Georgia is in the news these days, as hundreds of millions of dollars pour into the state for two runoff elections on January 5th that will determine control of the U.S. Senate. The fast-growing, friendly Peach State will get even more attention in the weeks and months ahead.

Politics and economic decisions have consequences. It is breathtaking to consider how little focus has been shed on the Biden tax proposals and the impact on our savings.

If you used your free time on Saturday or Sunday to watch football, you may have seen an ad run by Joe Biden’s campaign in which the narrator says that Biden won’t raise taxes on anyone earning less than $400,000 annually. The ad perpetuates the myth that the Tax Cuts and Jobs Act was a “tax cut for the rich.” As Chris Edwards of the Cato Institute notes, the Tax Cuts and Jobs Act “provided the largest percentage tax cuts to the bottom two quintiles—that is, the bottom 40 percent of U.S. households.”

It will take real discipline to fight through the blizzard of misinformation heading our way as the Presidential election gets into full swing. Americans have already suffered through enough coronavirus related challenges, so doomsday predictions of an approaching Social Security collapse are not only inaccurate, but unhelpful.

On Wednesday, the Congressional Budget Office (CBO) released separate reports on the ten-year budget outlook and the financial outlook for major federal trust funds. The reports show the impact of COVID-19 on the economy, the failure of Congress to responsibly manage federal spending, and the cost of doing nothing to put federal entitlement programs on a sustainable financial path.

If you have been on this earth for six or seven decades, then you have experienced both volatile times and unexpected crises.

These days are full of stress, protest, and explosive rhetoric.

The old Temptations single, “Ball of Confusion,” from 1970 has an eerily prescient message for us this week. Describing what the world was then reminds us of today: