Social Security
  • A homeless woman sits on a bench few blocks away from the White House in downtown Washington

    Chart of the Day: Record Low Poverty Rate

    By Michael Rainey

    The extensive array of government assistance programs — including Social Security, unemployment insurance, veterans’ benefits, nutritional aid, rental assistance and the Earned Income Tax Credit —...

  • Social Security and Medicare taxes

    Democrat's New Taxes Wouldn't Hit Just Billionaires

    By Michael Rainey

    Some Democratic tax proposals are focused on making millionaires and billionaires pay more, but other households would be affected as well. Neil Irwin of The New York Times points out Tuesday that...

  • Former Republican presidential candidate Mitt Romney gestures as he speaks at the Republican National Committee Winter Meeting in San Diego, California January 16, 2015.  REUTERS/Mike Blake

    How Mitt Romney Wants to Save Social Security and Other Trust Funds

    By Michael Rainey

    A bipartisan group of lawmakers led by Utah Republican Sen. Mitt Romney introduced legislation Tuesday that would create new congressional committees focused on the fiscal health of federal trust...

  • Number of the Day: $23 a Month

    By Michael Rainey

    The Social Security Administration on Thursday said the cost-of-living adjustment for 2020 would be 1.6%. That translates to a bump of about $23 on the average monthly benefit of $1,460. The 2020...

  • The Case for Giving Social Security to Children

    By Michael Rainey

    US social welfare programs reduced poverty by about two-thirds overall in 2018, according to an analysis of Census data by Matt Bruenig of the left-leaning People’s Policy Project. Bruenig offers a...

  • <strong>I will spend less money once I'm retired.</strong><br/><br/>Many retirees find they end up spending more money in the first years after they leave their jobs, because they finally have the time to start raising orchids or take that trip to Europe.

    How Old Is Old?

    By Michael Rainey

    The average age of the U.S. population is rising as the baby boomers sail into their golden years, but a statistically older population may not be as problematic as some experts think. According to a...

  • Boats are seen anchored at the 17th century Nyhavn district, home to many shops and restaurants in Copenhagen

    Chart of the Day: High Tax, High Service

    By Michael Rainey

    Can the U.S. afford to dramatically increase public spending on a whole host of new programs, potentially including Medicare for All, expanded Social Security and a massive Green New Deal? That...

  • House Democrats Introduce Bill to Expand Social Security

    By Michael Rainey

    Backed by more than 200 House Democrats, Reps. John Larson (D-CT), Conor Lamb (D-PA) and Jahana Hayes (D-CT) introduced a bill Wednesday that would increase Social Security benefits. The bill would...

  • ‘Greatest Threat’ to the US? Two Top Democratic Economists Aren’t So Worried About the Debt

    By Michael Rainey

    Starbucks founder Howard Schultz told “60 Minutes” Sunday that he is considering a run for president in 2020, possibly as a “centrist independent,” and one of his top issues is the growing national...

  • District of Columbia

    CBO Offers 121 Ways to Shrink the Deficit

    By The Fiscal Times Staff

    The Congressional Budget Office has released a 326-page guide that describes dozens of ways the federal government could reduce its large and growing budget deficit. The 121 policy options included...

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