A humungous national debt. Growing state federal government budget deficits. Social Security and Medicare, running out of funds. All very frightening. But look out: The costs of public employee pensions are walloping city and state budgets — pushing a number of California cities into bankruptcy. Though the stock market tumble hasn’t helped, the basic problem lies squarely with politicians. They like to increase future benefits | Read More »
The Medicare/Social Security Conundrum
We’ve got a small public relations problem, folks. As it turns out, most conservatives and Republicans don’t know how to answer a seemingly simple question – “are you against Social Security and Medicare?” Say ‘no’ and you’re a ‘socialist’ and Democrat supporter. Say ‘yes’ and you risk alienating every living older American voter. The very question makes most conservatives sputter or | Read More »
Medical/Retirement Savings Accounts
One of the frustrating things for me this year is watching Republicans going up against health care “reform” unarmed. Not that a single man can’t stop a tank every now and again, but let’s be serious, this is open warfare and the Republicans have fewer novel ideas than a Buick engineer. HSAs used to be a Republican trial battle cry, pre-9/11, but was | Read More »
Half of the country wants out of Social Security.
49% want the chance to opt out, 37% don’t. This was the sentence that jumped out at me: A majority of voters under 50 say workers should be allowed to opt out. A plurality of those over 50 disagree. Speaking as a voter under 50, let me say that both the under-50 and the over-50 positions make perfect sense. I’ve been putting money into Social | Read More »
Left-Wing Hypocrisy on Obamacare. See 2005 and Social Security Reform
This is Josh Marshall from 2005: What the hell is Sen. Mary Landrieu (D) thinking? She’s holding a townhall meeting on Social Security tomorrow in Baton Rouge, the same day President Bush is holding his Bamboozlepalooza event in Shreveport. But Landrieu’s event is open to the public, no tickets required. I’ll bet her staff hasn’t even put together a Landrieu-loyalty oath yet or done background | Read More »
Slouching Towards Bankruptcy
Podcast Show Notes Gay Gene no more. (Hat Tip: Idaho Values Alliance.) Yes we can…have military tribunals. No, we can’t…release torture photos. Social Security and Medicare accelerate path towards bankruptcy . (Hat Tip: Michelle Malkin.) Click here to download, click here to add this podcast to your Itunes IMPORTANT: Please take our listener survey
Does the courage for the conservative message truly exist?
Like many conservatives on Redstate and other sites, I am motivated by the calls and enthusiasm for the return to conservative principles. The little voice in my head wonders if conservatives are ready for hard choices and positions this will require. Regardless of the election cycle, we will always have Republicans repeating the mantra of calling for fiscal responsibility, low taxes and limited government. Every | Read More »
Marsha Blackburn (R-TN) Has it Right: The Tie Binding Social Security to Medicare Should be Cut
It’s no secret to anybody who’s been paying attention to budget numbers that the United States, with a current GDP of just under $14 trillion, is $52 trillion in the hole in one specific area: Medicare and Social Security payments owed to those who have already prequalified by paying into the system. “Think about that: Unless you accept government-run health care, you have to forfeit | Read More »
Madoff not perpetrator of biggest Ponzi scheme
Contrary to “news” stories coming from the Ministry of Propaganda, Bernie Madoff did not run the biggest Ponzi scheme in history. To begin with let us look at the definition of a Ponzi scheme. From Merriam Webster dot com: an investment swindle in which some early investors are paid off with money put up by later ones in order to encourage more and bigger risks | Read More »
The Next Market To Melt
“During melting markets, all pension funds come under siege.” I’m quoting from a February article by John Entine. This Reason magazine cover story is entitled “The Next Catastrophe,” and, like so many things these days, it’s scary. Entine explains how fragile pension funds can become when markets collapse. Regular readers know that I’ve been worried about what we might call the Ultimate Catastrophe. Increasing demands | Read More »
Stand Clear of the Coming Liberal Meltdown
Liberalism doesn’t work. This should never be forgotten.
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Is Barack Obama a Courageous Deficit Hawk?
Steve Steckler thinks so, saying at The Arena: [K]udos to Obama for so boldly bring Medicare (and Social Security) into the conversation regarding fiscal discipline. The one big hope I have for Obama — a hopefulness encouraged by his selection of economic advisors — is that his enormous popularity, especially among liberals and labor/elderly constituencies that normally block reform — will give him enough confidence | Read More »
Good grief. So today I read over at msnbc about folks in their early 60s who still have to work, rather than play golf all day. http://www.msnbc.msn.com/id/27700954/ The whole tone of the article, from the title to the oh-so-sad photos, suggests that there is some great tragedy in people still working in their 60s. Is this something I should be crying about? In defense of | Read More »
Senator Obama Isn’t Serious About Social Security Reform
Ask any economist and many of the politicians and those that pay attention on the right what they say is the single biggest problem facing this country. The answer will likely be the unfunded liabilities of the federal government’s entitlement programs of Social Security, Medicare and Medicaid. Serious action needs to be taken now to keep those three programs from swallowing the entirety of the | Read More »
Obama Lies About Tax Cuts If You Make Over $100,000
There is one item which I wish the McCain campaign would bring greater attention to: Obama’s plan to lift the income cap on social security contributions. This very fact turns Obama’s promise of a tax cut for everyone earning less than $250,000 into a complete lie. With the current income cap for social security cap at $100,000, removing the cap translates into a $9750 tax | Read More »