Tag: Social Security

I have been seeing a good many crazy eyed frothing at the mouth type people spouting true and false things about the 24 million who would lose coverage under Trump Care. Most of them only get their news from propaganda sites and channels. The problem with skimming propaganda sites for snippets which feed the crazed eyed frothing of the mouth is that those sites don’t do any real analysis either, such as critically reading the report. In searching for the sensational they miss the truly important such as this item on page 33. Consists mainly of the effects of changes in taxable compensation on revenues. CBO also estimates that outlays for Social Security benefits would decrease by about $3 billion over the 2017-2026 period. Social Security benefits decrease when more…

Politics Thank You Sir May I Have Another

I really like the variations of a quote I’ve been hearing. “The Myan’s were right. 2012 was the end of the world for the GOP.” Time and time again Boehner slithers up to the capital demanding horrific cuts to entitlements along with tax cuts for the very people who got us into this mess without going to prison. Never actually identifying all of the _specific_ cuts, just the general knowledge they are cuts which will screw anyone who isn’t an angry white millionaire.  Here is an entitlement cut they will never propose, but one which very well could save Social Security all by itself. If your AGI (Adjusted Gross Income) before taxes without Social Security payments is above $140,000, you don’t get Social Security. If you got it that year,…

Investing Thank You Sir May I Have Another