A large part of Social Security that provides federal assistance to disabled people will be insolvent in two years. The government’s solution? Move money from one bankrupt pot to another.
On Monday, the annual trustees reports for Social Security and Medicare were released. The reports are intended to provide an update on the current state of the Social Security trust fund and the Medicare hospital-insurance program.
The Latest Government IT Failure Results in $288 Million of Wasteful Spending By the Social Security Administration
The Social Security Administration wasted $288 million in a failed attempt to make its disability claims process more efficient.
This week, the House was set to vote on the Ryan budget proposal released last week. However, last night the most influential conservatives in the House proposed an alternative plan that aims to balance the budget in just four years instead of 10.
As a recent CBS News poll found, age is one of the primary determinants of how a person feels about Social Security and Medicare.
According to several news sources, Defense Secretary Chuck Hagel’s fiscal year 2015 budget for the Pentagon will outline several significant spending cuts and reforms.
As we reported earlier this week, President Barack Obama signed a bill over the weekend that suspended the debt ceiling until March 2015 with no spending cuts or reforms included.
Waste and abuse in discretionary federal spending don’t hold a candle to our real spending crisis: the silent and steady growth of “direct” spending items. The Truth in Spending Act is trying to create the tools to start fixing the problem.
Ignoring the key drivers of our debt won’t make it go away, especially not anytime soon. We still have a long way to go to secure our nation’s fiscal future.
Sen. Tom Coburn (R-Okla.) released his annual Wastebook this week. This year’s report outlined $30 billion in questionable spending programs.