Post Tagged with: "retirement"

September 10, 2012 05:50

FED Action Delays Retirement – Means Fewer Jobs for Young Workers

There is not a chance in hell that younger workers are going to prosper looking at this chart. As a result, future tax revenues will be less than planned. The economy will lag well below potential. – Bruce Kasting

May 7, 2012 07:03

Forget Retirement And Retirement Savings

A ponzi scheme is defined as “a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation”. By this definition, the Socialist Security system in the US is a ponzi scheme.

April 24, 2012 13:16

Obama Bin Sleepin’ while Social Security and Medicare go broke

What did Obama do with two years of Democrats controlling both senate and the house? Is Obama just “hoping” that things won’t “change” when the money runs out? Is he hoping Americans will remain docile and asleep? Will you? Surprise! Reality rears its ugly head before Obama clinches reelection. What is his answer to social security and medicare running out of money? Go campaigning with more of your borrowed money to try buying votes with government giveaways. Can we stand four more years of this leadership vacuum?

April 23, 2012 08:31

Raiding your retirement for redistribution – the stealth war on the middle class

After exploding the debt by over $5 trillion in spending and ruining the economy Obama and the Democrats are desperate for government revenue to redistribute in their socialization of America. Now they are targeting your retirement accounts. Is that because Social Security is so well funded that everyone will retire rich?

March 13, 2012 07:16

Broken Promises: Pensions All Over America Are Being Savagely Cut Or Are Vanishing Completely

There simply is not enough money out there to keep all of the pension commitments that have been made. Something has got to give. In the end, millions of elderly Americans will likely be plunged into poverty as pensions disappear.

June 17, 2011 07:00

The Extinction of Retirement

[R]etirement is now an illusion, and many Americans will find themselves working far longer, for far less real compensation, then they ever imagined. The quicker we realize this, and plan accordingly, the better off we will be.

January 5, 2011 09:32

60% property tax increases possible in Chicago from union pensions

Cities have as high as $40,000 per household in unfunded pension liabilities alone. FBN’s Brian Sullivan predicts this will be the year that a major US city files for bankruptcy and that the new fiscal battle will be between old and young.

December 30, 2010 07:36

In Praise of Children

Rediscovering the importance of children will also require reawakening a sense of self-reliance and lessening our dependence upon government as a de facto parent and caregiver. We could also do worse than to rekindle the idea of having children as a necessary social good – an unselfish act that perpetuates our civilization.

September 2, 2010 04:37

The Flaws of Social Security

The program should be phased out over a systematic period. Beneficiaries could be compensated from the general fund (which is, at least, honest accounting) and young people freed to opt out of the tax with the full understanding that there will be no federally issued retirement check for them to collect when they hit old age. There won’t be anyway.