Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Social Security

If Chosen as Hillary’s VP, Tim Kaine Would Be Invisible

This article appeared online at TheNewAmerican.com on Friday, July 22, 2016:  

Governor Tim Kaine of Virginia.

As chances continue to improve that Hillary Clinton will name Virginia Democrat Senator Tim Kaine (above) as her vice-presidential running mate later this afternoon, a closer look at the affable, non-controversial socialist reveals a man not likely to interfere with the Clinton presidency if she wins in November.

He has all the credentials of a socialist and all the charm that is sorely lacking in his would-be running mate.

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Latest CBO Report “Grim”; Offers No Solutions to National Debt

This article appeared online at TheNewAmerican.com on Friday, July 15, 2016:  

Ida May Fuller, the first recipient

Ida May Fuller, holding the first check from the Social Security Administration

On Tuesday, the Congressional Budget Office (CBO) published its annual report on the country’s long-term budgetary and financial outlook. One need only to see the chart on Page One of the report to see why CBO’s Justin Bogle said the outlook was “grim”: It shows government spending growing so much more quickly than anticipated revenues that annual deficits will likely triple in the next 30 years, if not sooner. Bogle called this scenario unsustainable.

For the first time, the CBO built into its assumptions the projected impact of ObamaCare, the country’s declining birth rate, the explosion of Baby Boomers demanding benefits from Social Security and Medicare over that period, plus Boomers’ increasing life expectancies and the increasing costs of providing them healthcare along the way.

It also assumed that government debt will

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Finding the Perfect VP for The Donald

This article was published by The McAlvany Intelligence Advisor on Wednesday, July 6, 2016:  

English: Flag of the Vice President of the Uni...

Flag of the Vice President of the United States

Paul Manafort, Donald Trump’s chief campaign strategist, has no doubt a long and carefully considered list of criteria which The Donald’s VP must meet in order to be offered the position. The clock is ticking: he is due to make the announcement next week, before the Republican convention, which begins on Monday the week following.

His list is short:

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What is the Definition of Tyranny? Ask the Bureaucrats in the Social Security Administration

This article was published by The McAlvany Intelligence Advisor on Monday, June 13, 2016:  

The Founders, the beneficiaries of a classical education that far exceeds that present in the United States, knew the enemy of freedom intimately. George Washington said that “Government is not reason. It is not eloquence. It is force. Like fire, it is both a dangerous servant and a fearful master.” Thomas Jefferson expressed it differently:

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Obama Does a 180 on Social Security; Now Wants to Expand Its Benefits

This article appeared online at TheNewAmerican.com on Monday, June 6, 2016:  

Social Security (play)

In a breathtaking reversal that far-left progressives are calling a victory, President Obama said in a speech in Elkhart, Indiana, on Wednesday that Social Security benefits should be expanded and made more “generous”:

And then we have to tackle retirement security. That’s something that keeps a lot of people up at night. … Let’s face it — a lot of Americans don’t have retirement savings. Even if they’ve got an account set up, they just don’t have enough money at the end of the month to save as much as they’d like because they’re just barely paying the bills. Fewer and fewer people have pensions they can really count on, which is why Social Security is more important than ever.

 

We can’t afford to weaken Social Security. We should be strengthening Social Security. And not only do we need to strengthen its long-term health, it’s time we finally made Social Security more generous and increased its benefits so that today’s retirees and future generations get the dignified retirement that they’ve earned. And we could start paying for it by asking the wealthiest Americans to contribute a little bit more. They can afford it. I can afford it.

This was met with huzzahs from the Left. Hillary Clinton tweeted,

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Something is Wrong When A “Fine Arts” Major Has to Defend Social Security

This article was published by The McAlvany Intelligence Advisor on Monday, June 6, 2016:  

Following President Obama’s statement last Wednesday that Social Security benefits ought to be expanded and made more “generous,” someone at the Washington Post thought it would be a good idea to tout the wonders of that welfare state program. Rather than pick someone with some credentials as an economist, even a liberal one, the Post instead picked Jared Bernstein (above) to do the honors. Which he did:

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Trump Suggests National Debt “Deal,” Media Calls It “Fanciful” and “Dangerous”

This article appeared online at TheNewAmerican.com on Monday, May 9, 2016:  

A snippet from Donald Trump’s conversation with CNBC on Thursday raised the ire of numerous media commentators, who called Trump’s plan “unprecedented” (CNBC), “fanciful” and a “threat” (New York Times), and “tantamount to a debt default” (Yahoo Finance). Others called his remarks “reckless,” while Tony Fratto, a former Treasury official in the George W. Bush administration said, “This isn’t a serious idea — it’s an insane idea.”

What sparked the ire? The initial impetus was when Trump said, “[The U.S. Treasury is] paying a very low interest rate. What happens if that interest goes up two, three, four points? We don’t have a country. I mean, if you look at the numbers, they’re staggering.”

Indeed they are. The U.S. Debt Clock shows the national debt closing in on $20 trillion, while the economy is slumping along, with a GDP at just over $18 trillion. Put another way,

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Gun Sales Set Records, Likely to Continue

This article appeared online at TheNewAmerican.com on Friday, May 6, 2016:

According to the FBI, more than two million gun-purchase background checks were conducted in April, 400,000 more than in April a year ago. In fact, every month since last May, background checks have set new records, putting 2016 on track to beat 2015 for the number of checks conducted by the National Instate Criminal Background Check System (NICS).

In its report the FBI noted that there is no direct one-to-one correlation between background checks and gun sales, but it’s close. Especially if one tracks the performance of stocks of Sturm Ruger & Co. and Smith & Wesson in the last 12 months.

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Social Security Inching Its Way Toward Bankruptcy, Says CBO

This article appeared online at TheNewAmerican.com on Monday, January 25, 2016:  

The latest report from the Congressional Budget Office (CBO) on the financial condition of Social Security merely confirms what the Social Security trustees have been saying for years: The welfare-state program that spent nearly a trillion dollars last year isn’t sustainable.

In July Treasury Secretary dazzled the press with his waffle: The program is safe and sound, but it faces problems:

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Factory Owners Increasingly Going Robotic

This article was published by The McAlvany Intelligence Advisor on Monday, January 25, 2016:  

Picture a factory where the owner has cut his Social Security and Medicare taxes by 90 percent. Where surveillance by the EEOC (Equal Employment Opportunity Commission) no longer exists. Where minimum wage laws don’t apply. Where there are no more reports to be filed with OSHA. Where the factory doesn’t have to be retrofitted to handle handicapped employees. Where there is no “family time” off for pregnancies. Where there are no pension or health care plans to fund. Where there are no unemployment insurance taxes. Where no one is demanding special break rooms and time off for prayers. Where Obamacare doesn’t apply. No transgender bathrooms. No lunchroom or recreational facilities.

It’s already happening in China’s Pearl River Delta (dubbed “the world’s workshop”).

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Robots Transforming China, Causing Heartburn at World Economic Forum

This article appeared online at TheNewAmerican.com on Monday, January 25, 2016:  

Shenzhen Evenwin Precision Technology Company, located in China’s Pearl River Delta (dubbed “The World’s Workshop”), has nearly completed the first stage of turning its plant that produces mobile phone components into one of the world’s first nearly 100-percent robot-operated factories. According to the company’s chairman, Chen Xingai,

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How the Establishment Does Business in Washington

This article was published at The McAlvany Intelligence Advisor on Wednesday, October 28, 2015: 

English: U.S. President Barack Obama meets wit...

Just a visit between old friends

In Washington, it is said that laws are like sausages: no one wants to know exactly how they are made. Washington, controlled as it has been by the Establishment for decades, makes laws like sausages, keeping everyone in the dark and happy, except the taxpayer.

Just who is this ephemeral, invisible, ever-present establishment? In three minutes, a caller to Rush Limbaugh’s radio show on September 15, nailed it:

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Boehner Cuts Deal With White House; National Debt to Reach $20 Trillion

This article appeared online at TheNewAmerican.com on Tuesday, October 27, 2015:

After working privately over the past several weeks with members of the White House staff, as well as with Nancy Pelosi (D-Calif.), Mitch McConnell (R-Ky.), and Harry Reid (D-Nev.), House Speaker John Boehner succeeded late Monday night in cobbling together a deal that gives everyone in Washington what they want but leaves the bill for the taxpayer. By the time the dust settles, the deal will cause the country’s national debt to reach $20 trillion within the next 18 months, if not sooner.

Doing an end run around usual House procedures, Boehner

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Social Security’s Chief Actuary Meets Charles Ponzi

This article was published by the McAlvany Intelligence Advisor on Monday, October 19, 2015:  

English: Mug shot of Charles Ponzi (March 3, 1...

Mug shot of Charles Ponzi

In its apologetic over Social Security, the New York Times saw the most significant problem facing the scheme, according to the program’s chief actuary, Stephen Goss, is “that fewer workers are paying taxes into the program … while more retirees are collecting their checks.”

And thus it has always been: every Ponzi scheme fails when “new” investors cannot be recruited into it in sufficient numbers to pay off the “older” ones. The only reason Social Security has survived for so long – it just turned 80 this year – is because of guns and badges and threats.

Charles Ponzi had no such power. He had to rely on ignorance and greed. His scheme ran for more than a year before the fraud was discovered and he was jailed. His shtick?

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Social Security Defaults Again on Its Promises: No COLA for 2016

This article appeared online at TheNewAmerican.com on Monday, October 19, 2015:  

Social Security Poster: old man

On Thursday the Social Security Administration announced that for the third time in six years there will be no COLA (Cost Of Living Adjustment) to beneficiaries’ checks next year. There was no COLA in 2010 or 2011, thanks to the government index used to determine whether an “adjustment” (increase) was justified, to offset inflation. This year’s culprit was the price of gasoline, which fell 23 percent, wiping out any chance for an increase in the checks going to more than 60 million recipients.

Heroic and often invisible measures have been undertaken in recent years to cover up the program’s insolvency:

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Federal Deficit at Eight-year Low; Don’t Celebrate Yet

This article appeared online at TheNewAmerican.com on Friday, October 16, 2015:  

On Thursday the Treasury Department announced that the federal deficit for the 2015 fiscal year, which ended September 30, fell to an eight-year low — $439 billion — thanks to tax revenues that grew at a rate faster than government spending. Revenues, according to the department, grew by eight percent over last year while government spending grew by five percent.

Treasury Secretary Jacob Lew celebrated:

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Want a Raise? Work for the Government

This article appeared online at TheNewAmerican.com on Friday, October 9, 2015:  

It used to be that the way to get ahead was to work harder, work smarter, find your passion (à la Tony Robbins), marry the boss’s daughter, or be the boss’s daughter (or son). But, according to the latest study from the Cato Institute, the best way is to “sell your soul to the company store” (apologies, Johnny Cash): Work for the government. Preferably, the federal government.

Since the 1990s, federal government employees have enjoyed greater increases in salary growth than those in the private sector, with federal workers in 2014 earning 78 percent more, according to the latest report from Cato, entitled “Downsizing the Federal Government.”

In 2014, based on numbers provided by the U.S. Bureau of Economic Analysis (BEA), the average federal worker in 2014 made

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The US Welfare State is One Gigantic Underfunded Pension Plan

This article was published by The McAlvany Intelligence Advisor on Monday, September 7, 2015:  

Think of it this way: a pension plan is a system or program whereby promises are made to beneficiaries based upon contributions made to the plan by those beneficiaries and by the plan sponsor, either a local or state government or a private entity, company, or corporation. The assumptions are that the monies will be invested carefully, prudently, and wisely until they are needed. For those services the plan sponsors take a fee.

A welfare state is

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Public Pension Plans Cut Rate of Return Targets; Still Not Enough

This article appeared online at TheNewAmerican.com on Monday, September 7, 2015:  

Twenty million pension plan beneficiaries have just been warned: You won’t be getting what you have been promised when you retire. Part of the reason is that pension managers have been far too optimistic in estimating what they are able to earn on your money. And part of the reason is that they continue to remain so.

In its analysis of 126 public pension plans, the National Association of State Retirement Administrators (NASRA) noted that more than two-thirds of them have reduced their estimates, however slightly, since 2008, while 39 of them are still stuck

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Lawsuit by Three Uber Drivers Could Overturn the Gig Economy

On Tuesday a district court judge ruled that a lawsuit brought by three Uber drivers can move forward as a class action lawsuit, potentially involving 160,000 Uber drivers, increasing the chances that Uber will have to start treating them as employees, not as independent contractors. If so, the ramifications would be significant across the nascent but growing “gig” economy, affecting other companies such as Lyft, Airbnb, and TaskRabbit.

Back in March Uber attempted to have the suit tossed, but U.S. District Court Judge Edward Chen said the issues raised were too important not to have them heard in court. At that time Chen said the company’s drivers

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.