The Biden Administration and the Federal Reserve somehow believe the national debt does not matter. The spin is that spending keeps the economy growing as long as the credit card can be paid off in U.S. dollars, so why worry? The federal government truly treats Americans as 328 million “suckers.” Unfortunately, reality will hit when…
Not all millennials and Gen Zers trust the government blindly. Many, a Northwestern Mutual study shows, are actually unsure whether they will ever see a cent from Social Security when they retire. Considering many have seen the little savings they had dry up following the pandemic-related lockdowns, some now wonder if they can catch up…
Mary Margaret Olohan Democratic presidential candidate Pete Buttigieg is attracting older white Americans through his polite demeanor, catered plans such as his “Gray New Deal,” and a deluge of television ads. The 37-year-old South Bend, Indiana, mayor found unexpected success with baby boomers as he struggles to build support among black voters and young voters, enabling him…
Audrey Conklin 2020 Democratic presidential candidate Elizabeth Warren introduced a plan Thursday to expand Social Security benefits by $200 per month by taxing the rich. The proposal, published on Medium, will also increase Social Security benefits “for lower-income families, women, people with disabilities, public-sector workers and people of color.” The added benefits would cost the country…
James Carville famously said about politics that, “It’s the economy, stupid”. So what is our current economy telling us? Unemployment is at a 49 year low. Wage growth is strong (a steady 3%, the highest in about ten years), outpacing inflation (which has been steady at roughly 2%), as companies are competing to gain or…
The most recent Social Security trustee report was released this week. The major news from the report isn’t really new, and the relevancy is more that predictions of the future have remained relatively constant. In short, Social Security’s retirement portion is set to become insolvent in 2035, which is only one year off from the…
Neetu Chandak on April 22, 2019 Republish Reprint Government officials predicted that Social Security trust funds will be unable to pay full benefits in 2035 unless Congress acts in a timely manner in a report released Monday. The Social Security Board of Trustees released their 79th annual report, which said 80 percent of reserve funding for the…
Nick Polce has been running for Paul Ryan’s seat for months, with the stated aim of replacing a Republican leadership that has failed it’s base. The most recent failure may have been the omnibus, but for many Republicans, being let down by leadership seems to be the way things have been for decades. Before Ryan…
LISTEN TO TLR’S LATEST PODCAST: By Rob Shimshock Almost one-and-a-half million Harvard emails containing grades, answer keys, bank account numbers, and even one person’s Social Security number were publicly available until Monday afternoon. Harvard administrators and more than two dozen student managers of the email lists were unaware of the visibility of their contents, as reported…
LISTEN TO TLR’S LATEST PODCAST: by Kitty Testa I don’t know about you, but my die-hard conservative friends and family have been acting sort of strange lately. It started a little over a year ago, revealing itself in an unexpected comment here or there. Conservatives suddenly started saying things like, “The invasion of Iraq was…