There is no way the U.S. will ever pay back a $20 trillion federal debt. Maybe the government should sell some of it to our central bank.
"Surely this time," the Republican establishment chorus cries with joy, "Donald Trump has gone too far!" Don't bet on it.
The senator stood before a crowd of retirees, veterans and their supporters Thursday to point out that the president's proposal for a "Chained CPI" adjustment to the calculation of retirement benefits would wreak destruction on the lives of elderly and disabled Americans.
The new cost-of-living index proposed in Obama's latest budget is really a means to push lower living standards on people who need Social Security, University of Missouri economist Michael Hudson says.
The president is following through on his intention to abandon the welfare of elderly and disabled Americans in a budget deal that would cut $130 billion from programs like Social Security over the next 10 years, and that could starve the system in the long run.