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: Center on Budget and Policy Priorities

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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Trillion-dollar Tax Holiday Sought by Multinationals

Oracle logo at the Oracle headquarters.

Image via Wikipedia

Claiming that granting a “tax holiday” for her company (and other large multinationals) would be beneficial to the United States, Oracle president Safra Catz said that such a holiday would allow earnings sitting in idle accounts abroad to be “repatriated” and freed up for better use here in the United States. “It’s an absolute no-brainer,” she said. If the money flows back to the United States, “it will

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States’ Fiscal Options Narrowing

a "Project Funded by The American Recover...

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There were no surprises, only confirmations, in the report released on Friday by the Center on Budget and Policy Priorities (CBPP): “States Continue to Feel Recession’s Impact.” As author Elizabeth McNichol stated, governors “across the country…face a daunting fiscal challenge. The worst recession since the 1930s has caused the steepest decline in state tax receipts on record. State tax collections…are now 12 percent below pre-recession levels.”

There are 44 states estimating budgetary shortfalls for next year (most states’ fiscal years start on July 1) totaling, preliminarily, more than

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States’ Budget Shortfalls: Pressure from Above and Below

Recovery.gov

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With all the attention being focused on extending the “Bush tax cuts,” granting additional unemployment benefits, and the arrival in Washginton of newly minted congressional Representatives and Senators, a major piece of the fiscal puzzle has been ignored altogether: states’ increasingly pressured budgets for next year. As noted by the Center on Budget and Policy Priorities (CBPP), the Great Recession “has caused the steepest decline in state tax receipts on record.”

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Conjuring Magic To Cover States’ Debts

SACRAMENTO, CA - JULY 21:   A sign stands in f...

Image by Getty Images via @daylife

The first warning about the possible bankruptcy of the town of Vallejo, California, was reported by the Associated Press on February 28, 2008, when Councilwoman Stephanie Gomes said, “Our financial situation is getting worse every single day. No city or private person wants to declare bankruptcy, but if you’re facing insolvency, you have no choice but to seek protection.”

Marci Fritz, vice president of the California Foundation for Fiscal Responsibility, blamed the action on promises made earlier by the council to the city’s employees concerning salaries and retirement benefits that the city no longer can afford. According to Fritz, these were promises made during economically flush times, and were due to the city council’s unrealistic expectations that those times would continue indefinitely.

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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.
Copyright © 2021 Bob Adelmann