The Social Security trust fund is expected to run out of money by the mid 2030s. Without changes to it, benefits would be cut and the payout would only be about 75% of promised benefits.
We have now had a series of Republican and Democrat debates. One topic that seems to have been overlooked is the federal deficit and resulting debt. Rather, we have seen a variety of new program proposals from the candidates that will have a dramatic effect on both. Why has the topic been ignored?
Congress passed a budget deal last week to avoid a possible government shutdown over the debt ceiling and next year’s budget. Some critics say the only thing worse than passing this budget is not passing it. Does this deal merely defer serious issues until the next administration takes office? Does the deal clear the slate for Congress to now concentrate on other important issues such as tax reform and an infrastructure bill? Is this bill the “Right Thing to do?”
“Is There Accountability in the Federal Government?” Last year we heard about the issues in the VA health care system and the tragedy in Benghazi. Earlier this year it was the use of a private server by the Secretary of State, in violation of policy, and the hack of the IRS exposing the returns of 100,000 Americans. But that was just the tip of the iceberg. In just the past few weeks, we have heard about the failures of the TSA in screening passengers and their hiring practices, overpayments by the Social Security Administration and the hackers who made off with the personnel files of 2.1 million federal employees. Has the federal government held anyone accountable for these failures? Would the people responsible still be working for their employers if the failures occurred in the private sector? Can anything be done to improve the operations of the federal government? Is it time to hold people accountable for their incompetence? What is the “Right Thing to do?”
The Republican controlled Congress has a long list of issues to deal with. The major issues include the funding for the Highway Trust Fund which will run out of money in May, the budget bill for the Department of Homeland Security due by the end of March, next year’s budget, trade authorization, energy regulations, possible tax reform, infrastructure funding, maybe even immigration and reform of Obama Care. But there is one more issue that they will have to deal with sometime in 2016, if not before–Social Security Disability Insurance funding.
After Three Tries, A Victory – Jack Eaton, Ann Arbor City Council Ward 4 Democratic Primary Winner – Winning nearly 65% of the votes in the Ward 4 Democratic Primary, Jack Eaton now advances to the November Election where he does not face any opposition.
Immigration reform is a complicated and multi-faceted issue. Let’s look at one cost issue that some consider as an important issue that has gotten minimal coverage. What is the cost and benefit from the standpoint of social security? Here are some points to consider…
Last month the unemployment rate dropped from 7.7% to 7.6%–supposedly good news, but the reason it dropped was because almost one-half a million people dropped out of the work force. The share of the population that’s either working or looking for work is known as the participation rate. That rate has fallen to 63.3% in March, the lowest level since 1979.
The Lucy Ann Lance Show
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