Social Security, Medicare, Medicaid and other social insurance programs are bankrupting America. They will produce ever-escalating deficits for as far as the eye can see.
In the United States, the national debt now equals 100 percent of gross domestic product (GDP), and is still growing. With the retirement of the baby boomer generation, 78 million additional people will turn to the federal government for Social Security, Medicare and Medicaid benefits — roughly $40,000 per beneficiary per year, on the average.
Many Republicans talk of an entitlement mentality that threatens the character and finances of the United States. In their view, the problem is that too many voters feel entitled to goodies provided by the government and financed by taxpayers.
Kicking the can down the road. That's been the Obama administration's response on issues from Iran's nuclear weapons program to America's entitlement systems.
“We are five days away,” the future President famously said in October of 2008, “from fundamentally transforming the United States of America…”
Here we are, in the last week of February, discussing the extension of unemployment benefits. Again. Wasn’t Groundhog Day supposed to be on February 2?
"I'm not concerned about the very poor. We have a safety net there. If it needs a repair, I'll fix it." Thus did Mitt Romney supposedly commit the gaffe of the month -- for we are not to speak of the poor without unctuous empathy.
What if you are only allowed to vote because it doesn't make a difference? What if no matter how you vote, the elites get to have it their way?
Vampires are bloodsucking monsters that live forever but can be killed by sunlight. The impulse to compare them to out-of-control government is certainly understandable.
Let's think about the kind of mess that we're in. Federal 2010 Medicare and Medicaid expenditures totaled $800 billion. The projected annual growth of both programs is about 7 percent. Social Security expenditures are more than $700 billion a year.
When I was a copy editor at the Los Angeles Times, a young reporter submitted an article about a single mother having trouble obtaining government checks. The story was designed to elicit outrage at callous bureaucrats who should be showering this poor woman with subsidies. I asked the reporter if she knew anything about the father. Was he providing any assistance? Was he a deadbeat dad?
President Obama is calling for dramatic defense cuts that could threaten our national survival while obstructing structural reforms to our entitlement programs that are essential for our national financial survival. It just doesn't get much worse than this.
The Democrats are accusing Republicans in Congress of opposing the extension of payroll tax cuts. On the face of it, something seems wrong.
What should be done about income inequality? That basic question underlies the arguments hashed out in the supercommittee and promises to be a central issue in the presidential campaign.
"Alice in Wonderland" was written by a professor who also wrote a book on symbolic logic. So it is not surprising that Alice encountered not only strange behavior in Wonderland, but also strange and illogical reasoning -- of a sort too often found in the real world, and which a logician would be very much aware of.
THE TREASURY DEPARTMENT reported last week that the national debt had surpassed $15 trillion, clocking in at precisely $15,033,607,255,920.32 as of the close of business Tuesday.
If Congress was ever in search for a theme song, it would surely be the 60’s hit by Sonny and Cher called—“The Beat Goes On”. Americans received yet another reminder of just how far this group of fiscal miscreants will go to avoid making tough budget decisions when Congress passed a “minibus” spending bill.
It has become all too easy today to receive government assistance. Half of all babies born in the U.S. today receive food assistance, and half of all children live in a home that will use food assistance at some point during their childhood.
Richard Nixon went to Red China with political impunity. Had a Democrat tried that, he would have been branded a commie appeaser.
At a recent National Speakers Association convention, agewave.com futurist Ken Dychtwald shared a startling fact, "Two-thirds of the people who have ever lived past 65 throughout history are alive today." That's not surprising when he reports that that for 99% of human history life expectancy was 18 years of age. By 1900, it was only 47.
Beware: content, not soundbites.
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