Is a guaranteed paycheck from the government, with no strings attached, the answer to the relentless rise of automation? The concept might sound far-fetched, but a so-called universal basic income (UBI), is currently one of the most hotly debated policy topics being floated as a means to address income inequality and the disruption that technology […]
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Despite Trump Boasts, Job Numbers Identical To Obama
President Donald Trump on Friday flipped his approach to the government’s employment report, celebrating the kind of strong showing he dismissed as phony under President Barack Obama. The Labor Department reported that the economy created 235,000 jobs in February, above the 190,000 consensus, allowing the president to claim that business enthusiasm over his approach to […]
Trump Delays New Travel Ban
President Donald Trump was barely in office when he signed an executive order restricting immigration from seven Muslim-majority nations. There was not a moment to waste, he said, because any delay would allow the “bad dudes” to rush into the U.S. Then federal courts struck down his ban. The White House said a new version […]
Obamacare Is Going To Be Around Longer Than Antincipated
And you thought Obamacare was going to be dead by next year. Two new actions by the Trump administration suggest that the Affordable Care Act may be around for at least a little while more — if not longer. Both moves underscore the difficulty Republicans face in undoing that health-care reform law, as well as […]
Ethics Office Wants White House To Punish Conway
An independent government ethics office has urged the White House to probe and potentially discipline President Donald Trump’s advisor Kellyanne Conway for comments she made supporting Ivanka Trump’s clothing line. In a letter released Tuesday, Office of Government Ethics Director Walter Shaub told deputy White House counsel Stefan Passantino that Conway appeared to breach a […]
2 Easy Fixes For A Common Social Security Problem
Feel like you need to take a mulligan on your Social Security strategy? More than one-third of retirees decide to claim their benefits as soon as they can, at age 62. Retirees may have good reason to be worried. The program’s trust fund is projected to run out of money in 2030, meaning there won’t […]
Social Security Could Be Short 11 Trillion Dollars
President-elect Donald Trump has said he will preserve Social Security, though if he and Congress do nothing to fix the funding, the financial reckoning will be huge — as much as $11.4 trillion down the road. The last time Congress changed Social Security in a significant way with a series of benefit cuts and payroll […]