$800 billion in tax increases form the center of President Obama’s new budget plan with some $1.2 Billion in cuts to future spending growth. Neither side seems to willing to support the plan. Democrats say that the tax increases don’t go far enough and point to the liberal plan from the Senate that raises taxes [...]
Tag: "social security"
“Madoff duped a handful of well-off investors…meanwhile the Social Security program is duping generations of all classes of investors…” –Dr. Edward Forsythe At a White House press conference Wednesday evening, President Obama announced he has issued an executive pardon to infamous Ponzi-schemer Bernie Madoff and appointed the convicted felon to manage the country’s Social Security [...]
What do Great Britain, Australia, Argentina, Peru, Hungary, Romania, Croatia, Russia and Chile have in common? They all have privatized their Social Security Systems. While the people in those countries enjoy a 9% – 12% return on their money, we in this country enjoy a 1% – 5% return on our money, who is better [...]
Some of the more excitable members of the conservative Internet commentariat sounded battle stations when they learned the Social Security Administration (SSA) wanted to buy 174,000 hollow–point bullets. Had granny decided she was not going passively the next time Paul Ryan tried to shove her off a cliff? Were irate seniors busy sharpening the legs [...]
Comparing the amount of money spent to the size of the economy, the group uses powerpoint-esque animations to help children, communities and college students understand how important and inexpensive the programs are. It’s all propaganda.
Spain’s economy is under such duress that the country is prepared to request a 40 billion Euro cash injection from the Euro zone this weekend. The request comes after Fitch Ratings reduced Spain’s credit by three notches on Thursday. This move will make Spain the fourth country to need a bailout since the European debt [...]
In February of last year, conservative commentator George Will gave a great lecture at the Navy War College in Rhode Island. In that lecture, he detailed two major battles we will face in the coming election, which are taxes and entitlement reform. Despite what the liberal media says about conservatives, we are not trying to destroy Medicare. [...]
. From our friends over at Learn Liberty, Professor Anthony Davies of Duquesne University explains why ending Social Security and transitioning to private retirement accounts is better for Americans – and would cut nearly $500 Billion in government spending And another explanation of the same topic, but in different terms: —
Government trustees report this week reveal that Social Security and Medicare will run out of money sooner than expected. Medicare is looking at a shortage beginning 2024 but Social Security for Disabled (SSI) will be out of funds just around the corner in 2016. All agree that by 2030 there will only be enough money [...]
Finally we are able to point at something (besides record gas prices) as an accomplishment of the Obama Administration: more Americans are finding it acceptable to live off of government hand-outs than ever before. Food stamps are being used everywhere from cruise ships to casinos. There’s even a YouTube video showing how widely-accepted EBT (food [...]
Republican congressional leaders are indicating that they will allow the Bush tax cuts to be extended until the end of the year without requiring offset spending cuts to pay for it. The White House is demanding that the GOP give even more. The leaders of congressional Republicans will present an extension of the Bush tax [...]
A break down of exactly how much does the government REALLY has to buy votes, who pays taxes, who does’t pay taxes, and how much each department spends. Bill Whittle calls Barack Obama’s $1 billion that he will spend to get re-elected “chump change” in comparison. These Big Government statistics are 22,000 times that amount… [...]
Using a procedure known as unanimous consent, the U.S. Senate and House of Representatives passed the 2-month payroll tax holiday that President Obama and Senate Majority Leader Harry Reid have been demanding. The procedure makes it possible to pass legislation without a quorum present in the chamber. The legislation passes as long as not one single member [...]
The phrase “couldn’t find their butts with both hands tied behind their backs” comes to mind as I analyze the feat of stupidity undertaken by the leaders of the House and Senate in the Social Security revenue cut proposal (a.k.a. payroll tax holiday). A news outlet I do not often quote, The New York Times, has [...]