Tag: Entitlements and Welfare
Coronavirus Is Quickly Draining Social Security
| Wednesday June 3, 2020 at 1:15 PM PDT
The 2020 Social Security Trustees’ Report is out, and it is not good news. According to Social Security’s trustees, the Old Age and Survivors’ Insurance Trust Fund will run out of money in 14 years, meaning that beginning in 2035, all of Social Security’s beneficiaries will have their monthly income checks slashed by 21...
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Do Public Pension Shortfalls Mean You’ll Face a Tax Hike?
| Monday December 30, 2019 at 1:20 PM PST
Public-employee pension plans across the United States are trillions of dollars short of what they need to pay out the generous retirement benefits politicians have promised state and local government employees.
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