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The Latest News about social security

Obama creating a nation of lazy, good-for-nothing mooches

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 stamp) cards are for non-necessities. ...

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Republicans Cave on Bush Tax Cut Extension, White House Wants More

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 cuts to the rest of ...

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How Much Does The Government Really Have To Buy A Vote?

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… and each dollar is spent ...

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House and Senate pass 2-month Social Security Revenue Cut

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 raises an objection to the ...

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The payroll tax gambit, eggs and the GOP miscalculation

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 an opinion piece that puts ...

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Keystone XL Bill DOA in Senate

The US House of Representatives passed on Tuesday (December 13, 2011), despite a White House veto threat, a bill that had in it two key components: (1) it would force work to begin on the 1,700-mile-long Keystone XL oil pipeline, and (2) it would keep 160 million workers from seeing their payroll tax go up on January 1, 2012, from ...

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Sen. Tom Coburn: Tax Payers Subsidizing Millionaires

A few days ago, I heard a little snippet on the radio about John Bon Jovi receiving farm subsidies from the federal government. I was busy writing another article, so I jotted down a note to remind me to look into this. Frankly, when I heard the report I was both shocked and skeptical at the same time. I thought, ...

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Obama: Congress should work through Christmas to extend Social Security revenue cuts

President Obama announced a 17-day long vacation to Hawaii for the holidays while almost simultaneously telling Congress to keep working through the break to pass an extension of the current Social Security revenue cut. Obama has been pushing for Congress to extend the Social Security revenue cut and increase the length of time Americans can be given unemployment insurance – ...

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Payroll Tax Debate: The Truth Comes Out in the U.S. Senate

On Thursday, Dec.1st the battle to extend the payroll tax holiday and unemployment insurance benefits reached new heights in the Senate, as not only did Republicans battle Democrats, but both parties saw raging fights within their own ranks over how to pay for the extensions, along with whether the tax holiday should even be extended at all. In the end, ...

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Newt Gingrich's "Growth" Plan: It's About Welfare

I think it’s about time we take a good look at Newt Gingrich’s plan to reform welfare entitlements through “promoting growth and innovation”, detailed in this 48-page white paper. First and foremost: Gingrich (or his writers) use very idyllic language which sounds very plausible. It’s the same sort of language Gingrich employs in debates with great success. I ask the ...

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The FairTax Series: America's Road To Prosperity Part 2

In this installment of the FairTax series I want to cover the cost of compliance and enforcement with today’s tax codes. Before I go into the complexities of compliance and enforcement I want to spend a few minutes dispelling the favorite myth of the anti-FairTax crowd. One of the things that put me off the FairTax at first was the ...

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A Better Way To Cut The Deficit

The Congressional Supercommittee has failed to come up with a deficit reduction plan. Personally, I’m thankful for that, since the very existence of the “supercommittee” was a Constitutional violation. I won’t get into a long explanation here of the debated cuts-which-weren’t-actually-cuts, or the sequestration of funds, or the odd process by which the supercommittee would have presented a bill. It ...

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The Herman Cain/ Newt Gingrich Sit-Down

Last night two GOP Presidential candidates squared off in what was referred to as a Lincoln-Douglas style debate. CSPAN really came through in a grand scale by airing the complete debate, and they should be commended for that decision. The debate was sponsored by the Texas Tea Party Patriot PAC, and was more of an informal sit-down discussion between Herman ...

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Seven Points of Economic Leadership for the United States of America

Seven Point of Economic Leadership for the United States of America By William Way It is time for economic leadership in Washington that makes sense.  The entire mental infrastructure of Washington DC has endorsed the foolish theories of Keynes.  If they studied just a little bit, only a little, they would recognize that Keynes never believed that his theories would ...

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