Future of Social Security Threatened as Cost of Living Rises

“Social Security is politically untouchable, and both Republicans and Democrats know that a reduction in benefits is practically a non-starter. Unfortunately, as it stands now, America is trending towards a massive fiscal gap: the money it plans to spend grossly outweighs the money it is projected to take in in revenue. This gap is equal to 10 years’ worth of U.S. GDP. In an article from The Hill, John Goodman states it plainly: ‘This is fiscal child abuse, pure and simple.’”

NationalEvan TarrOctober 20, 2021Social Security, Inflation, Government SpendingComment

Government Shutdown Avoided… But Another Fiscal Crisis Looms

“Breaching the debt ceiling will result in the U.S. government defaulting on debt payments. Treasury Secretary Janet Yellen stated that the government would run out of funds on October 18th. An economic crisis would certainly be born if the U.S. failed to meet its debt obligations for the first time in history. As it stands now, it is unknown if the ceiling will be raised or not.”

NationalTanner BaileyOctober 12, 2021Government Spending, Government Shutdown, Federal Spending, Washington DCComment