Watchdog: Biden’s 2025 Budget Would Drive National Debt to $45 Trillion in 10 Years, 106 Percent of GDP

The Committee for a Responsible Federal Budget (CRFB) a budget watchdog group, found that President Joe Biden’s fiscal year 2025 budget would drive the national debt to $45.1 trillion or 106 percent of the U.S. Gross Domestic Product (GDP) by 2034, from $27.4 trillion or about 97 percent of GDP at the present time.

The organization noted that those calculations are based on the Biden administration’s own internal figures. The current $27.4 trillion debt figure is the debt held by the public, not the total national debt including intragovernmental holdings.

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Social Security Recipients to Get a 3.2 Percent Benefits Increase in 2024

The Social Security Administration announced Thursday that benefits will increase 3.2% in 2024 for the country’s over 70 million recipients. 

This will result in the average monthly check for a retired worker to rise to $1,907. That’s up $59 from $1,827 this year, according to Forbes.

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Commentary: Any Debt ‘Default’ Will Be Biden’s Choice

There’s enough revenue to pay interest on the debt even if the $31.4 trillion debt ceiling is reached.

Meaning, if the U.S. defaults on the debt on June 1, it will be because President Joe Biden chose not to make principal and interest payments on U.S. Treasuries out of existing revenue, for which there is more than ample revenues to service and refinance up to the current debt ceiling limit, $31.4 trillion.

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Commentary: Insane Deficit Spending Is Immoral

In Armageddon, Bruce Willis blows himself up on an asteroid to save his daughter and all of humanity. (Sorry for the spoiler, but the movie is 25 years old.) That theme—parents providing for, and sacrificing for, their children—is the deeply moral and moving story that Americans used to love. 

I say “used to,” because something troubling has happened. We now accept that young people should be worse off for a lifetime in order to benefit those who have already lived full, comfortable lives. We saw this during COVID-19, when an elderly leadership class locked children out of classrooms, playgrounds, friendships, and sports, and wiped out jobs, training, and mentorship for young workers.

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Great Lakes States’ Social Security Disability Backlog Increased Between Five and 130 Percent Since 2019, Report Finds

Nearly every U.S. state recognized increased backlogs for new Social Security disability benefit applications since 2019, And the Great Lakes states were no different. 

In fact, Wisconsin’s backlog more than doubled, ranking in fifth nationwide for increased backlogs.  From 2019 to 2023, Wisconsin’s backlog grew 130 percent, with an increase of 11,500 backlogged applications. It has the fifth highest backlog increase in the nation.

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Commentary: The Interest Alone on the National Debt Will Hit $1 Trillion in 2024 as Reserve Currency Status Is Questioned

Gross interest owed on the $31.4 trillion national debt — that is, interest owed on both the $24.9 trillion publicly traded debt and the $6.7 trillion debt in the Social Security, Medicare and other trust funds — will reach a gargantuan $1 trillion in 2024 for the first time in American history, according to the latest data gathered by the White House Office of Management and budget.

To put that into perspective, that is more than is spent on national defense related spending, currently $814 billion.

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‘That’s a Lie’: GOP Senator Presses Janet Yellen on Plan to Pay for Social Security

Republican Sen. Bill Cassidy of Louisiana accused the Biden administration of lying about its commitment to working with Congress to protect seniors’ social security benefits at a hearing of the Senate Finance Committee Thursday.

Cassidy asked Treasury Secretary Janet Yellen, who was testifying about President Joe Biden’s proposed budget for the fiscal year 2024, if the president was aware that “when [Social Security] goes broke in nine years” there would be a 24% cut in benefits for current recipients.

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Republicans Say Biden Lied About Their Position on Social Security, Medicare to Scare Seniors

Congresswoman Marjorie Taylor Greene wasn’t alone Tuesday night in openly arguing President Biden in his State of the Union address misstated House Republicans’ position on the future of Medicare and Social Security. “I think, because he lied, it was a frustration,” Kentucky GOP Rep. Thomas Massie told Just the News after Biden’s roughly 72-minute address.

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Commentary: Income Inequality in America Is an Engineered Myth

The federal government significantly and intentionally misreports income distribution, sparking bad policies and political divisions.

That’s the argument former senator Phil Gramm and two other economists, Robert Ekelund and John Early, lay out in their compelling and essential new book, “The Myth of American Inequality: How Government Biases Policy Debate.”

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Social Security Now Allowing People to Choose Their Own Gender

The Social Security Administration will allow people to self-select their sex on social security documents without providing legal or medical documents to verify their sex, according to a Wednesday announcement.

The agency will accept individuals’ self-identification regardless of whether it matches their other documents and will supply Social Security cards accordingly, the agency announced. The move comes amid a push from the Biden administration to facilitate gender transitions and help transgender people change their sex on government records more easily.

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Social Security Cost-of-Living Adjustment Gets Biggest Bump in Decades to Keep Up with Inflation

The Social Security Administration (SSA) announced the largest increase to the Social Security cost-of-living adjustment in over three decades due to high inflation.

The SSA announced that supplemental income benefits, which are paid to beneficiaries in addition to their regular benefits to offset inflation and other unexpected costs, would increase by 8.7%. This would, on average, increase benefits by $140 per month for most beneficiaries, beginning in January of 2023.

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Rising Inflation Could Mean Largest Social Security Increase Since 1983

Person counting cash

Rising inflation and the price increases that come with it may lead to the highest raise for senior citizens in decades.

The Senior Citizens League predicted Thursday that the annual cost-of-living adjustment for 2022 Social Security payments could be the highest since 1983. The prediction comes as federal data this week showed two major signs of inflation, continuing a trend that has worsened this year.

“The estimate is significant because the COLA is based on the average of the July, August and September CPI data,” said Mary Johnson, a Social Security policy analyst for The Senior Citizens League. “With one third of the data needed to calculate the COLA already in, it increasingly appears that the COLA for 2022 will be the highest paid since 1983 when it was 7.4%.”

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Some Latinos Worry Getting the COVID-19 Vaccine Will Affect Their Immigration Status, Poll Shows

Three people wearing masks, one focused on center

Some Latino adults are concerned to get a COVID-19 vaccine because they might have to provide identification or are worried it could affect their immigration status, according to a poll released Thursday.

Of the total number of unvaccinated Latino adults who were polled, 39% said they were concerned about potential requirements to provide a government-issued ID or Social Security number to be vaccinated, according to the Kaiser Family Foundation Vaccine Monitor poll. And 35% of respondents expressed concerns that receiving the vaccine could negatively impact their own or a relative’s immigration status.

“Among unvaccinated Hispanic adults, those who are potentially undocumented, those without health insurance, and those with lower household incomes are more likely to express potential access-related barriers or immigration-related concerns to vaccination,” according to the Kaiser Family Foundation.

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Trump To Seniors: I Will Protect, Defend, and Fight for You With Every Ounce of Energy I Have

President Donald Trump traveled to Fort Myers, Florida Friday to give a speech focusing on health care costs, Social Security and other issues that impact senior citizens. In his speech, the president sought to reassure elderly voters, who have borne the brunt of the coronavirus pandemic, that he cares about them, and is doing do everything he can to protect and defend them.

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Trump To Seniors: I Will Protect, Defend, and Fight for You With Every Ounce of Energy I Have

President Donald Trump traveled to Fort Myers, Florida Friday to give a speech focusing on health care costs, Social Security and other issues that impact senior citizens. In his speech, the president sought to reassure elderly voters, who have borne the brunt of the coronavirus pandemic, that he cares about them, and is doing do everything he can to protect and defend them.

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Reps Tom Emmer and Tim Walberg Secure Survivors Benefits for Homeschoolers After Social Security Originally Denied Them Because of Their School Choice

Congressman Tom Emmer (R-MN-06), alongside Congressman Tim Walberg (R-MI-07), secured survivors benefits for homeschooled children. Prior to this, Minnesota and Michigan blocked homeschoolers over 17 and 18 respectively from attaining benefits.
According to the Homeschool Legal Defense Association (HSLDA), both states were cutting off Social Security Administration (SSA) survivors benefits to homeschoolers due to “lack of proof” of their status as full-time students. In both states’ eyes, the students didn’t meet state compulsory education laws. 

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Commentary: Senators Grassley and Alexander Tackle Projected Union Pension Collapse

Our nation’s pension systems are in trouble.  Underfunded with outsized promises to beneficiaries who are living longer, the death rattles of the defined benefit pension system, which promises a fixed amount of money per month for retirees, are now audible.

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Trump Administration Will Restrict Green Cards For Foreign Nationals On Public Aid

by Will Racke   The Trump administration will move forward with regulatory changes that could make hundreds of thousands of foreign nationals living in the U.S. ineligible for green cards if they use any one of a wide range of public assistance programs, immigration officials announced Saturday. The draft regulation expands the…

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Commentary: Immigrants Won’t Pay for Our Pensions – We’ll Pay for Theirs

by Spencer P. Morrison   Ask any Democrat why they support open borders and invariably they will respond with one of two pre-packaged answers: because “diversity is our strength” or “we need immigrants to pay for our pensions.” The first argument is a sham: if liberals valued diversity they would…

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Commentary: The Ticking Fiscal Time Bomb Set in 1937 Could Tip America Into Despotism by 2030

US Flag

by Robert Osburn   Celebrated this past July 4, America’s founding story of freedom is truly remarkable: unity, courage, integrity, and national integration (incorporating people from around the world). In most other places, the freedom story is bloody, exclusive, and, ultimately, tyrannical. Take Nicaragua, for one example: In 1979, the Sandinistas…

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