Category Archives: social security

Uncle Sam’s IOUs Can’t Save Social Security

Jeff Jacoby reviews Social Security funding. But the trust fund’s assets are an illusion. Social Security doesn’t own $2.6 trillion in gold bars or real estate or shares of Google. All it has are Treasury IOUs. Those IOUs represent $2.6 … Continue reading

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Social Security lockbox

Hey it’s empty.  The Daily Camera runs Krauthammer’s column from time to time, it will be interesting to see if they pick this one up. If Lew’s claim were just wrong, that would be one thing. But it provides the … Continue reading

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Leadership

Unbelievable. Two decades from now, I’m willing to take a look at it, but I’m not willing to take a look at it right now,” he told MSNBC. “It is not in crisis at this stage. Leave Social Security alone. … Continue reading

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Social Security Deficit appears Permanent

The Social Security Ponzi scheme starts to collapse……just as the baby boomers begin to receive their benefits. Like all Ponzi schemes it crumbles as the number of participants wanting their payback grow. I had an argument about Social Security being … Continue reading

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… and we can afford Obamacare???

Social Security to Start Cashing Uncle Sam’s IOUs Buy Gold.

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Keep up the good work Democrats…

Of course it’s only a Rasmussen poll. Even taking that with a grain of salt, it’s being compared with the same poll only a month ago. My advice to Democrats would be to step back, take a deep breath and … Continue reading

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No good news here…

The economy stinks, and it’s going to get worse. These dire economic indicators are merely the prelude to the detonation of Social Security and Medicare, the Fat Man and Little Boy of financial catastrophe . Yippee!!! Bring on universal health … Continue reading

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Social Security and Medicare

Read the Trustee’s report on the health of Social Security and Medicare. Don’t worry, it’s all Bush’s fault as Nancy Pelosi is so eager to tell us. It would be borderline funny if it wasn’t so pathetic.

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What the government can do for you

Annual report due for Social Security and Medicare A year ago, the trustees projected that the Social Security trust fund would start paying out more in benefits than it collects in taxes in 2017 and that the trust fund would … Continue reading

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Nine Social Security facts

This fact stands out to me… From 2009-2017, the number of retirees receiving Social Security will grow by 23.9%, the number of workers by only 4.3%. In other words, the number of retirees will grow more than five times faster … Continue reading

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In Social Security “years” it’s now 2017

Yep, Social Security isn’t supposed to be in deficit until 2017. Surprise, the program made it 8 years early (almost). It’s not quite that bleak as surpluses are projected from 2013 to 2015. Federal budget worrywarts (myself included) have been … Continue reading

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Social Security

Yikes, I was hoping to leave the social security solvency problem to my kids. Now that it’s predicted to arrive six years early it appears I might live long enough to experience the problem. Interestingly enough now that Obama is … Continue reading

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Ponzi scheme

The biggest Ponzi scheme yet, it just hasn’t come due yet. Don’t worry, it’s inevitable.

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Young voters wake up…

Robert Samuelson via Betsy on young voters being taken advantage of by the older voters. You’re being played for chumps. Barack Obama and John McCain want your votes, but they’re ignoring your interests. You face a heavily mortgaged future. You’ll … Continue reading

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Cap and trade

Powerline takes on the Lieberman-Warner cap-and-trade climate control bill. This interesting statistic from the EPA… The EPA estimates that by 2030 it will reduce GDP by 0.9% to 3.8%, and that is based on assumptions that appear hopelessly optimistic. Even … Continue reading

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Another Year of Solvency for SS

Whoopee, Social Security and Medicare have another year of life before the trust funds run dry. Highlights, if you can call them that, are: The trustees now project that Medicare’s hospital-insurance trust fund will run dry by 2019 without changes … Continue reading

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SmartMoney Interview on Social Security

SmartMoney magazine interviews Robert Bixby, executive director of the Concord Coalition, a non-partisan fiscal watchdog group on Bush’s social security “plans”. In commenting on the Repubican party’s latest proposal to take present day social security surpluses and invest them in … Continue reading

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To the Democrats…

politics is more important then saving social security, at least so claims Neil Cavuto. Here’s an excerpt…. You don’t understand, Neil,” he said. “This Social Security issue is our party’s issue. A Democratic president came up with it. Who the … Continue reading

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and the Daily Camera on Social Security….

keeps offering the same old tried and true unimaginative solutions that will leave the younger generation overtaxed…. Social Security is a shared national obligation. The goal of reform should be to shore up the system without altering its character. First … Continue reading

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FOX News Poll on Social security

Fox News commissioned a poll as President Bush’s 60-day social security comes to an end. Interesting results: 1. A large minority are unclear of the voluntary nature of personalinvestment accounts 2. Most Americans favor the “right to choose” between the … Continue reading

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