The Social Security program faces challenges as its trust funds rely on redeeming Treasury bonds to meet payouts exceeding payroll tax income. This practice started in 2021, with $69.1 billion in interest earned from U.S. Treasury bonds in 2024.
Is this the future of America?
Let’s hope not. In December, the conservative Manhattan Institute found that 31 percent of Republicans under 50 identify their own views as racist, and 25 percent say their
The U.S. Is Not Prepared for the Next Economic Shock…
The U.S. faces an unprecedented fiscal challenge as debt climbs to 100% of GDP and deficits soar to nearly 6% of GDP. Policymakers must craft a robust response that not only addresses current shocks but also prevents further debt accumulation. As interest consumes nearly a fifth of federal revenue, maintaining fiscal discipline is paramount.
Something needs to change with Medicare Advantage
The average American senior’s Medicare premiums have skyrocketed by over $200 annually, allegedly due to private Medicare Advantage plans pocketing too much dough. It’s a mess, and seniors are the ones taking the hit.
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