Promises: Social Security ran a $47.8 billion deficit in fiscal 2012, drawing in even less than it paid out last year, with just 1.67 workers supporting each retiree. But instead of confronting the truth, the left still denies reality. According to official Social Security Administration data this week, the program´s incoming cash from the working population and their employers came to $725 billion in fiscal 2012 while it paid out $773 billion in cash and overhead. That´s as the number of retirees and disabled using the system grow 10,000 a day to more than 57 million people currently,
Comments: The Chilean Model - of private accounts - is the only way out of this morass. Yet the GOP is too timid to advocate for it.
Economic collapse is inevitable. Just a matter of when. Don´t waste time with those that stick fingers in ears chanting, "la, la, la, la, la, la". Obama care will be long forgotten by the time we recognize we are looking at the survival cliff. I know it sounds negative to say those things, but they seem inevitable.
And Obama and the Congress will act surprised. The good ole boys club is responsible for this mess. They will wait until the 11th hour to address this too. Government is broken, and it is time to dissolve it and start anew. It is so bloated that no one really knows how much waste there is. End it all, and restart, military first. Then asking if each department is necessary.
Anyone remember the lockbox? We´ve been lied to so often for so long it´s impossible to keep up.
Here´s the thing... just pay me back what my husband and I paid in for decades. I won´t even charge you interest you slimy leftist poser wannabes. And somebody get slick Willy on the phone. He and his triangulating fellow travelers from the nineties have much to answer for.
Not to diminish the seriousness of the SS problem, but Bernanke is printing twice that amount ($84 billion) *every month* to buy bonds so people can use their newly minted cash buy stocks to re-inflate the stock market bubble so as to give Obama more negotiating strength in the cliff talks. I don´t think people realize how inflationary this policy could become. See Weimar Republic in Wikipedia. The people who depend on SS will be very disappointed when their whole SS check buys a couple loaves of bread.
The system was doomed when they started to siphen off chunks of the money for disability. You can´t fake turning 65 but there are tens of thousands out there with newly acquired back and neck injuries.
Good points here, especially that of #8. But in the end we get the government we deserve, and professional politicians know that evasion and irresponsibility will be rewarded by their dumbed down and willfully ignorant constituents. Remember when President Bush led off his second term with an initiative to structurally reform SS? Fat lot of good it did him, or those of us who understand where this thing is going.
Well SS would still be in the black if contributions by current employees had not been cut by more than a third. This is just part of a democrat scheme to have half of the country not only pay no Federal Income Tax, but no tax period.
Combined with the incredible and corrupt increase in disability it would seem, that for whatever reasons the democrats are doing there best to destroy completely that which they vow to protect. Throw in the completely inept and truly dumb repubs and you get to where we are.
The Hawaiian health official who verified the authenticity of President Obama’s birth certificate died in a small plane crash. The plane, carrying a pilot and eight passengers, went down Wednesday in the water off the Hawaiian island of Molokai, the Maui Fire Department said. The Honolulu Star-Advertiser was among the first outlets to report that the lone fatality was Loretta Fuddy. Tom Matsuda, the interim executive director of Hawaii’s health insurance exchange, confirmed Fuddy’s death. Fuddy, 65, became acting health director in January 2011. After being confirmed as the permanent health director, Fuddy made news in April 2011 when she verified the
An officer serving with the Arizona Department of Public Safety for nearly 13 years resigned Monday following the discovery that she was living in the United States illegally, News 4 Tucson is reporting. From News 4 Tucson: The News 4 Tucson Investigators discovered that officer, Carmen Figueroa, has actually been working for DPS for about 13 years, possibly by using a fake or forged birth certificate. One of Figueroa´s past duties was Public Information Officer or spokesperson for the department.
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
New York — The anchor who might beat Bill O’Reilly gets her eyelash extensions applied one at a time, with tweezers and dabs of glue, about 90 minutes before showtime, right after a motorized gun sprays foundation over her face, neck, shoulders, collarbone and sternum, wiping out a galaxy of light freckles that spreads across her — Let me stop you right there. Photos of the day Uruguay legalizes marijuana, Kiev police pull back from protesters, aging U.S. prison population and more. Tuesday´s Photos of the day Would you write this way about a man? About O’Reilly himself? At least that’s what Megyn Kelly might ask at
In August 2013 I became very sick with what I thought was a cold. After a few days I lost vision in my left eye and I checked into the hospital. I soon found out that what I thought was a summer cold was actually Strep bacteria poisoning my blood stream. The bacteria blinded my left eye, ate a hole through my heart, caused five strokes on both sides of my brain and forced the removal of my prosthetic left knee. Dr. Lee was the surgeon assigned to perform open heart surgery. What was originally scheduled to last four hours ended
When I was a kid, I knew two different Santa Clauses. The first had a fat belly, rosy cheeks, a long white beard, and skin as pink as bubble gum. He was omnipresent, visiting my pre-school and the local mall, visible in all of my favorite Christmas specials. Then there was the Santa in my family’s household, in the form of ornaments, cards, and holiday figurines. A near-carbon copy of the first one—big belly, rosy cheeks, long white beard: check, check, check. But his skin was as dark as mine. Seeing two different Santas was bewildering. Eventually I asked my father what
The health director who approved the release of President Obama’s birth certificate has died in a plane crash, Hawaiian officials said Thursday. Loretta Fuddy died after the Cessna Grand Caravan aircraft she was travelling on went down shortly after leaving Kalaupapa Airport at around 3:15 p.m. local time (10:15 a.m. ET) on Wednesday. The other eight people on board were rescued, Richard Schuman, president of Makani Kai Air, told NBC News early Thursday, adding that that there was no indication as to why the plane had crashed. Fuddy hit the headlines two years ago when she approved a waiver request allowing Obama to
House Speaker John Boehner (R-Ohio) snapped at conservative groups that have come out in opposition to the budget deal reached Wednesday between Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.). "They´re using the American people for their own purposes. This is ridiculous," Boehner said at a press conference with other members of House Republican leadership on Wednesday. Over the past few days, a number of conservative groups have blasted the deal because it sets discretionary spending levels in the budget higher than previous levels under sequestration. In the past three days, the influential Heritage Action, Club for Growth, Americans
Fox News host Megyn Kelly has made herself the center of a racial controversy by declaring that Jesus Christ and Santa Claus are white. On Wednesday night, Kelly was responding to an article by Slate writer Aisha Harris, who wrote an article entitled “ Santa Claus Should Not Be a White Man Anymore .” The popular news host told viewers of “The Kelly File,” her hit FNC program, “When I saw this headline, I kinda laughed and I said, ‘Oh, this is ridiculous. Yet another person claiming it´s racist to have a white Santa.’ And by the way, for all you kids
Views of the tea party are at all-time lows in a new poll, as primary challenges to establishment Republicans continue to heat up Washington. Just 30 percent of Americans view the tea party favorably in a new Gallup poll released Wednesday, the movement’s lowest point since Gallup began polling about it during its rise in 2010. Also in a first, a majority of Americans had an unfavorable view of the tea party, at 51 percent. Similar numbers of respondents described themselves as proponents or opponents of the tea party: Twenty-two percent identified themselves as tea party supporters, while 24 percent said they