Political News for Seniors
Donald Trump debt proposal a Social Security
Motely Fool says Trump's plan to tackle our growing national
debt could be surprisingly bad news for seniors.
May 23, 2016 - America has a plethora of growing concerns, but none may
loom larger over the long term than our burgeoning national
debt, writes Sean Williams in the popular website for
investment advice, The Motely Fool.
Williams points out that our national debt is
quickly approaching $19.3 trillion
dollars, according to USDebtClock.org.
"In 2016, based on the approved federal budget,
some $283 billion dollars was set aside just to pay net
interest on our outstanding debt. Presumably, if our
outstanding debt continues to grow, other federal programs
that are in need of funding could suffer," says Williams.
"Last week, Donald Trump, the Republican
Party's presumptive nominee for president, offered up his
solution on how to fix the United States' growing national
"Unfortunately," says Williams, "it's a plan that could prove
devastating for seniors."
He sees a "veritable laundry list of
problems" associated with the Trump proposal.
You can read this copyrighted report free
The Motely Fool website.
About Sean Williams
Sean Williams has been
with the Motley Fool since 2010. A graduate of UC San Diego, he
has a B.A. in Economics and specializes in writing about
healthcare and investment planning.
You can follow him on
CAPS under the screen name TMFUltraLong, track
every pick he makes under the screen nameTrackUltraLong,
and check him out on Twitter, where he goes by the handle @TMFUltraLong.
Seniors may find reverse mortgage
a good investment
Mortgages - the Investment that Grows"
writes industry leader Michael Branson,
All Reverse Mortgage
"Are you losing money in
your portfolio? So many are. I received a call from a borrower for
whom I closed a reverse mortgage less than a year ago. She
wanted to thank me again and let me know that the reverse mortgage
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