Congressional Budget Experts Predict More Red Ink

The nonpartisan Congressional Budget Office has just published its 2013 Long-Term Budget Outlook, and this year’s set of predictions for the nation’s balance sheet is sure to push Washington’s heartburn rate up a few notches. Three quick takeaways from the CBO’s report: The percentage of federal debt held by the public is higher than at any point in modern U.S. history. Federal debt held by the public is likely to decline a little bit over the next few years, as …

Countdown to Care: Winners and Losers

In the mad rush to pass budgets for the fiscal year beginning July 1, the health care of hundreds of thousands of hard-working Americans is at stake – and time is running out.  As I write, only about half of the states have agreed to expand Medicaid, which will extend health coverage to residents who earn about $15,000 a year or less.  The closer we come to July 1, the greater the wins and harder the losses: Key Winners: 300,000 …

Taxes on Social Security, Prescription Drugs, Food?

Tax reform proposals are bubbling up in a number of states across the country as elected officials look for ways to stimulate the state’s economy or revamp outdated tax codes. Sometimes, however, a key element gets lost in the debate: what’s fair. Right now, in North Carolina, state leaders are working on a variety of proposals that would force North Carolinians to pay new taxes on the things they count on most, including the basics of everyday living. One Senate …

What Can We Do to Help Veterans?

As we head into the long Memorial Day weekend, we honor those who sacrificed their lives for our country. Let’s also remember the veterans who fought alongside those who made the ultimate sacrifice. They made sacrifices of their own while fighting for our country, to secure our safety. They left their families, often for long periods of time. Many were injured and continue to have health care needs. Today, let’s think about helping those veterans – and their families – …

5 Reasons to Care About Medicaid Expansion

Nine states have passed Medicaid expansion this year, with another 15 on the brink of extending health coverage to more hard-working citizens. Why is Medicaid expansion, which would extend Medicaid health coverage to people who earn about $15,000 a year (138% of the federal poverty level), so important? Here are the top 5 reasons: 1. 50- to 64-year olds: Medicaid expansion will provide health care coverage to tens of thousands of hard-working Americans between the ages of 50 to 64. Many …

The #1 Topic to Talk About After 50 (Even If They Say We Shouldn’t!)

Okay, I know that money is one of those topics we’re not supposed to discuss at cocktail parties (along with religion and politics and so on and so forth) … but … we’re not at a cocktail party. We’re in real life. Midlife, in fact. And we need money. If you don’t have a plan… it’s time to think about creating one.  We don’t want to be in our 50s, 60s and beyond without enough money to take care of ourselves. Where to start? First, understand …