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.
Tag: Taxes
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.
No taxes for you or me, just someone else.
The logic of property taxes might seem odd, but it’s essential. Exempting them shifts the financial responsibility, much like how tax breaks for certain benefits also shifted burdens to others.
One person against our nation and you
America is under threat from a single individual who manipulates fears and prejudices to gain power and control. Despite making promises and dividing the nation, his supposed successes are mere smoke and mirrors. His actions undermine critical societal issues like healthcare and environmental initiatives, while he surrounds himself with gold embellishments and demands undeserved accolades.
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