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From the category archives:

social security

The Payroll Tax Cut That Isn't

February 9, 2012

You probably remember that President Obama's payroll tax cut was extended for two months near the end of December. What you may not know is who paid for the payroll tax cut: Just before Christmas, American workers got a rare gift from Washington politicians – the current payroll tax cut would be extended for two [...]

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The Tea Party Budget

December 4, 2011

Four months ago, one of the largest Tea Party groups, Freedomworks, created a Tea Party Debt Commission to address the red ink in which this country is drowning. Because our current non-leader is doing nothing but fiddling while Rome burns, I'm happy to present the results of the Tea Party's work, the Tea Party Budget. [...]

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Shazzam ! Responsibility Gone !

August 11, 2010

Liberals, after 8 years of complaining about President Bush running up the federal debt (as did I), and after 20+ years of complaining about President Reagan running up a relatively minor amount of debt (Obama ran up nearly as much debt in his first year as Reagan did in two full terms), now wholly embrace [...]

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Social Security Scam Falling Apart

March 15, 2010

After nearly fifty years of ripping off the American public, the government scam known as Social Security is coming undone. In 2010, Social Security revenue will not be enough to pay benefits to retirees. The Associated Press reports: The retirement nest egg of an entire generation is stashed away in this small town along the [...]

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Social Security Snow Job

September 28, 2009

While skimming through today's Drudge Report, I found an article stating that Social Security (SS) will operate in the red for the next couple years. SS will pay more out to retirees than it collects in payroll taxes. This is due to the recession. It seems many more older workers are opting for early SS [...]

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Passing The Buck

August 24, 2009

Do you believe our federal government is competent ? Do you think it's doing a good job of solving our problems ? Are we getting our money's worth ? Let's run through a checklist. The government declared a war on poverty about 45 years ago. How'd that work out ? We may not have an [...]

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Obama Admin Admits Entitlement Crisis

May 14, 2009

In my last post, I touched on the problem of our huge unfunded entitlement liabilities, primarily Social Security and Medicare. Yesterday, the Obama administration admitted the problem exists. Yippee ! This may not seem like such a big step forward, but it is. Remember, for years the Democrats in Congress denied there was any problem [...]

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Worse Than Enron, Worse Than Madoff

May 12, 2009

At the end of each fiscal year, the Treasury Department issues a financial report. The last such report was the 2008 Financial Report Of the United States Government. There is a link to the Citizens Guide version of the report here. The stated 2008 deficit under President Bush was $454.8 billion. That was the largest [...]

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If You Can't Dazzle 'Em With Brilliance…

May 9, 2009

Baffle 'em with you-know-what. If Washington D.C. has a credo, that must surely be it. The media isn't far behind. But before I get into that, I'd like to take a moment to thank President Obama for saving us all from last week's swine flu pandemic (worldwide epidemic). Just think, if Bush was still the [...]

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By All Means, Let's Regulate Systemic Risk

March 27, 2009

As Treasury Secretary Tim Geithner outlined his broad principles for regulatory reform, which included government takeover and divestiture of private firms that posed a "systemic risk" to the economy, I started counting up all the private firms that posed a systemic risk in the current financial crisis. I came up with one – AIG. The [...]

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