by Daniel White | Nov 9, 2020 | Economy
November 9, 2020 There are important updates to Social Security and Medicare on the way – some good, some bad. Here’s a quick breakdown of what’s changing. In welcome news, Social Security checks will rise 1.3 percent in 2021. The cost of living adjustment (COLA) will...
by Daniel White | Sep 9, 2020 | Economy
September 9, 2019 President Trump and the Democrats reached a budget deal, avoiding yet another round of debt ceiling drama. The last few years we’ve seen politicians go back-and-forth on the budget, only to “resolve” the situation by shutting down the...
by Daniel White | Aug 10, 2020 | Economy
As I’ve said before, predictions of a strong economic rebound are far too optimistic. In May we received a jobs report showing a whopping 2.5 million new jobs created and an unemployment rate that dipped to 13.3 percent. This set off a wave of optimism pointing...
by Daniel White | Aug 3, 2020 | Economy
Back in April, in a rush to get COVID-19 stimulus out the door, the IRS sent out 1.1 million checks totaling $1.4 billion. The issue? Every dollar went to a dead person. Even better, once word got out, it took six weeks to put a stop to the madness. The mistake...
by Daniel White | Jul 27, 2020 | Economy
We will not experience a “v-shaped” economic recovery, as many people hope and expect. The government can distribute and print all the money it wants, but it can’t make people spend. This is the problem with the stimulus efforts. Are people eating out? Well, in places...
