Your Search Results
It is unclear tonight whether the defunding of Social Security and Medicare will continue for another two months or another year or, not at all. Congress, at least those not already on vacation, are still pondering this.
This week, the Senate will take up a bill concerning extending the reduction in the amount of taxes Americans pay to fund Social Security and Medicare. The bill contemplates extension of the lower tax rate Democrats, at the urging of President Obama, put in place two years ago as a “temporary” measure to boost the economy.
Our featured video for the next day or so. Courtesy Dan Mitchell from the Cato Institute.
Correct. Well actually Neil Cavuto catches New Jersey Congressman Bill Pascrell in an old Democrat talking point … “We won’t balance the budget on the backs of seniors”, wherein the Congressman had a little trouble walking it back. If it weren’t so sad,it would be funny. But alas, it’s a pathetic commentary on the state…
We learned in May that the Trustees of the Social Security and Medicare Trust Funds reported that the Social Security Disability Fund is expected to go broke in 2018. Of course, it is already broke as all it has are government IOU’s, but that’s not the reason for the post.
Everything with this administration seems to be “unexpected”…from higher unemployment, to higher gas prices, to higher food prices. We now have a new “unexpected”. Friday the Trustees of the Social Security and Medicare Trust Funds issued their annual report. You can read a summary here, but it isn’t pretty.
- « Previous
- 1
- 2
- 3
- Next »