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Former President Barack Obama has left office having added $9.3 trillion to the national debt, the Washington Free Beacon reported. When Obama took office on Jan. 20, 2009, the outstanding public debt totaled $10.626 trillion.
Popular vote loser Donald Trump swore in the campaign that he wouldn't cut critical social insurance programs-Medicare, Social Security, and Medicaid. But Trump says a lot of things, not a lot of which can be believed.
Ninety-four percent of us pay into Social Security from every paycheck we receive. A few of us stop paying into Social Security in the first few working hours of the year.
Most of the time the discussion on taxes is about rates or how much we should or should not tax. But I believe the discussion should be about what we tax instead of how much.
The full scope of Hillary Clinton's loss and Donald Trump's victory will become apparent this week as the newly elected Congress convenes. We all know the Republicans swept the elections, winning the White House and retaining control of both houses of Congress.
Members of the 115th Congress will be sworn in at noon Tuesday, setting off an aggressive campaign by Republicans who control the House and Senate to dismantle eight years of President Barack Obama's Democratic policies. One of the biggest and most immediate targets is Obama's Affordable Care Act, which many Republicans have long sought to gut and has been blamed as a primary cause for a lackluster economic recovery.
Just how important is Social Security? According to the Social Security Administration , better than 6 in 10 seniors are currently reliant on their benefits to make up at least half of their monthly income. A recent poll from Gallup also found that more than 8 in 10 pre-retirees will rely, to some degree, on Social Security income during retirement.
Though 2016 has been, for many, one of the most harrowing and depressing years in recent memory - with the deaths of many beloved entertainers and artists, the rise of far-right populism throughout the Western world, and the ongoing geopolitical crises in the Middle East, to name just a few reasons - there is little reason to celebrate the year's end this weekend, or to be hopeful for 2017.
House Speaker Paul Ryan and other Republican leaders have big plans to save Medicare that would involve a major overhaul to the program, including privatization. Even though most Republicans are on board, Ryan and others in favor of his plans are likely to face significant opposition to such a sweeping overhaul.
President-elect Donald Trump has nominated conservative Republican Congressman Mick Mulvaney to be his budget director. Mulvaney has made it very clear he thinks America's $19 trillion debt is too high and needs to come down.
Last week, Florida Senator Marco Rubio introduced legislation aimed at raising after-tax pay for low-wage workers in Puerto Rico, while reducing employer costs. Here's how.
Americans rely on Social Security for their financial security in retirement, and after a year of many changes to Social Security in 2015 , 2016 saw some of those changes reach final implementation, while some newer ones came to the forefront. This year has also set the stage for what is likely to become a more contentious debate in the years to come.
Las Crucens weigh in on America's future under Trump administration LAS CRUCES - About twenty people gathered Wednesday in Las Cruces to share views on Donald Trump's impending presidency. Check out this story on lcsun-news.com: http://lcsun.co/2hPOUeu Randy Harris writes down the concerns of a group gathered at Peace Lutheran Church, part of the "Great Conversations" series of group discussions, Wednesday December 14, 2016.
A senior Republican lawmaker wants to overhaul Social Security, the decades-old program that provides benefits to some 60 million retirees and disabled, with a plan to gradually increase the retirement age and slow the growth of benefits for higher-income workers. Rep. Sam Johnson, of Texas, the chairman of the House Ways and Means subcommittee on Social Security, introduced legislation just before the end of the congressional session last week that he said would "permanently save" the program while increasing some benefits for lower-income workers.
A Florida agency paid an estimated $26.2 million in Medicaid benefits over a five-year period to dead people, a government watchdog reported Tuesday. The Florida Statewide Medicaid Managed Care Program continued paying people after they died because the agency didn't update beneficiaries' death dates or collaborate with other agencies that track deaths, the U.S. Department of Health and Human Resources Inspector General found.
A key Republican lawmaker wants to overhaul Social Security, the decades-old program that provides benefits to some 60 million retirees and disabled, with a plan to gradually increase the retirement age and slow the growth of benefits for higher-income workers. Rep. Sam Johnson of Texas, the chairman of the House Ways and Means subcommittee on Social Security, introduced legislation just before the end of the congressional session last week that he said would "permanently save" the program.