Here we go again. The US exceeded the current debt ceiling of $31.4 trillion back in January. Since then, the Treasury has been paying the nation’s bills by using so-called “extraordinary measures,” taking money from other sources to meet the country’s obligations. However, those extraordinary measures are expected to be exhausted around June 1 –… Continue Reading
Category Archives: Political & Geopolitical
Biden’s Latest Budget Is Bad News For Most All Americans
On March 9, the Biden administration released its $6.9 trillion fiscal year 2024 budget request. At $6.9 trillion, it is the largest budget request in US history. That’s not surprising, though, as the budget goes up almost every year. President Biden touted his latest budget saying it would be good news for most Americans. But the… Continue Reading
Retirement Age May Increase To 70 – Implications
Congress has approved several new laws impacting employer-sponsored 401(k) plans but still hasn’t addressed Social Security, which the government says will run out of money by 2033 if nothing is done. People are living longer and drawing benefits longer than anticipated when the law was enacted in 1935 when the average US lifespan was 61 for men and 65… Continue Reading
Most American Cities In Decline – This Should Not Be News
It seems in recent months the mainstream media is finally waking up to the fact that many of America’s large cities are in decline and have been trending that way for years. Crime is up significantly in most cities, and voters are revolting over the lack of public order in their streets. Left-leaning politicians are… Continue Reading
Biden Wants Tax Hike On High Earners To Keep Medicare Solvent
President Biden is proposing to extend the solvency of the Medicare national healthcare program by 25 years with an increased tax rate on high income earners. Medicare, of course, is the federal health program which cares for Americans 65 and older. Over 18% of Americans are covered by Medicare. The Medicare trust fund is set… Continue Reading