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Tag: Social Security

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Deficits, Debt, and the Taxpayer Base – by Dr. Cecil Bohanon and Dr. John Horowitz
- Tax
May 1, 2025 by christianhartselle
Recently, Congress passed, and the President signed the Inflation Reduction Act, a tweak to the Federal government’s taxing and spending policy. The Inflation Reduction Act is a significantly scaled-back version of a more ambitious Build Back Better fiscal plan. The bill that passed is estimated to reduce the Federal government deficit over the next ten […]

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A Trust Fund in Trouble – by Dr. Cecil Bohanon and Dr. John Horowitz
- Government
April 30, 2025 by christianhartselle
Recent news reports indicate the Social Security Trust Fund will run out of money in 2035. What should be done? First some background. Social Security currently spends $1.145 trillion per year, making it the largest government expenditure program in the United States and probably the largest expenditure program in the world. Social Security supports about […]

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Fewer children partly attributed to pensions – by Dr. Cecil Bohanon and Dr. John Horowitz
- Population
April 30, 2025 by christianhartselle
The United Nations expects the world population to reach 8 billion on November 15, 2022. The population increased because rising wealth, better living conditions, and improved health care reduced child mortality and increased life spans. In the 1960s and 70s, many experts were worried about a population explosion that would generate war, famine, and pestilence, […]

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