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

The New Third Rail: Cutting Government Spending

This article was first published by The McAlvany Intelligence Advisor on Monday, July 14, 2014:

 

Historical government spending in the United S...

Historical government spending in the United States from 1902 to 2010

Back in February the Congressional Budget Office (CBO) estimated that the deficit for the 2014 fiscal year would be $514 billion, or about 3 percent of the total economic output of the country. Since this was a nearly 27 percent drop from last year, the implication is that all is well, nothing to see here, move along please. After all, the perception has been that the White House has been spending money faster than at any time in history, running up deficits and the national debt to staggering levels. Half a trillion? Is that all? Pocket change!

Greg Valliere, the chief political strategist for the Potomac Research Group, said at the time that this guaranteed that there would be no pressure for any sort of entitlement reform this year. Jack Lew, Obama’s Treasury Secretary, said the numbers bought some time: “We have a little time to deal with the long term.”

Last week both the White House and the CBO revised downward even further the expected deficit, with Obama taking full credit for the result:

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Study: All Jobs Growth Since 2000 Went to Immigrants

This article was first published at TheNewAmerican.com on Monday, June 30, 2014: 

 

Immigrants just arrived from Foreign Countries...

Immigrants just arrived from Foreign Countries–Immigrant Building, Ellis Island, New York Harbor.

With the release of the report by the Center for Immigration Studies (CIS) last week, Director of Research Steven Camarota drove the final nail into the coffin of immigration reform for this year, saying:

Government data show that since 2000 all of the net gain in the number of working-age (16 to 65) people holding a job has gone to immigrants (legal and illegal).

This is remarkable given that native-born Americans accounted for two-thirds of the growth in the total working-age population.… There were still fewer working-age natives holding a job in the first quarter of 2014 than in 2000, while the number of immigrants with a job was 5.7 million above the 2000 level.

All of the net increase in employment went to immigrants in the last 14 years.

 This effectively obliterates the assumptions underlying the immigration reform bill SB 744, which was promoted by a bipartisan group of Democrats and Republicans (called by some observers the “Gang of Eight”) and passed by the Senate, 68-32, a year ago last week. That bill was based on several key assumptions: 1) that there is a labor shortage in the country, 2) that there are some jobs only immigrants want, and 3) that higher levels of immigration would stimulate the economy so that everyone, native-born or immigrant, would find more work.

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Welfare Recipients 3, Taxpayers 2

Say Goodnite America!

Say Goodnite America! (Photo credit: Templar1307)

This article first appeared at The McAlvany Intelligence Advisor on Monday, April 21, 2014:

The Census Bureau, teaming up with the Bureau of Labor Statistics, confirmed what many have long suspected: the United States is a welfare state, and the recipients are gaining on the taxpayers. According to their just-released Current Population Survey, there are nearly 150 million people on the dole compared to fewer than 90 million being squeezed to make the payments. And the longer the game goes on, the worse the score will get.

After Terence Jeffrey, former editor at Human Events and now senior editor at CNSNews, dissected the pages-long survey, he lamented:

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Census Bureau Reports 62 Million more Takers than Payers

Attack of the Giant Leeches

Attack of the Giant Leeches (Photo credit: Wikipedia)

The latest Current Population Survey, a joint venture between the Bureau of Labor Statistics and the Census Bureau , showed 148 million “benefit takers” compared to the benefit providers – workers in the private sector – who number less than 90 million. According to Terence Jeffrey, the senior editor at CNSNews, that’s a ratio of 3:2 and it’s only going to get worse: “As more Baby Boomers retire and as ObamaCare comes fully online … the number of takers will inevitably expand. Eventually there will be too few carrying too many, and America will

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Social Security Stops Seizing Refund Checks for Decades-Old Debts

Social Security Poster: old man

Social Security Poster: old man (Photo credit: Wikipedia)

Mary Grice, a resident of Maryland, was expecting her refund checks of $4,462 from the IRS and the state of Maryland. They never came. Instead she got a letter from the Social Security Administration (SSA) saying that they took them to settle a debt owed by her father – in 1977. When the Washington Post learned that she was filing suit over the matter, things began to happen. She told them: “It was a shock. What incenses me is the way they went about this. They gave me no notice.”

Her attorney, Robert Vogel, amped up the issue, putting the SSA on the defensive. Their explanation was spotty. Apparently

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President Proposes Doubling the tax Subsidy for the Poor

President Obama’s proposal to double the earned income tax credit (EITC) for the working poor on March 4 came with all the attendant benefits such an expansion would provide: it would reduce poverty while encouraging people not working to get a job. It would expand the existing law to cover an additional 16 million families with 30 million children.

In his State of the Union Address in January, the president warned this was coming,

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Is the Dingell Dynasty in the House Over?

This article first appeared at The McAlvany Intelligence Advisor on Friday, March 7, 2014:

The encomiums poured in following the announcement by John Dingell (D-Mich.) last week that he wouldn’t be seeking a 30th term in the House. Tweeted Gary Peters (D-Mich.): “Today we honor the service and legacy of Michigan’s greatest Congressman. His accomplishments will never be forgotten.” Such praise would reasonably be expected from a hard-left progressive like Peters who

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Age and Acrimony End Dingell Dynasty in the House

Born in Colorado Springs in 1926, John Dingell (D-Mich.) took over from his father as a Representative from Michigan in 1955 and has never stopped promoting his father’s progressive agenda. On Monday, February 24th, Dingell announced that he would not seek a 30th term partly due to

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Latest CBO Outlook Ignores Birth Rates and Tipping Points

This article first appeared at The McAlvany Intelligence Advisor on Wednesday, February 5, 2014:

Just reading the headlines, the average citizen is likely to think that now that the deficits are under control Washington can focus on problems elsewhere. The Congressional Budget Office (CBO) estimated in May that the current year’s deficit would come in at $560 billion, half what it was just two years ago. In its report released on Tuesday, it was pleased to note that

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Supreme Court hears forced unionism case brought by Illinois mother

When Pam Harris responded to a knock on her door on a Sunday morning back in 2009, she was surprised at the presence of a union organizer asking her to join his union. When she pressed him for details she learned that because she was accepting state Medicaid funds to help care for her disabled son she was now considered a state “employee” for union-organizing purposes and was required to join his union.

Harris said no thanks and began

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Free Market Alternatives to Obamacare Already Exist

More than a year ago, Dr. Barbara Bellar, a medical doctor with a JD degree, was running for office as an Illinois State Senator, and provided a sound byte that continues to reverberate across the internet, having been viewed as of this writing some 3,675,000 times. The clip lasts less than two minutes, including laughter and applause from her audience, to whom she said:

So let me get this straight. This is a long sentence:

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Ryan-Murray debt agreement gives away sequester cuts, sells out tea party conservatives

In announcing the budget agreement hashed out during secret negotiations over the past two weeks, Rep. Paul Ryan (R-Wis.) said:

I’m proud of this agreement. It reduces the deficit without raising taxes. And it cuts spending in a smarter way. It’s a firm step in the right direction…

This was for public consumption. In fact, now that the agreement has passed the House and will likely shortly pass the Senate, it will

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The Implosion of the Social Security Disability Ponzi Scheme Accelerates

Fresh data just released by the trustees of the Social Security Administration show that the number of people receiving benefits from the Disability Insurance Trust Fund has exploded over the last five years, reducing the surplus in that fund from $216 billion in 2008 to just over $100 billion in 2013. There were 7.4 million recipients in January 2009, but as of October 2013, there are nearly 9 million beneficiaries, not including

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Fitch Threatens Downgrade; Boehner to Surrender

This article first appeared at The New American online on Wednesday, October 16th, 2013:

 

Despite mounting evidence that the government will have more than enough money to pay its essential bills and that the real national debt is $70 trillion, not $17 trillion, and despite pressure from Tea Partiers and constitutionalists to resist, House Speaker John Boehner is likely to bring the Senate bill to a vote in the House where, if House Minority Leader Nancy Pelosi is right, it will

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Scary Default Scenarios Based on Faulty Treasury Department Release

Within hours of the “brinkmanship” press release by the U.S. Department of the Treasury, major media began to repeat the highly dubious risks outlined by the department without reading carefully exactly what it contained. The headline and opening paragraph were all that the echo chambers needed:

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US Government Shutdown Not Likely to Break Belgium’s Record of 589 Days

With news that the partial US government shutdown won’t be resolved for at least the next two weeks, and will then only likely end when the debt limit crisis forces it, commentators have resurrected the history of the last government shutdown during the Clinton administration. But little if any media attention is being paid to the longest government shutdown,

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Social Security Disability is turning into a Lifetime Unemployment Program

Back in 2011, if Eugene LaPorte knew that the Social Security Disability Insurance program was going to be broke in five years, he probably wouldn’t have cared. He needed the money and he was out of options. When he graduated from high school in Millinocket, Maine, in 1973, he went straight to work for the Great Northern Paper Company, the economic anchor in this small town in northern Maine. He became a supervisor and, just before the company went bankrupt in the early ‘90s, was earning nearly

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Deficit down, national debt up, more taxes needed say two “nonpartisan” groups

Two government reports issued in the last few days show that despite higher tax revenues, thanks to the tax increases signed into law by the president earlier this year, deficits are still sky-high and the national debt continues its inexorable climb into the stratosphere.

Although the deficit for the first eleven months of the 2013 fiscal year was down slightly compared to last year at this time, real progress towards a balanced budget remains elusive. Through August the federal government spent

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The Atlantic magazine laughs off America’s debt burden

When the senior editor of The Atlantic, Derek Thompson, tried to explain away concerns over the massive unfunded liabilities facing the U.S. government repeatedly pointed out by experts such as Peter Peterson (the former chairman of the Council on Foreign Relations), Boston University economics professor Laurence Kotlikoff, and James Hamilton of the University of California, he used a combination of

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University of California Study: The National Debt is really $70 Trillion

Professor James Hamilton, economics professor at the University of California, San Diego, just published his best estimate of the federal government’s “off-balance-sheet” liabilities and concludes that the real national debt, popularly estimated to be $16.9 trillion, is in fact more than four times larger: $70.086 trillion. This is because of decisions to

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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.