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Treasury Secretary Jacob Lew says he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt. In a letter to congressional leaders, Lew
If there is anyone out there who doesn't know, this is an excellent visual. Now don't be mad at old people, just remember who did this.....He Promised: 1.) That participation in the Program would be Completely voluntary, 2.) That the participants
President Obama has proclaimed April as National Financial Capability Month. After all, who better than Obama who has added $6 trillion to the national debt so far to help every individual take ownership of his or her financial future"?
In fact, average Americans also have plenty of creative ways to increase revenue and/or reduce outlays to the Social Security Trust Fund, which come 2033 will be able to pay out about three-quarters of scheduled benefits through 2086. Case in point
The year 2013 has not brought a happy New Year for the salaries of workers across the United States. The two-year Social Security payroll tax reduction, which brought the employees' share of the tax down to 4.2 percent from 6.2 percent, is over.
I want to explain how things work, not what you should believe...As Social Security funding is once again in the news and there appears to be concern that it could, indeed, go bankrupt or in some way contribute to the budget deficit and debt, I'd
Suggested Topics Outlook Surveying the latest wreckage from the Chancellor, it is easy to think that Britain is the meanest of the countries in the free West. There's annoying interference in pensions here, ongoing pain for beer drinkers there, some
Candidates vying for the 9th Congressional District seat on Nov. 6 shared different views Tuesday on the future of Social Security and Medicare with a crowd of senior citizens at The Moorings of Arlington Heights retirement community. Incumbent Jan
China owns 8% of US debt "The U.S. debt was more than $14.3 trillion during the so-called debt crisis of 2011, when the level of borrowing reached its statutory limit and the president warned of a potential default if the cap wasn't raised. See also:
The government should do more than redo its math on Social Security and Social Security disability. They should stop giving to the many adult people who are on Social Security and have drug and alcohol addictions and have not paid into the system,