Entitlements: Lost in all the attention to Mitt Romney's rout in Wednesday's debate was a gross factual error Barack Obama made when he addressed Social Security. No, Mr. President, it is not "structurally sound." At the beginning of the third segment of the debate, moderator Jim Lehrer asked the candidates to address economic issues and, specifically, their differing views on Social Security. Obama responded by saying "Social Security is structurally sound . .. the basic structure is sound." Maybe under some tortured definition the entitlement is sound. But in the real world, it's in trouble. Social Security is now in its
Well, ... I think the truth is sort of in-between. Social security already has been tweaked, the retirement age is rising a little, because people are living longer - much longer. A small reduction in benefits is coming, and yes, probably a small increase in taxes. A little more means testing, a little incentive for wealthier people to opt-out in favor of tax breaks on other money, and it's "good" for another fifty years.
The problem is near-term, since there was NEVER ANY LOCKBOX (because nobody has any idea how to build such a thing), NOW someone has to come up with the pretend-lockbox funds that were put away. That is a crisis NOW and will be a bigger crisis in ten to twenty years, exactly when me and my boomer buddies start really needing it.
I have really not seen this discussed accurately even in the financial press.
I would not even begin to entertain the thought of raising the SSI age of eligibility unless the same was done in the govn sector. Being able to retire on a govn pension as early as 55 or 50 in some locations is a slap in the face to the private workforce taxpayer who must foot the bill for themselves and the govn workers. When anyone raises the specter of tinkering with the govn pension systems they go apoplectic in their outrage yet doing so to SSI seems somehow `necessary` for the solvency of the program.
If raising the age of retirement is good for the private sector then it must also apply to the govn sector or no dice.
7. On the U.S. war with Iraq: “If there is a country that has committed unspeakable atrocities in the world, it is the United States of America. They don’t care for human beings.” Via cbsnews.com 6. On Israel: “Israel should withdraw from all the areas which it won from the Arabs in 1967, and in particular Israel should withdraw completely from the Golan Heights, from south Lebanon and from the West Bank.” Via jweekly.com 5. On the U.S. war with Iraq: “All that (Mr. Bush) wants is Iraqi oil.” Via cbsnews.com 4. Mandela on Castro and the Cuban revolution: “From its earliest days, the Cuban Revolution has also been a
In February, the Bush family’s personal emails were hacked by Guccifer, a hacker who uncovered photographs of former President George H. W. Bush in a hospital bed and George W. Bush’s oil paintings in the process. It seems Guccifer has struck again, this time targeting former President Bill Clinton and the Clinton Library. The hacker has reportedly uncovered doodles of Clinton drawing on what were, at the time, classified documents. Among the doodles is apparently a picture of a penis. The document uncovered is a briefing of the strategic measures the United States could take prior Clinton’s decision to intervene in
A witness in the case of the murder of Venezuelan Ambassador Olga Fonseca in Kenya 2012 told a court in Nairobi on Wednesday that the diplomatic mission would use the diplomatic bag for drug-trafficking purposes. "I am aware that the embassy was used to traffic drugs using the diplomatic bag," said former embassy driver Kevin Lameck, AFP reported. Fonseca, aged 57, was found strangled to death in her residence in Nairobi in July 2012. Seven people have been accused in the case, including Dwight Sagaray, the then first secretary of the embassy. Lameck´s statement was issued during cross-examination by Sagarya´s defense Lawyer Katwa Kigen.
A group of 25 people identified as members of Colombian rebel National Liberation Army (ELN) evicted some 150 people out of a tourist resort south Táchira state, specifically in La Espuma town, southwest Venezuela, local press reported. According to newspaper El Diario de Los Andes, the troops carried rifles and were dressed in military uniforms. They kicked people out of their rooms. They asked for the owner´s location and ordered people to leave, saying "this is ours now." El Diario de Los Andes informed the guerrilla group gave inhabitants until Monday to leave town, claiming it was now under the ELN´s control. Based
Socialism: Venezuela´s President Nicolas Maduro unveiled his big plan for socialism Monday night, just as a blackout engulfed the country. Sure, it´s comical. But it´s less so upon realizing that California may see the same thing. The downward slide in Caracas is becoming more of a cautionary tale than just a freak show of Stalinist communist throwbacks run wild. In California, energy officials warn that the state and others like it face a catastrophic collapse of its power grid due to the many green energy schemes that have made managing energy flow difficult. "Energy officials worry a lot these days
Looting and robbing spread to several areas of the Argentine city of Cordoba on Tuesday evening and night following a walkout from the police in the midst of a conflict over pay and other benefits. The Supermarkets association has anticipated its members will not open their stores on Wednesday unless police forces are back patrolling the streets of Argentina´s third largest city which is also an important manufacturing pole. Television film showed mostly youngsters breaking into supermarkets and robbing food, drinks and electronics, while the stores were defenseless. Women could also be seen.
ZAGREB, CROATIA – A majority of Croatians voted in a referendum Sunday to ban gay marriages in what is a major victory for the Catholic Church-backed conservatives in the European Union´s newest nation. The state electoral commission, citing initial results, said 65 percent of those who voted answered "yes" to the referendum question: "Do you agree that marriage is matrimony between a man and a woman?" About 34 percent voted against. The result meant that Croatia´s constitution will be amended to ban same-sex marriage. The vote has deeply divided Croatia. Liberal groups have said the referendum´s question infringes on basic human rights. The
On his way to the podium at the memorial ceremony for former South African president Nelson Mandela, President Obama walked down the line of dignitaries, greeting other leaders there to pay their respects. Among the hands shaken: that of Cuban leader Raul Castro. Obama neither made a special effort to shake Castro’s hand nor to avoid him. A snub might have been awkward: In his speech, Obama praised Mandela’s “greatest gift” as “his recognition that we are all bound together in ways that can be invisible to the eye; that there is a oneness to humanity; that we achieve ourselves by
A “presidential selfie” featuring President Barack Obama, British Prime Minister David Cameron, and Denmark’s Prime Minister Helle Thorning-Schmidt at Nelson Mandela’s memorial service began making the rounds this morning, but it’s the person not included in the frame who caught everyone’s attention: As anyone with two eyes and a Twitter account has noticed, Michelle Obama does not appear amused. Of course, though a picture says a thousand words, not all of those words are necessarily true. FLOTUS might not have even known the photo was taking place. Or she could disapprove of funeral selfies. Either way.
A black fashion student says he was brutally attacked by a gang of Hasidic men who shouted anti-gay slurs at him while he was walking through Williamsburg after a night of partying, the Daily News has learned. Taj Patterson, 22, was headed home to Fort Greene around 4:30 a.m. on Dec. 1 when he says more than a dozen ultra-Orthodox Jewish men began assaulting him on Flushing Ave. and yelling, “Stay down, f----t!”
The Obama State Department has finally released a second round of photos revealing the harrowing devastation wrought by a terrorist attack on the U.S. Consulate in Benghazi on Sept. 11, 2012. The new photographs depict rampant damage to the consulate. They show charred walls, smoldering fires, Arabic graffiti defacing exterior walls, and scattered debris throughout. The extent of the damage would lead any reasonably serious person to conclude that this was a cold, calculated attack, carefully coordinated to mark the 11th anniversary of Sept. 11, 2001. Unfortunately for the American people, the Obama-Clinton-Rice cabal that led to the Benghazi cover-up was
Just how much do many Hollywood liberals hate conservatives? In an interview with Playboy, Ben Affleck said, "When I watch a guy [on film] I know is a big Republican, part of me thinks, I probably wouldn’t like this person if I met him": PLAYBOY: You developed a political profile campaigning for presidential candidates Al Gore, John Kerry and Barack Obama. How did that come about? AFFLECK: I grew up in a house with a mother who was a teacher and a Freedom Rider—very left-wing Democrats living in a heterogeneous working-class neighborhood. I picked up a lot of those values there, and I
MSNBC host Melissa Harris-Perry opened her program over the weekend with a commentary about the Affordable Care Act’s colloquial moniker: “Obamacare.” She said that the word was originally created as a “derogatory term,” designed by white men as a way to delegitimize President Barack Obama and his achievement. However, she said that the term will soon be synonymous with all of Obama’s accomplishments and she urged her audience to use the term with pride. “I want to talk today about a controversial word. It’s a word that has been with us for years, and like it or not, it’s indelibly
President Obama, former president George W. Bush and their wives departed Washington Monday morning on Air Force One on their way to a memorial service in South Africa for Nelson Mandela. The president and first lady Michelle Obama are being accompanied by Mr. Bush, former first lady Laura Bush and former Secretary of State Hillary Rodham Clinton on the flight to Johannesburg. A four-hour memorial service will be held on Tuesday for South Africa’s first black president. Mr. Mandela, the anti-apartheid revolutionary, died on Thursday at age 95. Former President Bill Clinton and daughter Chelsea are traveling separately to South Africa. Former President