Ron Paul: Media and Politicians Ignore Oncoming Financial Crisis
Unless Congress immediately begins making substantial spending cuts, America will soon face a major economic crisis.
Tag: social security
The Social Security Black Hole Has Arrived
The pending insolvency of these programs is a drain on the economy and capital investment
Social Security Earned A Pitiful 2.8% On Your Money Last Year
The last option is to raise taxes. And just like cutting benefits, you can count on this happening
The Next Step in Social Security’s Ponzi Scheme
Social Security is now a “bad deal” for current and future recipients
Revealing the Real Rate of Inflation Would Crash the System
This week, I’ve noted that Consumer Prices Have Soared 160% Since 2001 while under-the-radar declines in value, quantity and quality are forms of Inflation Hidden in Plain Sight. What would happen if the real rate of inflation was revealed? The entire status…
We Need a Complete System Overhaul: 5 Charts That Blow Up the Status Quo
In an auto-mechanic analogy, the Powers That be are assuring us those grinding noises under the hood and the black smoke chugging out of the tailpipe are no big deal and can be fixed with a minor tuneup. They’re wrong;…
‘Neutral’ Federal Agency’s Troubling Manipulation of Data Boosted GOP’s Assault on Social Security
‘Yesterday the Congressional Budget Office (CBO) corrected an error that it made in projecting the share of earnings that will be replaced by Social Security for those nearing retirement. In a report published last fall, CBO projected that for people born in the 1960s, the annual Social Security benefit for those retiring at age 65, […]
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US government admits Social Security going bankrupt; warns public should be given ‘adequate time to prepare’ for the collapse
‘For years now, government agencies, politicians, economists and pundits have tried to sound the alarm over the federal government’s out-of-control spending and spiraling national debt. The predictions of dire financial consequences have actually been widely publicized in the mainstream. In July 2014, for example, The Hill reported on an analysis by the Congressional Budget Office […]
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Congress proposes a chilling resolution on Social Security
‘On August 14, 1935, President Franklin Roosevelt arrived at his desk to sign the Social Security Act into law. It had been a contentious legislative process, something like the Obamacare of its day. Fiscally conservative politicians derided the program for its obvious long-term costs, the massive bureaucracy that it would create, and the huge tax […]
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Tortured and Jailed Black Seniors Released – But Denied Social Security After Life In Prison
‘In an unprecedented move, Chicago officials have agreed to pay $5.5 million in reparations to black men, who spent decades in prison after police tortured them into confessing to crimes they didn’t commit. Although each […]
‘Economic Genocide’: Ukraine Cuts off Payment of Pensions to One Million Senior Citizens in Donbass
‘Ukraine wants to improve the state of its economy at the expense of a million of lives of the retired people in Donbass The Universal Declaration of Human Rights adopted in 1948 by the UN […]
Looks Like I’ll Be Able to Retire Comfortably at Age 91
My advice is to focus not on retiring comfortably, but on working comfortably. You’ve probably seen articles and adverts discussing how much money you’ll need to “retire comfortably.” The trick of course is the definition of comfortable. The general idea…