July 24, 2017
by Ali Meyer • Washington Free Beacon
The Old-Age and Survivors Insurance and Disability Insurance Trust Funds will be depleted in the next 17 years, according to the Social Security Administration’s trustees report.
By 2034 the combined asset reserves of both funds are expected to be insolvent. Alone, the Disability Insurance Trust Fund will be insolvent by 2028.
According to the report, the trust funds have a total asset reserves of $2.85 trillion. Even though the trust fund reserves are growing, the cost of the program will outweigh the revenue by 2022.
“It is time for the public to engage in the important national conversation about how to keep Social Security strong,” said Nancy A. Berryhill, acting commissioner of Social Security. “People understand the value of their earned Social Security benefits and the importance of keeping the program secure for the future.” Continue reading →
September 11, 2016
by Elizabeth Harrington • Washington Free Beacon
The Social Security Administration has paid dead federal workers $1.7 million in recent years, with the deceased receiving benefits an average of seven years after their death, according to an agency watchdog.
An audit released by the agency’s inspector general Monday revealed that the Social Security Administration had not crosschecked beneficiaries’ deaths with the Office of Personnel Management, which manages federal employees.
Missing just 35 deaths cost taxpayers $1.7 million. Continue reading →
September 22, 2011
But no, after putting forth a $447 billion so-called jobs plan (which was really just a jobs plan for public employees and construction workers), he has now doubled down on tax hikes as his way of not only paying for that plan, but tackling the deficit it would increase. Continue reading →
January 26, 2011
In his Jan. 24, 2011 column E.J. Dionne asks if Pres. Obama should retreat or spend the next two years consolidating the gains Obama has made. My question is what gains has Obama made? Passing a bill that a majority of our country doesn’t want, that was passed before it was written, and one that barely got bi-partisan support is not much of gain. Or is Dionne talking about the gains Obama made in getting Democrats elected to Congress and the state legislatures? The idea that Obama has any gains to consolidate is wishful thinking at best and delusional at worst. Continue reading →