One of the earliest pieces of literature that contributes to the history of Social Security is Time Magazine’s Pie from The Sky, an account of a House Committee hearing called to deal with “reforming” Social Security. The hearing was held four years after passage of the Act and before even a single check was written to old age beneficiaries.
I prefer the honest approach. If you believe in bigger government and higher taxes, you should “man up” and openly express your views. Don’t dissemble, prevaricate, mislead, and obfuscate.
If you are a regular reader of this column, you know, unfortunately, there is a consistent theme that derives from the Left’s constant attempt to develop new rationale to extract money for the ever-expanding cost of government. President Obama dropped his latest stink bomb on hard working Americans with the release of his delinquent budget.
Look no further than that luscious stash of cash that is just sitting there in people’s retirement accounts.
The money in an IRA is not “tax-preferred,” as the White House asserts. Money in an IRA is rather “tax-deferred,” meaning the government is going to get their money one way or another. No surprise there that they got that wrong. The White House is short on CPAs. They don’t even know how to do their own taxes right.
"I do think at a certain point you've made enough money," he told a Quincy, Illinois audience. It was only "fair," Obama continued to argue, that government should confiscate the rest by raising taxes.
If you've been awake for anything more than 13 minutes, some toothy, giggly anchor dressed in a sleeveless dress on your local news channel has already told you that today is 12-12-12 and he then added that the next time there can be three numbers the same in a date will be January 1, 2101.
The old adage "be careful what you wish for" is an apt reminder in light of this week's news that the U.S. birthrate has dropped to its lowest level on record. For years, population hysterics have tried to convince Americans to aim not just for zero population growth in the U.S. but its complete reversal.
With Hamas Rockets falling on Israel, massive layoffs decimating America's family's finances, and Barack Obama demanding massive tax increases or he will drive us over the fiscal cliff, we cannot help but day- dream about four years from now.
Savage: 401(k) Fee Disclosure Provides Much Information, Little Recourse
Hey, Harry Reid, is this Baptist Preacher a Liar, too? Pastor Hit by Truck Another ObamaCare Victim | Todd Starnes