Secretary of Energy Steven Chu’s defense of the administration’s efforts to ban incandescent light bulbs. “We are taking away a choice that continues to let people waste their own money,” Chu said, quite satisfied with government’s efforts to protect Americans from their own choices.
Post Tagged with: "social security"
Obama’s “Jobs” Plan Major Trouble for Social Security
Obama’s “must pass” bill will cut funding for social security when it need it most. National journal’s Major Garrett explains.
Yes, It Is a Ponzi Scheme
As with Ponzi’s scheme, when the number of new contributors dries up, it will become impossible to continue to pay the promised benefits. Those early windfall returns are long gone. When today’s young workers retire, they will receive returns far below what private investments could provide. Many will be lucky to break even.
Newt Gingrich: Obama scares American people “every single day”
Newt refers to Obama’s threats not to send out social security checks but it could be huge debt he keeps piling on or the truth we keep finding out about Obamacare.
Two cheers for Perry the provocateur
Social Security was dishonestly sold as “insurance” when really it is no such thing, and the funds Americans pay into the program today are really paying for the benefits of those who contributed to the program years ago. Sounds like a textbook definition of “Ponzi scheme” to us.
Will Perry’s social security stance doom his campaign?
Americans can’t handle the truth and the Democrats will make sure of it. They have already shown Paul Ryan the M.O. by having granny in a wheel chair pushed over a cliff just for suggesting alterations to the sacred cow of social security that would save it.
Obama ’08 Social Security promises and 2011 realities
More lies exposed. On the 2008 campaign trail, President Barack Obama promised social security would remain solvent forever under his administration, yet he is threatening to withold social security checks this year if the federal government defaults after the August 2 debt ceiling deadline. – Washington Times video
Game over: Obama threatens social security and veteran benefits over debt he created
“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” – Sen. Barack Obama
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.
The Democrats are wrong about everything
Capitalism is the system of no economic policy other than government stays out of the way. When you leave everyone free, the best, brightest and most productive are free to prosper as well. The most prosperous tend to bring everyone along with them, without any hint of self-sacrifice on anyone’s part.