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No Cause for Alarm from Social Security Trustees Report
The 2018 Social Security Trustees Report confirms that the program’s trust fund is still very much intact, with $2.89 trillion in assets – or $44 billion more than last year. The Trustees say the combined OASDI (Old-age, Survivor, and Disability Insurance) trust fund will remain fully solvent until 2034, after which it can pay 79% of benefits if there are no changes to the program.
“The Trustees have confirmed that Congress has ample time (16 years) to enact modest and manageable changes to Social Security to address the fiscal shortfall. Most Americans agree that raising the payroll wage cap is the easiest and most effective way to strengthen Social Security’s finances, negating the need for harmful benefit cuts like means testing or raising the retirement age,” said Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare.
Banking Industry Wins; Working and Retired Americans Lose
The majority in the House of Representatives just betrayed working Americans by passing reckless banking legislation known as the Economic Growth, Regulatory Relief, and Consumer Protection Act (S 2155). The only accurate part of the title is “regulatory relief,” in that it rolls back crucial regulations on the banking industry enacted after the 2008 financial crisis.
No, No One is Stealing from Social Security
Social Security Experts
Trump Administration Actions
Debunking Media Myths
Your Morning Read
What Did Congress Say?
Eleanor’s Hope – Women’s Issues
115th Congress
Tracking Congress
