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Crisis Comes Closer: Social Security's Projected Insolvency Moved A Year Earlier
Crisis Comes Closer: Social Security's Projected Insolvency Moved A Year Earlier
Continuing a trend of increasingly dismal projections, Social Security's trustees have revised their prediction of when the massive benefit program's trust fund will run out of money, moving it to the fourth quarter of 2032, sooner than last year's projection that the money will run out in 2033. They attributed most of the the change to declining fertility rates and immigration, along with tax reductions included in Trump's 2025 One Big Beautiful Bill Act (OBBBA).
When the trust fund runs...
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Jun 5, 2026 / Tyler Durden
Britain's Borrowing Outlook Darkens As Energy Shock Deepens
Britain's Borrowing Outlook Darkens As Energy Shock Deepens
Via City AM,
The OBR says it underestimated the fiscal damage from the 2022 energy shock and will apply those lessons to the latest Middle East-driven price surge.
Higher oil and gas prices could increase UK borrowing through debt interest, welfare payments, and pressure on departmental budgets.
The Bank of England has warned that a severe energy shock could push inflation above 6% and force tighter monetary policy.
Chancellor Rachel Reeves has been warned that government borrowing is set to spike as a result of the Iran...
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Jun 23, 2026 / Jason Ditz
Israeli Troops Shoot and Kill Two Lebanese Civilians as Death Toll Continues to Rise
A period of relative calm on Monday gave way to Israeli troops in Nabatieh al-Fawqa opening fire on a group of workers with a bulldozer who were reportedly clearing the roadways in the area, killing two and wounding two others. The IDF declared them “terrorists.” The newest report from the Lebanese Health Ministry reported 17 […]
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May 18, 2026 / Kyle Anzalone
Trump Says He Canceled Attack on Iran After Requests From Gulf Allies
President Donald Trump wrote on Truth Social that he had planned to restart the war against Iran on Tuesday, but called off the strikes after requests from Washington’s Gulf Arab allies. “I have been asked by the Emir of Qatar, Tamim bin Hamad Al Thani, the Crown Prince of Saudi Arabia, Mohammed bin Salman Al […]
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