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If you’re on social security, you’ve probably noticed by now your check has grown a bit this
year.
“Approximately 70 million Americans saw an 8.7% increase in their Social Security benefits and Supplemental Security Income” (SSI) this year which amounts to more than “$140 per month” according to the Social Security Administration. This coincides with the retirement age raised to 67 last year for people born in 1960 or later. These changes are among several others the federal agency implemented this year.
Raising the retirement age is “a benefit cut,” Kathleen Romig, Director of Social Security and Disability Policy at the Center on Budget and Policy Priorities said to CNBC.
News reports also indicate some lawmakers are considering raising the retirement age to 70 years old in the near future. One of the issues SSA faces has been longstanding, generating
enough money from payroll taxes to cover benefit costs for those using the program. Social Security trustees reported on this last year on its 2021 financials and determined, “Social
Security’s total cost is projected to be higher than its total income in 2022 and all later years.”
The Social Security Office of Policy said in a 2004 report, “Funds would be exhausted in 2038…and retirement benefits would have to be reduced.”
Medicare is in a similar situation to the SSA where it faces insolvency because more money is going out compared to what’s coming into the government program.
In a recent CNN report, it noted “Medicare’s trustees reported that the hospital insurance trust fund will bring in $412.6 billion in 2023. It will spend $415.6 billion. That means it will spend $3 billion more than it generates in revenue this year.”
The Universities of Louisiana Reginald F. Lewis Scholars enhances the collegiate experience of black male students.
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It is primarily because of these reasons, lawmakers have been pressured to do something about Social Security and Medicare’s money problem, but there aren’t any quick fixes to easily address the issues at hand. Social Security and Medicare are hot-button issues among politicians, and they become even hotter during election years. Many senior citizens who rely on these programs don’t want politicians to mess with them, but without some tinkering, they may cease to exist for future generations within the next decade.
An analysis of Social Security’s problem by CNN says three things must be done to solve the
SSA’s money problem.
The first suggestion is “increase the payroll tax,” the next suggestion is to reduce benefits from
“20% to 24%” and the third is some combination of suggestions one and two.
In an effort to track his family history the author has skillfully layered the foundation of his roots. Julius Faucette searches for a workable meaning to his life through his ancestor's choices of color. Faucette takes the reader back to the 1700's through research and intimate conversations with one of the oldest members in the family. Eugene Pinnix, who lived to be 104, speaks to the readers through Julius Faucette. 
Fluidly, calmly, insightfully, Faucette guides his readers straight to the intersection of the most serious questions of identity, class and race. The Saga of Madison Brown "A Choice of Color" is a story of race, inheritance and color choices. Not often does one hear of someone of German ancestry passing for black. Through his research, Faucette reveals how individuals in the Madison Brown family were able to make color choices, which ultimately resulted in life changes.
Faucette cleverly shifts between information obtained through general research and his on-going interviews with Eugene Pinnix. By combining both, he is able to educate and entertain his readers. The author deciphers a historic unknown by matching it with known facts obtained through his cousin Eugene. And the contrast between those born in slavery and those born to freedmen is powerful. This historical pictorial will draw readers in.
As the Madison Brown history unfolds, each generation passes down to the next that thirst to make color choices. The struggles of each play out in this candid historical review. In this irresistible story, Faucette resists the urge to paint with a broad brush that will stereotype the races. He utilizes the information obtained from not only his dear cousin, but also documents from local courthouses, state records, etc., to present a complete family picture.
This first edition will take the reader back several generations and the result is that
most will yearn to know their family origins.
We are very excited to share our archive issue newsstand section. Click on the desired thumbnail to view the entire issue. Archived issues are organized on the newsstand by year. At the bottom of the newsstand click on the year to view additional issues.
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