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.
Category: Social Security
How it works, the issues for today and tomorrow.
CPI IMPORTANT TO RETIREES
With the CPI climbing 2.2% annually and February’s 0.5% jump, the challenge of rising prices and Social Security adjustments looms. Opting for stability over volatility remains key.
Taxes and reality
Forget myths about rich tax evaders or foreign theft—Americans face a national debt of $38.6 trillion, with $30.9 trillion owned by foreign entities. As the clock ticks toward Social Security and Medicare insolvency, the real question looms: who will pay?
QUINNSCOMMENTARY 