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.
Jennifer Aniston has never appreciated people prying into her personal life -- least of all Katie Couric, who hosts her own syndicated daytime talk show. During a July 31 appearance on E!´s Chelsea Lately, Aniston dissed the 56-year-old TV personality and debunked a recent tabloid rumor about life with Justin Theroux. Aniston´s BFF Chelsea Handler began by reading an except from a recent magazine article which claimed the couple are nudists: "Jen´s started to embrace her curves at home since longtime lover, nudist Justin, has persuaded her to join in on the fun," the comedienne read.
Drew Johnson, the editorial page editor of the Chattanooga Times Free Press was fired after 14 months on the job for publishing an editorial with a headline that read: "Take your jobs plan and shove it, Mr. President." The editorial ran Tuesday, the same day Obama visited Chattanooga. The powers-that-be posted a notice Thursday explaining the firing: The headline was inappropriate for this newspaper. It was not the original headline approved for publication, and Johnson violated the normal editing process when he changed the headline. The newspaper’s decision to terminate Johnson had nothing to do with the content of the editorial,
"Larry Summers believes that less fiscal austerity is the low-hanging fruit on stabilization and full-employment policy right now." - Brad DeLong, Wall Street Journal, July 31, 2013 The late William F. Buckley famously observed that he would take being ruled by the first 100 names in the Boston phone book over the faculties at Harvard and MIT. Full of book smart people with nosebleed IQs, the simple truth is that professors are the people who can´t. The above is particularly true when it comes to something as basic as economics. Economics is ultimately about growth,
Fourteen people died and over 30 were injured in a car accident on Wednesday after a bus and a truck crashed head-on and caught fire. The occurrence took place in the state of Guárico, central north Venezuela, the director of the Civil Protection Agency, Luis Díaz Curbelo, informed. The injured were taken to a local hospital and other nearby health centers, Díaz stated. One of the injured was taken to the northern state of Aragua given his serious health conditions caused by multiple burns. The causes of the accident were attributed to the rain and driving over the speed limit.
Paraguayan president Federico Franco replied to his Uruguayan peer Jose Mujica ironic remarks saying that ‘evidently he’s good at geography; I guess he passed with the highest grades’ since he is aware that Paraguay is a landlocked ‘Mediterranean’ country. President Mujica besides calling on suspended Paraguay to return with ‘intelligence and pragmatism’ to Mercosur and waning about the fact that the landlocked country needs of the Parana River and the River Plate for a sea outlet, ironically stated Uruguay was willing to grant Paraguay all the rotating Mercosur presidencies
Billionaire Russian businessman Gennady Timchenko, a long-time associate of Russian President Vladimir Putin, plans to seek U.S. government-backed funding to buy luxury aircraft, Reuters has learned. To smooth the path for financial backing from the U.S. Export-Import Bank and allay possible U.S. government concerns about him, Timchenko hired lobbyists from powerhouse Washington law firm Patton Boggs, according to emails and documents viewed by Reuters. Timchenko plans to ask Ex-Im Bank for a loan guarantee to buy as many as 11 aircraft
The White House has kicked off several federal projects aimed at influencing how Americans react to certain policy reforms, going so far as to solicit behavior experts to join a British-style “Behavioral Insights Team” to help nudge voters into accepting key political programs. “Behavioral sciences can be used to help design public policies that work better, cost less and help people to achieve their goals,” a document on the government program states, Fox News reported. The document, emailed by White House senior adviser Maya Shankar and obtained by Fox News, also seeks applicants to join the federal government’s behavior modification team.
HUNTSVILLE, Alabama - A reporter at a Huntsville television station has been fired for what she said was a humorous look at her job on her personal blog. Shea Allen, a special investigations reporter at WAAY-TV Channel 31, told The Huntsville Times/al.com today that the blog post - in which, among other things, she claimed to have "gone bra-less" during on-air appearances - has drawn national attention. It´s not the sort of attention she wanted, however. "I do not want to be a joke," Allen said. "I am a journalist through and through. I believe in what I do.
MASSIVE HACKING. An in-depth report is revealed in the newsletter of Inside Telecom led by Víctor Suárez, with William Peña as the Editor. Both of them are renowned journalists in the technology area. I quote: "The evening of July 23, the Venezuelan Hackers, identified as the local chapter of Anonymous, disseminated the hacking of a number of websites of Venezuelan government agencies in protest against what they call the fraudulent and unwise presidential exercise by Nicolás Maduro. Their motto was ´no protest is small, but protesting hearts are big.´" Under the hashtags #A100DiasdelFraude (#A100Days of Fraud)
The Catholic cathedral in the Chilean capital Santiago is to remain closed for five days after it was vandalised by pro-abortion activists on Thursday. About 5,000 protesters marched through Santiago in support of an 11-year-old girl who was raped, fell pregnant and is not allowed to have an abortion. Some 100 demonstrators entered the cathedral, wrecking confessional booths and shouting insults at worshippers. Abortion, even for medical reasons or in cases of rape, is illegal in Chile. It was banned during the rule of Gen Augusto Pinochet, the military dictator who governed Chile from 1973 to 1990. Chilean President Sebastian Pinera
The idea of a ‘workerist government´ has been peddled in Venezuela for some years now. The late Hugo Chávez did it, and President Nicolás Maduro is persistent about it. But what do they mean by this notion? One would take that to mean that all conflicts related to labor liabilities have been settled, or that the minimum wage keeps up with inflation, or that the social security system works. Unfortunately, reality gets in the way. The government keeps huge debts with public sector workers as reported by workers themselves. Strikes, labor disputes,
Gunmen have killed one of Mexico´s highest ranking navy officials in the western state of Michoacan, where the military is trying to regain control of areas dominated by warring drug gangs. Vice Adm Carlos Salazar was ambushed on an unpaved road near the town of Churintzio. His car had been diverted from the main road by protesters believed to have been hired by the gunmen. The attack comes days after two police officers were killed in another ambush.
Colin Powell has admitted to exchanging ´very personal´ emails with a Romanian diplomat but denies having an affair with the much younger woman after a hacker threatened to release their intimate messages. The 76-year-old retired general told the Smoking Gun that he met Corina Cretu, 45, roughly 10 years ago when she was working as an assistant to the president of Romania. She is now a member of the European Parliament. ´After I left the Department of State in January 2005 we stayed in touch via email,´ he told TSG.
Mark Levin, who hosts one of America´s top radio talk shows and is considered by supporters to be the people´s pundit on the Constitution, is rallying his 8.5 million-strong audience to demand an historic convention of state governments to halt the "oppressive power" of the federal government. The author of two New York Times bestsellers on the threats to the Constitution, Levin hopes his latest, "The Liberty Amendments," out mid-August, will spark the state lawmakers to tap a rarely used Constitutional provision to institute measures that would brake President Obama´s use of executive orders, bar thousand-page laws and
CNN has uncovered exclusive new information about what is allegedly happening at the CIA, in the wake of the deadly Benghazi terror attack. Four Americans, including Ambassador Christopher Stevens, were killed in the assault by armed militants last September 11 in eastern Libya. Sources now tell CNN dozens of people working for the CIA were on the ground that night, and that the agency is going to great lengths to make sure whatever it was doing, remains a secret. CNN has learned the CIA is involved in what one source calls an unprecedented attempt to keep the spy
The former commander of special operations in Northern Africa told a closed-door briefing today that he was largely detached from events the night of the Benghazi attack as he was traveling at the time. The testimony of Col. George H. Bristol, USMC, Former Commander, Joint Special Operations Task Force-Trans Sahara, Marine Corps Forces Special Operations Command Africa, had been eagerly anticipated by members of Congress. Originally, lawmakers had been told by the Defense Department that he had retired — the actual date is Aug. 1, an “administrative error” according to the Pentagon — and that they didn’t have
Arizona Sen. John McCain was the Republican Party´s 2008 presidential nominee and he still wants the keys to the Oval Office. But he is beginning to sound more like a fan of likely 2016 Democratic presidential candidate Hillary Clinton. "She´s a rock star," he said in a newly released interview. "She has, maybe not glamour, but certainly the aura of someone widely regarded throughout the world," he added in a reference to her work as secretary of State. McCain, reportedly trying to win back his reputation as a GOP maverick, was asked by the New Republic
Serial sexter Anthony Weiner’s wife partly blamed herself last year when her horndog husband confessed to her that he was at it again. Friends and family told People magazine that Huma Abedin was kicking herself at the time for bailing out of couples counseling and focusing more on their newborn baby boy. But, thanks to a new round of joint therapy that continues even now, the couple was able to put the relapse behind them. “They really became a unit, and she feels much closer to Anthony now,” a relative told the magazine. That’s a long way from how Abedin
In preparation for the release of Oscar-bait film The Butler, Forest Whitaker, Oprah Winfrey, and director Lee Daniels (Precious) sat down with Parade magazine. The film chronicles a butler (Whitaker) who works in the White House through seven administrations. Winfrey plays the butler’s wife. In the interview, Winfrey explained her sadness that so few Americans know about the history of the civil rights movement: “They don’t know diddly-squat. Diddly-squat.” She then said of the historic use of the n-word, “I always think of the millions of people who heard that as their last
The United States will temporarily shut down its embassies and consulates around the world Sunday, including those in Iraq, Afghanistan and Egypt, as a precautionary measure, the State Department said Thursday. State Department spokeswoman Marie Harf did not say how long the international installations would stay closed -- only that the decision was taken “out of an abundance of caution and care for our employees and others who may be visiting.” Sunday is a normal workday in many Arab and Middle Eastern countries. Embassies in Europe and Latin America would be shuttered that day anyway.
If we learned anything about Barack Obama in his first term it is that when he starts repeating the same idea over and over, what´s on his mind is something else. The first term´s over-and-over subject was "the wealthiest 1%." Past some point, people wondered why he kept beating these half-dead horses. After the election, we knew. It was to propagandize the targeted voting base that would provide his 4% popular-vote margin of victory—very young voters and minorities. They believed. He won. The second-term over-and-over, elevated in his summer speech tour, is the shafting of the middle class. But
American scientists claim the planet is undergoing one of the largest changes in climate in the past 65 million years. Climatologists at Stanford Woods Institute for the Environment have warned the likely rate of change over the next century will be at least 10 times quicker than any climate shift since the dinosaurs became extinct. If the trend continues at its current rapid pace, it will place significant stress on terrestrial ecosystems around the world, and many species will need to make behavioral, evolutionary or geographic adaptations to survive, they said.
[Video] Ouch. New Jersey Gov. Chris Christie turned down an offer by Sen. Rand Paul to join him for a beer and bury the hatchet in their ongoing -- and very public -- feud. "I´m running for re-election in New Jersey. I don´t really have time for that at the moment," Christie said in an interview on a local radio station. The New Jersey governor said if he finds himself in Washington, "I´ll certainly look him up." But he added: "I don´t suspect I´ll be there anytime soon. I´ve got work to do here."
Hollywood actor Kevin Spacey — whose most recent work includes the psychological thriller, “House of Cards,” about an unethical congressman — said in a recent interview that most Americans just aren’t grasping President Obama’s greatness. “President Obama will go down as having passed some of the most historic bills in the history of this country,” he said, in a recent talk with Hot Press magazine. “That despite constant knee-jerk opposition from the Republicans. A lot of people don’t realize how much he’s done in the most difficult circumstances.” Mr. Spacey is far less appreciative of Congress. “It’s maybe interesting