. The argument for ending the tax on Social Security benefits seems to be that “it is a tax on a tax”, double taxing, and not fair. Even the good guys believe this. But they are wrong. Consider, You pay income taxes on your ordinary income. Then […]
I was looking for a report through 2022 on housing. This was the best I could do. Maybe later? The report is about households with or without SS beneficiaries who are renting, homeowners with mortgages, and homeowners without mortgages. The study is looking at the cost impact in each category for those households with SS […]
In a previous post, I mentioned an effective way to curtail illegal immigration—require all employees to be screened through E-Verify—and some reasons why it won’t be adopted. Another disincentive to deterring illegal immigration is that it subsidizes Social Security and Medicare: “ . . . illegal immigrants as a group are net contributors who partially […]