{"id":52010,"date":"2026-06-09T21:13:49","date_gmt":"2026-06-10T01:13:49","guid":{"rendered":"https:\/\/prefblog.com\/?p=52010"},"modified":"2026-06-09T21:22:02","modified_gmt":"2026-06-10T01:22:02","slug":"june-9-2026","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=52010","title":{"rendered":"June 9, 2026"},"content":{"rendered":"

The American indifference to the problems at Social Security continue to be ignored<\/a>:<\/p>\n

Tens of millions of retirees and other Americans could see smaller monthly Social Security checks in six years if lawmakers don\u2019t act to shore up the program\u2019s finances, according to an annual report released Tuesday by Social Security\u2019s trustees.<\/p>\n

Social Security\u2019s retirement trust fund \u2014 which helps support payments to senior citizens, their dependents and survivors of deceased workers \u2014 is expected to be exhausted in late 2032, which is one quarter earlier than previously forecast, according to the trustees. At that time, payroll tax revenue and other income sources will be able to cover only 78% of benefits owed.<\/p>\n

That means the next president could be faced with having to address Social Security\u2019s shaky finances, which have long been considered a third rail in American politics. The issue could play a more prominent role in the 2028 presidential campaign if the projected expected insolvency date remains only a few years away.<\/p>\n

The combined Social Security\u2019s retirement and disability trust funds \u2014 are expected to be exhausted in 2034, the same as last year\u2019s forecast, according to the trustees. At that time, payroll tax revenue and other income sources will be able to cover only 83% of benefits owed.<\/p><\/blockquote>\n

I don’t understand why this isn’t a huge issue in American politics. We addressed our problem with CPP back in the ’90’s – about thirty years ago. Since then, administrations of both stripes have ignored the issue, which is looming, obvious and public knowledge: Clinton, Bush, Obama, Trump #1, Biden, Trump #2 . ‘Low taxes, low taxes’ the chant goes … never mind that taxes (local + regional + federal + deficits) are basically the sme in the US and Canada, as far as I’ve ever been able to tell, as long as you don’t count medical expenses as a tax because, you know, insurance covers it.<\/p>\n

I suspect that this is because America’s billionaires basically run the show down there; they couldn’t care less about Social Security.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n5.67 %<\/td>\n6.06 %<\/td>\n27,894<\/td>\n14.78<\/td>\n1<\/td>\n0.0000 %<\/td>\n2,588.6<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0711 %<\/td>\n4,916.1<\/td>\n<\/tr>\n
Floater<\/td>\n5.54 %<\/td>\n5.76 %<\/td>\n38,673<\/td>\n14.18<\/td>\n3<\/td>\n0.0711 %<\/td>\n2,833.2<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.6850 %<\/td>\n3,639.9<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.79 %<\/td>\n4.34 %<\/td>\n50,745<\/td>\n2.77<\/td>\n5<\/td>\n0.6850 %<\/td>\n4,346.9<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.6850 %<\/td>\n3,391.6<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.67 %<\/td>\n5.53 %<\/td>\n78,074<\/td>\n6.55<\/td>\n7<\/td>\n0.2662 %<\/td>\n3,078.4<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.58 %<\/td>\n5.63 %<\/td>\n42,936<\/td>\n14.40<\/td>\n28<\/td>\n0.3608 %<\/td>\n3,380.5<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.63 %<\/td>\n5.94 %<\/td>\n130,992<\/td>\n13.82<\/td>\n19<\/td>\n-0.3921 %<\/td>\n3,301.7<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n5.47 %<\/td>\n5.52 %<\/td>\n46,846<\/td>\n14.58<\/td>\n22<\/td>\n0.2379 %<\/td>\n3,294.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n4.65 %<\/td>\n4.66 %<\/td>\n24,601<\/td>\n16.20<\/td>\n1<\/td>\n0.0000 %<\/td>\n4,095.3<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.93 %<\/td>\n4.70 %<\/td>\n81,708<\/td>\n2.27<\/td>\n29<\/td>\n-0.1177 %<\/td>\n2,648.0<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3921 %<\/td>\n3,375.0<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.14 %<\/td>\n5.36 %<\/td>\n72,339<\/td>\n14.50<\/td>\n14<\/td>\n-0.3392 %<\/td>\n3,214.2<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-4.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n-2.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 22.36
\nEvaluated at bid price : 23.00
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
ENB.PF.E<\/td>\nFixedReset Disc<\/td>\n-2.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 22.37
\nEvaluated at bid price : 23.05
\nBid-YTW : 6.21 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n-2.07 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 21.30
\nEvaluated at bid price : 21.30
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n-1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 14.60
\nEvaluated at bid price : 14.60
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n
ENB.PR.J<\/td>\nFixedReset Disc<\/td>\n-1.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 22.87
\nEvaluated at bid price : 23.70
\nBid-YTW : 6.10 %<\/td>\n<\/tr>\n
GWO.PR.R<\/td>\nInsurance Straight<\/td>\n-1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 21.40
\nEvaluated at bid price : 21.40
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
GWO.PR.Q<\/td>\nInsurance Straight<\/td>\n-1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 22.55
\nEvaluated at bid price : 22.80
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 23.64
\nEvaluated at bid price : 25.37
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
BN.PF.A<\/td>\nFixedReset Prem<\/td>\n-1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2028-09-30
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.78
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
ENB.PR.B<\/td>\nFixedReset Disc<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 22.09
\nEvaluated at bid price : 22.75
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n1.20 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.68 %<\/td>\n<\/tr>\n
ENB.PR.Y<\/td>\nFixedReset Disc<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 22.17
\nEvaluated at bid price : 22.62
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 22.71
\nEvaluated at bid price : 23.00
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
PWF.PR.K<\/td>\nPerpetual-Discount<\/td>\n1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 22.10
\nEvaluated at bid price : 22.32
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
POW.PR.B<\/td>\nPerpetual-Discount<\/td>\n1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 23.69
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 13.80
\nEvaluated at bid price : 13.80
\nBid-YTW : 5.76 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n1.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 21.37
\nEvaluated at bid price : 21.64
\nBid-YTW : 5.61 %<\/td>\n<\/tr>\n
PVS.PR.M<\/td>\nSplitShare<\/td>\n2.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2031-03-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.43
\nBid-YTW : 4.78 %<\/td>\n<\/tr>\n
CU.PR.H<\/td>\nPerpetual-Discount<\/td>\n2.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 24.21
\nEvaluated at bid price : 24.50
\nBid-YTW : 5.38 %<\/td>\n<\/tr>\n
IFC.PR.F<\/td>\nInsurance Straight<\/td>\n4.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 23.73
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
ENB.PR.P<\/td>\nFixedReset Disc<\/td>\n62,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 23.02
\nEvaluated at bid price : 24.00
\nBid-YTW : 5.94 %<\/td>\n<\/tr>\n
ENB.PR.T<\/td>\nFixedReset Disc<\/td>\n28,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 23.26
\nEvaluated at bid price : 24.65
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
ENB.PF.C<\/td>\nFixedReset Disc<\/td>\n13,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 22.36
\nEvaluated at bid price : 23.00
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
There were 0 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
See TMX DataLinx: ‘Last’ != ‘Close’<\/a> and the posts linked therein for an idea of why these quotes are so horrible.<\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.00 – 20.50
\nSpot Rate : 1.5000
\nAverage : 1.0592<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 5.74 %<\/td>\n<\/tr>\n

ENB.PF.C<\/td>\nFixedReset Disc<\/td>\nQuote: 23.00 – 24.00
\nSpot Rate : 1.0000
\nAverage : 0.6069<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 22.36
\nEvaluated at bid price : 23.00
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n

GWO.PR.T<\/td>\nInsurance Straight<\/td>\nQuote: 23.20 – 25.00
\nSpot Rate : 1.8000
\nAverage : 1.5339<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 22.93
\nEvaluated at bid price : 23.20
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n

BN.PR.T<\/td>\nFixedReset Disc<\/td>\nQuote: 22.90 – 23.55
\nSpot Rate : 0.6500
\nAverage : 0.4094<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 22.19
\nEvaluated at bid price : 22.90
\nBid-YTW : 5.92 %<\/td>\n<\/tr>\n

GWO.PR.Q<\/td>\nInsurance Straight<\/td>\nQuote: 22.80 – 23.55
\nSpot Rate : 0.7500
\nAverage : 0.5682<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 22.55
\nEvaluated at bid price : 22.80
\nBid-YTW : 5.65 %<\/td>\n<\/tr>\n

IFC.PR.K<\/td>\nInsurance Straight<\/td>\nQuote: 23.90 – 25.10
\nSpot Rate : 1.2000
\nAverage : 1.0496<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2056-06-09
\nMaturity Price : 23.45
\nEvaluated at bid price : 23.90
\nBid-YTW : 5.58 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The American indifference to the problems at Social Security continue to be ignored: Tens of millions of retirees and other Americans could see smaller monthly Social Security checks in six years if lawmakers don\u2019t act …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-52010","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52010","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52010"}],"version-history":[{"count":4,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52010\/revisions"}],"predecessor-version":[{"id":52018,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/52010\/revisions\/52018"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}