2 results for tag: debt


We Need the ‘Penny Plan’

Our debt has exceeded $21.5 trillion and continues to climb. While most politicians in Washington are a-okay with spending our country into oblivion, Sen. Rand Paul continues to push the budget that we have preferred for years – the Penny Plan. Sen. Paul recently reintroduced the Penny Plan in the US Senate, and yet again the majority of the Senate voted it down. When will our lawmakers take our federal debt seriously? More on the Penny Plan: Sen. Paul's plan proposed cutting two pennies for every federal dollar spent over the next five years to balance the budget by assuming the repeal of the Bipartisan Budget Act of 2018. It would also make ...

If Social Security Becomes Insolvent, What Does That Mean for Medicare-for-All?

According to a new report, Social Security will be insolvent and unable to pay the full value of promised benefits to recipients by 2035 and it will exceed its income by 2020.  About 67 million people are currently recipients; however, if nothing changes, the program will have to impose cuts of 20 percent to all beneficiaries. For many who rely solely on Social Security, that’s significant. Even Medicare will be unable to cover the full cost of benefits for those who qualify. Meanwhile, 2020 contenders like Bernie Sanders are proposing Medicare-for-All to be the savior of healthcare.  What Bernie Sanders doesn’t understand is his pipe dream ...