Struggling to survive on $3.10 minimum wage of 1978 America, I never envied or blamed anyone for my state in life. I understood the work ethic and the fact that everybody had to start at the bottom and climb the ladder of success if they worked hard. Continue reading
The Governor of New Jersey, Chris Christie, gave a speech on Tuesday, April 14, 2015, in which he proposed, among other things, raising the retirement age from 67 to 69. He stated that, “We should remember that Social Security at its core should be retirement insurance. I’m suggesting that Americans pay into the system throughout the course of their life, knowing that it will be there, if they need it, to support them in their later years, so seniors will not grow old in back-breaking poverty. But, if you are fortunate enough not to need it, you will have paid into a system that will continue to help Americans, neighbors, friends, who need it the most…. It is fair, and it is what we must continue to do. We can only do that by changing Social Security.” http://www.wsj.com/articles/christie-to-call-for-raising-age-for-social-security-cutting-benefit-for-some-seniors-1429018212 Continue reading
For the past two years, the EU has struggled to keep its tenuous union intact, a union based on a common currency adopted by some of the members. As Italy, Spain, Greece, and Portugal economies downturned, it did not surprise many because their admission into the EU was questionable at the time – there is a reason why they were called the PIGS (Portugal, Italy, Greece, and Spain) – they never ran their socialist economies responsibly, spending on social welfare with abandon.