Four days after my article on spiraling government and household debt appeared here, the lead story in the New York Times business section — “Living on a Borrowed Dime” — gave examples of Americans struggling with credit card debt, as well as banks earning soaring profits from their credit card businesses. It also reported that Read More
An e-mail from Mother Jones this week carried a “sponsored message from the Progressive Turnout Project.”The message urged me to REPLY IMMEDIATELY to a “JUST IN” report: “Trump’s Budget SLASHES Social Security.”I know nothing of the Progressive Turnout Project, although following a link at the end of its message suggests that its business may be Read More
US debt is out of control. Government debt is more than the total GDP, and individual Americans are burdened by mortgage, student loan, and credit card debt, while seeing little improvement in their wages. Can the course be corrected?
For 80 years Social Security has been keeping its promises to the American people. It has accomplished this goal in no small part by maintaining its independence from the federal budget. Could that now be in jeopardy?
As President Franklin D. Roosevelt said, “We put those payroll contributions there to give the contributors a legal, moral, and political right to collect their pensions… With those taxes in there, no damn politician can ever scrap my Social Security program.” But what about the Federal budget?