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Rollo

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Member since: Sun Dec 25, 2016, 04:42 AM
Number of posts: 2,465

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Line of Separation...

On PBS, this is a German produced miniseries now showing on PBS that focuses on the turmoil of a small town in Germany at the end of WWII and the following years. It is right on the new border between east and west, and gets split in two. Originally titled "Tannbach", the fictional name of the town. It's a very interesting look at a situation most Americans have never experienced. Recommended.

Conservative Right Wing Nut Job discussion site needs left wing views expressed...

They have a real problem with facts and truth...

See it here: libertynewsforum.com

Consider it a public service.

New leak claims Trump scrapped Iran nuclear deal 'to spite Obama'

Source: BBC News web site

Donald Trump abandoned the Iran nuclear deal to spite Barack Obama, according to a leaked memo written by the UK's former ambassador to the US.

Sir Kim Darroch described the move as an act of "diplomatic vandalism", according to the Mail on Sunday.

...

The paper reports that Sir Kim wrote a memo to Mr Johnson, saying: "The outcome illustrated the paradox of this White House: you got exceptional access, seeing everyone short of the president; but on the substance, the administration is set upon an act of diplomatic vandalism, seemingly for ideological and personality reasons - it was Obama's deal.

"Moreover, they can't articulate any 'day-after' strategy; and contacts with State Department this morning suggest no sort of plan for reaching out to partners and allies, whether in Europe or the region."



Read more: https://www.bbc.com/news/uk-48978484



Is anyone surprised Trump could act so petty?

Should taxation of Social Security benefits be indexed for inflation?

Around 1986, during the Reagan administration, Social Security benefits were taxed at the federal level for the first time. The taxation started when 1/2 of the SS benefits plus all other income exceeded a certain level. The extent to which the total exceeded a predefined threshold would then be subject to tax.

The problem today is that these thresholds have not been increased to take into account cost of living inflation. For example, you take 1/2 of your SS benefits, plus all other income, and if that exceeds $25,000 per year (for single filers), then up to 50% of your SS benefits are subject to federal income tax. That formula has not changed since 1986! (in 1993, a higher threshold, $34,000, was added, at which point up to 85% of SS benefits could be taxed.

What this boils down to is ever increasing taxation of Social Security benefits for many recipients.

Using a simple cost of living calculator, the cost of living in America has gone up about 230% since 1986. This means that if the first threshold for SS benefit taxation had been indexed for inflation, the current first threshold should be about $57,536 instead of $25,000. The second threshold of $34,000 should be raised to about $78,250 today.

These are not trivial amounts, folks. These are substantial hits on retired senior income.

My question for the DU community: what can we do to get Congress to bring the SS benefit taxation thresholds back in line with actual cost of living increases over the years?

1958 TV Western episode features a traveling con-artist named Trump...

... who tries to bilk an entire town, threatening them with total destruction if they don't buy his equivalent of a protective wall...

I kid you not!!!

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