Tag Archive: Social Security

The Tax Man Cometh Again

Remember, as you read through these stories, the cardinal rule of government: everything you have is theirs. If you have such a thing as “take-home pay” it’s only because of their generosity in allowing you to take it home. Sort of the way a highwayman might let you keep enough bread to feed your family while stealing everything else.

First, Chicago. The city of Chicago has figured out what every economist knows: when … Read more

When Is A Cut Not A Cut?

When it’s a program we like. A couple of Republicans have proposed a change to the budget — eliminating the sequester on the military in exchange for chained CPI for Social Security. It’s not going anywhere, but it does serve to highlight the cognitive dissonance that defines the Left:

Reps. Jim Bridenstine (R-Okla.) and Doug Lamborn (R-Colo.) are introducing the Provide for the Common Defense Act on Tuesday. The legislation would cancel out the

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The Unserious GOP

Ladies and gentlemen, if you want to know why I voted for Gary Johnson this year, here it is in one tweet:

That’s Marco Rubio, rising star of the GOP, boasting that the GOP is refusing to tackle entitlements and insisting that we blame Barack Obama … Read more

California Squeezing

Turns out the unions suffered another defeat Tuesday night:

The most significant election on Tuesday wasn’t in Wisconsin.

It was in San Jose and San Diego, where nearly 70% of citizens voted for public-sector union pension reforms, introduced by Democrats, that could save their cash-strapped cities billions of dollars.

California voters rallying behind pension reforms introduced by mayors shows the sea change in the politics of public-sector unions. Connect the dots between Scott Walker’s decisive

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But the government can do it!

That should be what the defense uses when they mount the defense of Tate George who has been accused of running a Ponzi scheme:

Former NBA player Tate George surrendered on Friday to federal authorities who accuse him of orchestrating a multimillion-dollar Ponzi scheme.

George, who made an iconic shot for UConn against Clemson during the Sweet 16 game of the NCAA tournament in 1990 before moving on to play with the New Jersey

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Playing games and holding us hostage

I am getting real tired of the left’s usual tactic of threatening to, or actually go through with their threats, to cut critical services first whenever budget battles come up. Here in my state of Connecticut, our new democrat governor, in order to pretend he is asking everyone to “share equally in the financial burden”, caused by our legislators – which have been dominated by the left for many decades, with all the usual consequences … Read more

Obama Moves Right

If true, this is pretty stunning:

Here’s what appears to have been in the $4 trillion deal [Obama] offered the Republicans: A two-year increase in the Medicare eligibility age. Chained-CPI, which amounts to a $200 billion cut to Social Security benefits. A tax-reform component that would raise $800 billion and preempt the expiration of the Bush tax cuts — which would mean, for those following along at home, that the deal would only include half

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Social Security system is in deep trouble

As our political class is locked in a fight about government, with one group begging for cuts while the other refuses to let go of the idea that the problem is government isn’t taking enough money already from people, to tackle our out of control spending, one of the items I am afraid isn’t being discussed is the need for serious and massive SS reform. Social Security is in real bad shape. How bad? Well … Read more

A Deal In the Making?

Ugh. What a day today. Not much time to blog. I’m cooking up a post for the weekend, but I’ll pre-season it with Ezra Klein’s wonkbook from this morning:

The Biden group is readying itself for the final sprint towards a debt deal. “Now we’re getting down to the real hard stuff,” Biden told reporters. “I’ll trade you my bicycle for your golf clubs.” The hope is to get to $4 trillion in deficit reduction

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See the trend yet?

Guess what people? It looks like when they went back to look at the numbers, they discovered that the bean counters had yet again been too optimistic. What am I talking about? Well, it seems that the projections for how soon SS and Medicare would run out of money were way too optimistic, and both will implode far sooner.

May 13 (Bloomberg) — Medicare, the U.S. health insurance program for the elderly and disabled,

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