@BaldwinWallace Sport Biz Prof Alum: 'Cuse, The U, & UMN Work: Bills, The U, 'Phins, Bucs, Twins, IMG Acad., & Guardians Fan: Bills, Mets, Sabres, & Cavs
In one night, Braden Montgomery made his MLB debut and collected his:
- first hit
- first RBI
- first home run
- first walk-off
- first walk-off home run
Social Security does not add to the national debt. It is even prohibited by law from borrowing money.
Politicians who talk about cutting or changing Social Security to address the debt are lying to you.
Here is how Social Security funding works:
Social Security is funded by payroll taxes. When more money comes in from payroll taxes than benefits that need to be paid out, Social Security is obligated to invest the surplus in Treasuries.
Treasuries are bonds. Governments and corporations issue bonds to generate money. A bond is a loan from the purchaser to the issuer.
A bond has a principal, a maturity date, and an interest rate. The principal is the value of the bond. When you buy a bond, you pay the principal. When the bond reaches its maturity date, the issuer is required to pay the principal back to the holder. The interest rate is the amount the issuer pays to the bondholder.
It is similar to how, when you take out a 30-year mortgage, you agree to a repayment schedule and to pay interest until the loan is repaid.
As Treasuries mature, if Social Security doesn't need that extra money, it rolls them over by buying new Treasuries.
When Social Security needs more money to cover benefits, it cashes out Treasuries.
The federal government has had a deficit for the past 25 years. This means that when it has to meet its obligations, it needs to borrow money.
This is how people claim that Social Security adds to the debt. That is ridiculous.
Companies and countries buy US Treasuries. You and I can buy them. Anyone holding a Treasury when it matures isn't increasing the debt. The government’s unbalanced budget is causing the debt.
Cutting Social Security will do nothing to get the US out of debt, but it would create hardship for millions of Americans.
Social Security currently has a shortfall, primarily because people are living longer and the large Boomer generation is retiring. In 1960, there were 5.1 people paying into Social Security. Today, there are only 2.7. The trust fund from past surpluses is keeping it afloat, but it is running out.
The easiest way to address the shortfall is to remove the tax cap on Social Security. Benefits do not have to be increased to do this. This is exactly what was done for Medicare in 1993. The tax cap was removed, and benefits weren't increased to better fund the program.
Don't step on the foul line. Don't ever talk about a no-hitter. Eat chicken every day. Break up a slump with a golden thong. Wear a rally cap. Brush your teeth between innings.
Sports is full of superstitions -- and none more so than baseball. So we talked with the king of 'em.
If you think California is taking a while to count votes, wait until you hear how long the Trump Administration is taking to release the Epstein files…
Rep. Rob Wittman (R-VA) faked a phone call for roughly 90 seconds after being asked about Speaker Mike Johnson’s comments regarding potential Social Security cuts.
The phone's screen remained visible, with his cheek inadvertently tapping different parts of the display.
The man running the agency responsible for 340 million Americans' health arrives at 10am, leaves by 4pm, skips his own division chief meetings, and when he does show up - scrolls his phone and gets described by colleagues as "checked out."
Ebola is spreading. Six Americans already exposed. He has not briefed himself with CDC scientists. His response to a reporter asking if he was worried: "Yeah, we're working on it."
The CDC is being run by a health economist with no public health experience who already has another full-time job running NIH. Half of the 27 NIH institutes have no permanent director. The top FDA drug regulator got fired in May - Kennedy found out after it happened.
When measles killed two children in Texas, the CDC official leading the response asked repeatedly to brief Kennedy. He was rebuffed every time.
The person actually running HHS operations is a longtime personal adviser whose policy spreadsheet - more than 50 items - is hidden from the department's own policy team. When Kennedy gets asked a question, his standing answer is "just run that by Stefanie."
This is not a management philosophy. This is a vacancy wearing a title.
Per reports, members of Congress working on college sports legislation are confused by the recent consternation around athletes gambling. Placing bets on outcomes they influence is a primary source of income for many of them.
BREAKING: Scott Pelley Just Made A Pretty Stunning Allegation.
According to Pelley, CBS leadership wanted a story about the killing of ICE protester Renée Good changed to better match Trump's version of events.
Pelley says he was told management wanted protesters portrayed as more violent and wanted Good described as driving toward the officer who shot her. He says the video evidence showed otherwise.
Then came the admission.
"There was a thumb on the scale for the president's version of events."
A veteran journalist with 37 years at CBS is alleging political pressure was applied to change the facts of a story.
That's a remarkable accusation.
If the governments job isn’t to secure even basic shit like clean drinking water for its citizens, what’s its actual purpose?! THIS IS WHAT WE WANT OUR TAXES PAYING FOR