Cuts in Social Security, Confiscation, or Wealth Redistribution?

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

Disability Insurance and the Social Security Stripping of Funds

John Q Taxpayer wrote in a commentary on the web:
“I woke up this morning and the whole world was backwards. Right is now wrong, illegal immigration is an act of love, self-defense is not permitted, the rich are evil, God is banned, the government of the people is out to get the people, the truth is forbidden, the ignorant are in charge of the intelligent, communism is good, robbery is overlooked, free speech is regulated, money is evil.” Continue reading

The Baby Boomers and the not so Affordable Care Act

Why is it that we needed the Affordable Care Act? Was it because everybody was told inaccurately that Americans were dying in the streets untreated? If you ask Europeans and people from other continents that is exactly the perception they have about the United States. They do not know that any American can walk sick into an emergency room and he/she will be treated immediately. They don’t have to wait weeks and months to have a doctor’s appointment, tests, and procedures before they are actually treated as is the case in all socialized medicine countries.
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Will Chained Consumer Price Index Punish the Taxpayers?

Leave it to government to try to reduce the budget deficit on the backs of elderly taxpayers. Bureaucrats have decided that the cost of living adjustments (COLAs) have been too generous and must be scaled back. COLAs are made yearly to offset the loss of purchasing power of money due to inflation.
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