Free Republic

While Social Security is set to increase by 3.2 percent in 2024, many seniors are worried about how the limited inflation adjustment will keep them afloat. In a new report from Atticus, a majority of seniors voiced dissatisfaction with the cost-of-living adjustment (COLA) for 2024. In total, 62 percent of the 400 Americans over the age of 62 in the survey said they were unhappy with the payment bump. "About that 3.2 percent COLA increase for 2024, well, it sounds good on paper, but, honestly, it's not quite cutting it for seniors," Christopher Hensley, financial adviser and the president of...

Milton Friedman once observed, “If the government ran the Sahara, in five years there would be a shortage of sand.” He was right. The government has run Social Security for more than 80 years, and now there is a shortage of security. At this point, the experts believe that someone who is 79 years old today is likely to outlive the system’s ability to pay scheduled benefits. The solution, according to the White House fact sheet on the 2024 Budget Proposal, is: do nothing, and the Republicans cheered. That leaves a rapidly growing problem to third parties.Social Security presents a...

Actor and former California governor Arnold Schwarzenegger strode onto the international political stage Thursday in the self-cast role of global peacemaker, telling told Russia’s President Vladimir Putin to back off and abandon his war in Ukraine. “Ukraine did not start this war,” the Terminator star said in a direct message to the people of Russia and its leader.

The World Cup Final will be held Sunday in Berlin at 2 p.m. ET (ABC). Germany will face Portugal to play for third place on Saturday in Stuttgart at 3 p.m. ET (ESPN).

DFU: Another Five Dead - Stop the Dying and End it Now FReepers, you probably thought you would never hear me say it or put it in print. But enough is enough. Too many have died. And for what? We have had enough dead fathers and brothers and sons and grandsons. We have lost some of our best Americans. There have been too many funerals and too many serious injuries. How did we get to this place in our history? Is the President to blame? Yes, I know that some of you say they went voluntarily. That's nice, but it...

The developed world is on the brink of the greatest demographic change in its history, and America's standard of living will decrease by almost one-third by the middle of this century, according to a new study released by the National Center for Policy Analysis (NCPA). The report adds that over the next 30 years, the number of elderly in the United States, the European Union and Japan will more than double, while the number of workers available to pay the elderly their government-promised benefits will rise by less than 10%. That will require large tax increases – the payroll tax...

For education and discussion only. Not for commercial use. Washington, October 16 -- The United States will lose more than 400,000 jobs this year to India, Mexico, China, and other Asian nations as multinational corporations restructure operations and shift production overseas, according to a study. The number of jobs lost will be around double those three years ago, according to the study by Cornell University and the University of Massachusetts for the US-China Economic and Security Review Commission. The study came amid heated debate ahead of the November 2 presidential elections on outsourcing of jobs to India, China and other...