Social Security
Candidates for U.S. President 2024: What Will You Do with Social Security’s Generational Conflict?
A direct question to any candidate for President is: “What will you do with Social Security?” We’d like a direct answer. Legislative proposals. Budget implications. The question we ask ourselves is: “Will Social Security be there for me?” The answer to that is more complex. The story isn’t solely that Social Security’s Trust Fund will…
Read MoreSocial Security’s Structure and Pending Trust Fund Depletion
Essential Things to Know About the Social Security Program 1) Its official name is the Federal Old-Age and Survivors Insurance and Federal Disability Insurance program. Drop the “Federal” and you can see where the acronym often used comes from: OASDI. It operates under Congressional legislation that dates back to 1935. OASI is the acronym for…
Read MorePresidencies and Social Security’s Future
Social Security delivers mixed punches to our recent Presidents. For those who want to be better informed on this essential government program, here’s a brief squint at the evolution of the program through recent administrations. I’d suggest pursuing your own research into the ground rules, recommendations/reports, and debates over proposals. Links are provided here as…
Read MoreSocial Security: Immigrants Needed for Future Benefit Payments
Immigrants have provided growing support for Social Security. They become part of the workforce that pays OASDI payroll taxes if they work in “covered” employment. It may be a very complex, heated, and even divisive issue. But let me make a very strong point that is obvious from the Trustees’ program data. Immigrants in the…
Read MoreSocial Security: “Raided?” Not Really. Technically “Reallocated.” The Bigger Picture…
You may have read articles that claim that Congress had “raided” the Social Security Trust Fund. “Raid” is an emotional word that may have been intended as rage bait — to make the reader think Congress had taken Social Security resources for non-OASDI uses. Congress did take action that affected Social Security twice. Congress reallocated…
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