Posts tagged as:

social security

If it’s Comprehensive, Throw it Out

February 18, 2010

Victor Davis Hansen has written a piece entitled Beware of ‘Comprehensive’ Anything, in which he details how Comprehensive legislation rarely becomes law, and any that does is usually disastrous.  Just take a look at the ‘Comprehensive’ bills or strategies we’ve had in the past few years:

Comprehensive health care reform
Comprehensive climate change reform (cap-and-trade)
Comprehensive reset of [...]

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The Pending Collapse of Social Security – Today

February 2, 2010

Back in 2005, with President George W. Bush at a high point having just won re-election, he pushed Social Security reform as his top policy initiative.  That initiative ultimately failed, and cost him much of the political capital that he had gained from winning in 2004.  Besides the obvious points of not selling the solution [...]

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A Warning from Peggy Noonan

January 8, 2010

We could all sense over the last year or two that Peggy Noonan has wandered a bit from the reservation.  She caught a touch of Obama fever a year ago and began sounding like the perfect example of the kind of Republican who was getting ready to drift in the glorious minority for a generation [...]

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Housing Bubble, Take 2

September 25, 2009

We all know that the sub-prime mortgage mess precipitated a housing bubble that got us into this economic disaster we now find ourselves in.  Yet while many are trying to convince us that the economy is recovering, further disaster looms on the horizon.  Without getting into the whole dangerous situation that the massive amount of [...]

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Social Security’s Flat COLA

August 24, 2009

It’s funny.  Some of the veteran teachers I work with indicated last November that the largest pay increases they ever received occurred during Reagan and Dubya’s time in office; that in fact when Dems are in the White House, raises were more like meager cost of living adjustments which ended up netting less than the [...]

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“Mr. Doom” Gerald Celente Returns!

August 23, 2009

Perusing the web today, I found this video of Trends Research’s Gerald Celente on Hot Air, and thought it was worth posting here too.  This guy is great!  He pulls no punches and tells it like he sees it.  He had been forecasting doom and gloom for the housing market years ago based on trends [...]

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Alone on Obamacare

August 19, 2009

Word has it from various sources that the Democrats, reading the cards (the lightning-struck Tower probably), are ready to forget bipartisan support for Obamacare and may jam it through anyway.  All this blaming of Republicans for obstructionism is laughable since with a clear majority in the House and a filibuster-proof Senate, the Dems can do anything they [...]

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The American Financial Collapse

May 13, 2009

Early yesterday I wrote about the current crisis in the U.S. Fiscal system in the areas of unemployment and our national debt, and how they are leading indicators towards a major financial collapse.  Today, there are several pieces of news that add credence to that theory.  First, the April retail sales and foreclosure numbers were [...]

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Obama Still Defies the Odds

March 6, 2009

Odds are that a President who has done more than any single President in our history to rattle the markets and obliterate retirement accounts every time he opens his mouth would not be very popular.  However, Obama remains very high in the polls despite his War on Capitalism.   
Michael Boskin, writing in the WSJ Online Oped had this to say about the [...]

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Had Enough of TARP? Here Comes BARF!

January 30, 2009

First, there was the “Troubled Asset Relief Program” (TARP) which was the first nauseating bailout last fall.  Well, tax-cheat and Treasury Secretary Tim Geithner has an idea about what to do now that TARP has not really helped get the markets moving:  what Liz Moyer calls “BARF”, or the Bad Asset Repository Fund! 
Here’s the basic [...]

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The Real Ponzi Scheme

December 16, 2008

The news surrounding  the scam perpetrated by Bernard Madoff has been widely publicized in the last few days.  Madoff, using the classic Ponzi scheme, defrauded investors of over $50 billion dollars, possibly the largest private-sector scandal, and certainly the largest private-sector Ponzi scheme in history (of course, Washington stands by to give Madoff’s victims a [...]

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The Economic anti-stimulus Package

January 24, 2008

President Bush and Congress are close to a deal on a $150 billion economic “stimulus” package.  The package includes a temporary suspension of the 10% income bracket, meaning that everyone who fell in this bracket would receive up to $800 ($1200 for married couples) in the form of a rebate.  In addition, the plan would [...]

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