$150/$250 health care tax starts in 2011

    According to a Washington Times editorial April 1, Obamanationcare institutes a month “charge” for long-term health care of $150/$250 a month in 2011 (unless you opt out). If you remember, 2011 is also the year the Bush tax cuts elapse and, according to the Wall Street Journal, could cost a family of 4 making $75,000, up to $2500 a year. Let’s see, $250 a month | Read More »

    Entitlement Reform: A Fight We Can Win

    The United States is crossroads. We are facing a massive deficit brought on by historic spending and entitlement expansion. The nation is now coming to the slow realization that these policies cannot be sustained without crippling their economy for years to come. But it is the next generation that will be responsible for the fiscal responsibility of today’s government. Therein lies the problem. Former Congressman | Read More »

    Social Security Trust Fund goes cash-flow negative

    Today the New York Times had a shocking story: this year the Social Security Trust Fund will pay more out in benefits than it takes in in revenue. There are several reasons this is an important story. First, it is important because it reminds us that our country is on the edge of a fiscal precipice. The baby boomers will begin retiring next year. Indeed, | Read More »

    Why this time is different

    The Eeyores of the conservative movement are all over this Obamacare vote, declaring that we’re doomed to perpetual socialism because Republicans never repeal anything. To them I say: bah. We’ve never been in this situation before, where we’ll actually win an election on the heels of passage. Social Security: Passed in 1935. Republicans take House and Senate in 1947, 12 years later. Medicare and Medicaid: | Read More »

    History Collides

    In another twist in the American story that only God could author, the nation’s largest social program is beginning it’s implosion at the same time the Democrats are forcing through their health care monstrosity. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes | Read More »

    Dangerous Place

    There are three things you have to do to get out of a dangerous place. First confront the brutal facts of the situation; second, and only after acknowledging the first, find the way out of peril. And third, have the faith that you will succeed.  Fortunately we Americans have the third ingredient in abundance: an undying belief in ourselves that we can resolve any problem | Read More »

    Ryan’s Roadmap

    The implications of Rep. Paul Ryan’s Roadmap For America’s Future

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    You’re in hock $1,028,000 more than you thought

    Yep, our elected officials have really run up $1,028,000 of public obligations for the family of the average American.  No kidding.    First there’s the hard debt – contractual obligations of the government.  Roughly $87,000 per family – half the value of the average home in America. It’s chicken feed to America’s politicians.     Then there’s the semi-hard debt – primarily retirement benefits for | Read More »

    Obanostic… Bohica – Bend Over, Here It Comes Again!

    To paraphrase Sarah Palin, “How’s that hopey changey thing workin’ out for ya?” Mr ‘No family making less than 250,000.00 dollars will see a tax increase’.. ad nauseum. Now Mr Presidential Chameleon has come up with another mind-torturing shape change. Our wonderful leader has discovered that he is ‘AGNOSTIC’ to tax increases for the “middle class”, whatever his definition of that may be this week. | Read More »

    A Glimpse of a Better Future

    Harry Truman was full of good quotes. Two of my favorite: “If you want a friend in Washington get a dog” and “I never give them hell. I just tell the truth and they think it’s hell.” Representative Paul Ryan (R-WI) can likely sympathize with Truman – because he’s givin’ Democrats hell and it isn’t making him many friends. He’s recently charted a course, determined | Read More »

    Irony, thy name is Government

    You can always trust the government to pull an Orwell and regularly use words that mean the opposite of their political meaning.  Take “Non-Discretionary Spending,” for example.  What is, by its nature, the most discretionary part of our budget, social programs like Social Security and Medicare/Medicaid, are called “non-discretionary.”  The money that funds what our government is meant to do, that is, the courts, regulatory | Read More »

    I’m not gonna fall for the banana in my tailpipe, again.

    From funny Eddy Murphy movies to Lucy pulling the football away from Charlie Brown time and time again.  Are we going to fall for the Obamacare in our tailpipe again like SS? For a glimpse into the future of Obamacare, try reading any article or blog on the challenges, crises of SS and substitute “obamacare” every time you see “social security”. Increased costs, higher taxes, | Read More »

    Uncle Sam Plants To Steal Your 401k’s

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    My Comments on the National Debt

    Today brings another example of how spending in Washington is dangerously out of control. With the national debt approaching $12.135 trillion, and the Treasury Department having to use ‘extraordinary accounting tools’ to allow an extra $150 billion in debt so Social Security checks can continue to be issued and the federal government can keep its doors open, it is time our elected officials in Washington | Read More »

    Social “Screwturity”

    I just got my yearly Social Security statement. Enclosed was a short leaflet with an article titled “Will Social Security still be around when I retire?” The article states that the funds for Social Security will be depleted by 2037 under the current law. But what really angered me was this statement:

    However, this does not mean that Social Security benefit payments would disappear. Even if modifications to the program are not made, there would still be funds in 2037 from taxes paid by workers to pay about $760 for every $1,000 in benefits scheduled.

    So basically, the government will withhold $240 for every $1000 I should receive. Would you ever own an investment portfolio that had a 24% management fee and offered a near 0% interest rate? I can’t believe I am forced into a system that takes more money away from me (percentage wise) than what I lost in the financial meltdown of the last two years.

    I just got my yearly Social Security statement. Enclosed was a short leaflet with an article titled “Will Social Security still be around when I retire?” The article states that the funds for Social Security will be depleted by 2037 under the current law. But what really angered me was this statement:

    However, this does not mean that Social Security benefit payments would disappear. Even if modifications to the program are not made, there would still be funds in 2037 from taxes paid by workers to pay about $760 for every $1,000 in benefits scheduled.

    So basically, the government will withhold $240 for every $1000 I should receive. Would you ever own an investment portfolio that had a 24% management fee and offered a near 0% interest rate? I can’t believe I am forced into a system that takes more money away from me (percentage wise) than what I lost in the financial meltdown of the last two years. And yet, this inefficient, near-criminal behavior is just seen as “business as usual” for the U.S. government.

    I could have put this money into a savings account. That would at least earn a little interest and not put my capital at risk. I could go to Las Vegas and gamble with it. If I lost 24% at the blackjack table I would be doing as well as placing that money with the government. At least in a casino there is a small chance of making a profit. Heck, I would have come out in better shape just putting the money under my mattress! When we are done taking on the government over cap-n-trade, socialized medicine, and out of control spending we need to launch a revolution on Social “Screwturity.”

    Read More »