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Coming Next: The Social Security Cliff
Investor´s Business Daily, by Editorial
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Original Article
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Posted By:PageTurner, 12/28/2012 9:26:09 AM
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| 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,
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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.
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Reply 1 - Posted by:
ruready?, 12/28/2012 9:38:19 AM (No. 9087276)
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.
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Reply 2 - Posted by:
Blue-Z-Anna, 12/28/2012 9:45:27 AM (No. 9087293)
Garden big.
Re-load your own.
Dig a well.
Consider a hen-house.
Fruit trees are nice.
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Reply 3 - Posted by:
Coy860, 12/28/2012 9:59:59 AM (No. 9087315)
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.
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Reply 4 - Posted by:
pomom, 12/28/2012 10:04:10 AM (No. 9087320)
When weekly jobless claims are in the 350,000 range, is it any wonder that this is happening? No one´s paying into the SS system and the fund has been raided into oblivion.
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Reply 5 - Posted by:
Vivi, 12/28/2012 10:34:24 AM (No. 9087390)
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.
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Reply 6 - Posted by:
pgvoisin, 12/28/2012 10:52:48 AM (No. 9087425)
Congress makes the Law. Main Street follows the Law. Wall Street breaks the Law.
Washington exempts themselves from having to follow the Law or being held to account when the Law does not work.
The MSM lies to us about all of this so we have ended up with a brainwashed electorate:
28% eligible voters (for big government dictating to) 26% eligible voters (for smaller government) 46% eligible voters (who won’t vote for anything).
The Tyranny of the Minority is destroying our children’s financial future!
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Reply 7 - Posted by:
franq, 12/28/2012 10:59:54 AM (No. 9087441)
Right, #5. Cash my wife and I out and I will turn the proceeds into a growing fund. But that won´t happen, because it´s not there anymore. Thievery and a Ponzi scheme is all SS is.
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Reply 8 - Posted by:
Safari Man, 12/28/2012 11:51:10 AM (No. 9087526)
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.
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Reply 9 - Posted by:
strike3, 12/28/2012 12:54:03 PM (No. 9087629)
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.
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Reply 10 - Posted by:
49 Ford, 12/28/2012 1:52:00 PM (No. 9087693)
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.
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Reply 11 - Posted by:
retcpo, 12/28/2012 4:39:01 PM (No. 9087866)
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.
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Most Recent Articles posted by "PageTurner"
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Maduro wins Venezuela´s election with 51 percent of votes
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Reuters, by Staff
Original Article
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Posted By: PageTurner- 4/15/2013 12:11:33 AM
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CARACAS - Ruling party candidate Nicolas Maduro won Venezuela´s presidential election on Sunday with 51 percent of votes, the electoral authority said, allowing him to carry forward the socialist policies of the late Hugo Chavez. Maduro´s young challenger, Miranda state Governor Henrique Capriles, took 49 percent of the ballots, the authority said, in a tighter-than-expected vote.
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Six strangled, one decapitated in Mexican resort of Cancun
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Reuters, by Gabriel Stargardter
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Posted By: PageTurner- 4/14/2013 11:35:22 PM
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CANCUN, Mexico - Six people were strangled to death and one decapitated in the southern Mexican tourist resort of Cancun on Sunday, the state´s deputy attorney general said, in the latest mass killing to strike the city in the last few weeks. Police found the bodies of the five men and two women in a shack in the outskirts of Cancun, a major tourist destination on Mexico´s Caribbean coast, that has largely escaped the drug-related violence that has racked Acapulco, a faded tourist destination on the Pacific coast.
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How Thatcher Changed Hearts And Minds Behind The Iron Curtain
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PJ Media, by Oleg Atbashian
Original Article
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Posted By: PageTurner- 4/14/2013 11:29:15 AM
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It wasn’t just Margaret Thatcher’s steadfast economic and foreign policies that helped to defeat the Evil Empire and to bring down the Iron Curtain. She also changed hearts and minds — and this PJ Media author, who grew up on the other side of the Iron Curtain, has a personal story to tell. As many Soviet kids did in the 1970s and 1980s, I occasionally tuned my shortwave radio to Voice of America or the BBC Russian Service, hoping to hear their alternative take on world events and, if I was lucky, get the latest rock-music updates.
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If President Barack Obama had a son, would he look like any of the babies Kermit Gosnell beheaded?
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Daily Caller, by Jim Treacher
Original Article
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Posted By: PageTurner- 4/13/2013 2:17:54 AM
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If you don’t know who Kermit Gosnell is, that’s because you read the New York Times and Politico.com, and you watch network news. Gosnell is a Philadelphia abortionist who’s currently on trial for murder. Multiple counts. The media hasn’t had much interest in him — including, yes, the Daily Caller — and more and more people are starting to wonder why. I’ve been trying to think of what to say about it, but it’s so horrific that I can barely wrap my head around it. Kirsten Powers, writing in USA Today, does a great job of
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London braces for violence ahead of Margaret Thatcher´s funeral
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NBC News, by Alastair Jamieson and Michele Neubert
Original Article
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Posted By: PageTurner- 4/12/2013 10:35:02 PM
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LONDON - Police were on standby for street violence after protesters pledged to "celebrate" the death of former British Prime Minister Margaret Thatcher with a party at the scene of a 1990 riot against one of her most unpopular policies. Senior police officers have already launched an operation to prevent disorder surrounding her televised funeral at St Paul’s Cathedral on Wednesday, which is due to be attended by Britain’s queen and world leaders. Every living former U.S. president is invited. With tight security around the official event, protest groups have threatened to gather on Saturday in London’s Trafalgar Square,
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Former worker testifies that Dr. Kermit Gosnell snipped the spines of moving babies following abortions at Philadelphia clinic
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New York Daily News, by David Knowles
Original Article
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Posted By: PageTurner- 4/11/2013 5:47:37 PM
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Horror found an address in west Philadelphia. The gruesome testimony at the “House of Horrors” murder trial of abortion doctor Kermit Gosnell continued on Thursday, with two former employees describing scenes that strained the imagination. Ashley Baldwin, who began working at the cash-only Women’s Medical Society clinic in west Philadelphia when she was just 15, said that she routinely assisted Gosnell with abortions and, on five different occasions, saw babies moving following the procedure. In one case, Baldwin, who is now 22 and the mother of her own toddler, testified that she witnessed an aborted baby “screeching,” the Philadelphia
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Nate Thayer Disinvited from HuffPo TV Appearance
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New York Observer, by Murray Waas
Original Article
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Posted By: PageTurner- 4/11/2013 5:35:44 PM
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Nate Thayer recently became a hero to an entire generation of underappreciated, underpaid–and more importantly often unpaid–journalists just scraping by when he made public emails from an Atlantic editor asking him to work for free. With even our most highly remunerated writers, including Scott Turow, speaking out about their writing being pilfered, Thayer struck a chord. “We unfortunately can’t pay you for it, but we do reach 13 million readers a month,” an Atlantic.com editor, Olga Khazan, emailed him after reading a piece that Thayer had already written elsewhere. Thayer turned down the offer,
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Details of Lady Thatcher’s funeral; Cristina Fernandez not in the invite list
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MercoPress [Montevideo, Uruguay], by Staff
Original Article
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Posted By: PageTurner- 4/11/2013 5:28:52 PM
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Britain has decided not to invite Argentine President Cristina Kirchner to the funeral of former Prime Minister Margaret Thatcher, Downing Street said on Thursday. The decision follows on a special request from the Thatcher family. The UK government is still finalizing the list of foreign dignitaries who will receive invitations to the ceremonial funeral next Wednesday of the “Iron Lady”, who successfully led Britain into a war to expel Argentine forces that invaded the Falkland Islands in 1982. Prime Minister David Cameron´s Downing Street office said that some current world leaders would be invited, but Cristina Fernandez,
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Pinochet followers call Lady Thatcher an “extraordinary world stateswoman”
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MercoPress [Montevideo, Uruguay], by Staff
Original Article
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Posted By: PageTurner- 4/11/2013 5:25:30 PM
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Followers of the late Chilean dictator Augusto Pinocher published two obituaries in the country’s leading newspaper expressing their condolences on the death of the former British Prime Minister Margaret Thatcher, whom they describe as “an extraordinary stateswoman” and friend of Chile “in very difficult moments in recent history” The two obituaries published in El Mercurio, one is signed by the President Pinochet Foundation and the second by the board from the foundation are full of praise for Lady Thatcher and extend their condolence to the Thatcher family and the British government and people.
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Outside Venezuela´s capital, power outages, food shortages, unfinished projects abound
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Associated Press, by Staff
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Posted By: PageTurner- 4/11/2013 2:37:03 PM
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VALENCIA, Venezuela – It´s just after nightfall and the power is out again in untold hundreds of thousands — probably millions — of Venezuelan homes. If the government knows how many, it´s not saying. It hasn´t issued reports on problems in the public power grid since 2010. In Venezuela´s third-largest city, Pedro Martinez dons a shirt for visitors drawn by the flicker of candles inside his one-story, cement-block house in a middle-class district. The Caribbean heat is sticky thick inside. A mesh hammock hangs by the front door. "This happens nearly every day," Martinez says of the blackout,
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Not an Isolated Incident: US Army Officer Smears Christian Groups In Email to Subordinates
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Breitbart News, by Debra Heine
Original Article
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Posted By: PageTurner- 4/10/2013 5:36:57 PM
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A few days ago, I reported on the shocking story about the Army instructor in Pennsylvania who labeled Evangelical Christians, Catholics, Orthodox Jews and Mormons "religious extremists" alongside Hamas and al Qaeda during an Army Reserve Equal Opportunity training brief on extremism. An Army spokesman told Todd Starnes of Fox News that this was an “isolated incident not condoned by the Dept. of the Army.” It was not an isolated incident. Today, Todd Starnes reports at Townhall that an Army officer at Ft. Campbell, KY recently sent an email to subordinates using similar descriptions to describe two mainstream Christian ministries
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Mark Levin: ‘Fascist’ GOP congressman is trying to have his show pulled off air
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Daily Caller, by Jeff Poor
Original Article
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Posted By: KarenJ1- 4/14/2013 9:22:21 AM
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On his Friday show, syndicated talk show host Mark Levin said that a Republican congressman is attempting to persuade one of his affiliates to remove his show from the airwaves. Although Levin would not offer the congressman’s name on air, he has been a vocal critic of various members of the House Republican leadership in the past. But Levin called the situation “fascism.” “Well, it has come to my attention that there is a Republican congressman out there who doesn’t like what I’ve been saying,” Levin said. “It has come to my attention that there is a
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The Golf World Is Outraged That Tiger Woods Didn´t Get Disqualified
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Business Insider, by Tony Manfred
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Posted By: SoCalGal- 4/13/2013 1:56:27 PM
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Pro golfers, golf writers, and TV commentators are up in arms that Tiger Woods was only given a 2-stroke penalty for his illegal drop on the 15th hole yesterday. Tiger said last night that he dropped his ball two yards behind his previous spot, clearly violating the rule that you must drop "as nearly as possible" to your original spot. Golf people are not happy about it. They say that the new rule is B.S. (or it´s at least being misinterpreted), and Tiger should DQ himself to save the integrity of the game.
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Tip Line: Did Your Editor Spike Kermit Gosnell Coverage? Report It Here Anonymously
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PJ Media, by Staff
Original Article
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Posted By: Dreadnought- 4/13/2013 11:58:10 PM
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Few Americans can not answer this question: who is the worst domestic mass murderer in United States’ history? Due to the United States media, most are aware that Timothy McVeigh slaughtered 168 people with a bomb in 1995. Most Americans also know the names of our three most monstrous serial killers: “The Green River Killer” Gary Ridgeway, Ted Bundy, John Wayne Gacy. The U.S. media is again responsible for the general awareness of these men; these stories deserved — and received — national attention due to our common interest in personal safety, the rule of law
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From Dehumanizing Word Games to Gosnell
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National Review Online, by Andrew C. McCarthy
Original Article
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Posted By: StormCnter- 4/13/2013 6:07:01 AM
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In Philadelphia, at a human abattoir on Lancaster Avenue, is where it ends, not where it starts. It starts with the perversion of language. It starts when the icons of a dissipated culture reduce a baby to a “fetus.” From there, Yeats’s blood-dimmed tide rolls rapidly in. Before long, a baby is not a person but a punishment, as President Barack Obama framed the matter in his familiar off-the-cuff iciness. Of course, to describe newborn children in their boundless possibilities and wonder would be to acknowledge, foremost, their humanity. That is why, instead, abortion enthusiasts must grope for words
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Why Aren’t More People Repelled by the Left?
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Power Line, by John Hinderaker
Original Article
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Posted By: StormCnter- 4/14/2013 6:12:20 AM
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Here is something I don’t understand: liberals are often revealed as vile, vulgar hatemongers–not all of them, of course, but far too many–yet they never seem to pay a penalty at the polls. Why is that? Margaret Thatcher’s death has been the latest occasion for the Left to show its true stripes. All across the U.K., there have been demonstrations–vulgar at best, and violent at worst. In Bristol, lefties celebrating a Thatcher “death street party” started fires, destroyed property and battled police: This evening in Trafalgar Square, liberals have turned out for a long-planned celebration of Thatcher’s death:
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The Decline of Obama
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Weekly Standard, by Fred Barnes
Original Article
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Posted By: StormCnter- 4/13/2013 5:13:17 AM
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With President Obama, there’s always a catch. In the 2014 budget he announced last week, Obama proposed a more accurate way of calculating the inflation rate for annual cost-of-living increases in Social Security. It’s a technical change in pursuit of honesty and good government. And if adopted, it would cause benefits to grow more slowly, though almost imperceptibly so. Republican leaders in Congress ought to be delighted since they had “championed”—Obama’s word—the idea in the first place. Then came the catch. The president’s price for adopting this gentle reform was hundreds of billions in new tax increases.
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1,500 Page Immigration Bill to Drop One Day Before Only Hearing?
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Breitbart Big Government, by Matthew Boyle
Original Article
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Posted By: JoniTx- 4/13/2013 4:29:08 PM
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According to an ABC News report, senators from the bipartisan “Gang of Eight” pushing immigration reform are expected to drop their bill, estimated at around 1,500 pages, on Tuesday, mere hours before the only scheduled Senate hearing on the topic. “A bipartisan group of senators plans to introduce its long-awaited immigration bill on Tuesday, Senate sources confirmed to ABC News,” Jim Avila and Jordan Fabian wrote on Friday. “Four Democrats and four Republicans, known as the ´Gang of Eight,´ wrapped up months of hard-fought negotiations this week and will put forth a bill that includes a pathway
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Exclusive: Newtown shooter Adam Lanza taunted and beaten by fellow students when he attended Sandy Hook Elementary School, relative reveals
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New York Daily News, by Matthew Lysiak & Larry Mcshane
Original Article
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Posted By: JoniTx- 4/14/2013 10:33:17 AM
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Newtown killer Adam Lanza’s mother considered suing Sandy Hook Elementary School after teachers turned a blind eye to beatings from his classmates, a family member claims. The relative, speaking to the Daily News, claimed that mass murderer Lanza was taunted and attacked by fellow students at his childhood alma mater. “Nancy felt fiercely protective of him,” the relative said. “She was convinced the school wasn’t doing enough to protect Adam. It made her irate.” Nancy Lanza — gunned down by her 20-year-son to start his Dec. 14 rampage — even tagged along with Adam to school
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Rubio Offers Full-Throated Support for Immigration Bill
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New York Times, by Brian Knowlton
Original Article
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Posted By: LittleHoodedMonk- 4/14/2013 5:33:09 PM
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The impending introduction of legislation to overhaul the country’s badly strained immigration system received an extraordinary endorsement on Sunday from Senator Marco Rubio, Republican of Florida, who, after holding back for weeks, appeared on no fewer than seven television talk shows to explain and defend a plan that he said would be “a net positive for the country, now and in the future.” It was a striking show of confidence from Mr. Rubio, one of eight members of a bipartisan Senate group that has been crafting a plan to provide a path to legal status for undocumented immigrants;
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Senate plan would make clogging left lane a ticketable offense
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Tampa Tribune, by Bill Cotterell
Original Article
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Posted By: Hazymac- 4/13/2013 11:04:13 AM
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TALLAHASSEE - Picture this: You´re in the left lane of the interstate, driving a little below the speed limit, when some guy zips up behind you and swerves past you on the right. Then you notice the blue lights flashing. You´re savoring the satisfaction of seeing a trooper actually nab an aggressive driver — until you realize it´s you he´s pulling over. This could happen, if not very often, under a major transportation package expected to be taken up in the Senate Appropriations Committee next week. Introduced by Sen. Jeff Brandes, a St. Petersburg Republican, the bill is a 173-page
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Obama’s plan hatched at Columbia University
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Human Events, by Wayne Root
Original Article
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Posted By: EnsignO- 4/14/2013 12:55:47 PM
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President Obama and I were college classmate at Columbia University, class of ’83. I know all too well how mindlessly liberal the students and faculty of that institution can be, and Barack Obama is certainly no exception. My time at Columbia made it crystal clear: liberals always believe they are morally superior. [Snip] It is in this cesspool of intolerance that Obama and his Marxist cronies hatched a secret plan to destroy our country. There are two things you need to know about Obama at Columbia University. First, he was Pre Law and a Political Science major- just like me.
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