Earlier this year, President Barack Obama warned that Social Security checks will be delayed if Congress fails to increase the government's borrowing authority by raising the debt ceiling. However, there's an issue with this warning.
Journalist Bill Moyers, who worked as an assistant to President Lyndon Johnson, shared memories in a column last year about how his old boss thought about our entitlement programs.
Oh, how far-removed we are from what now seems like the "innocent" Bill Clinton days when all we had to worry about was the various definitions of the word "is". And now, after watching President Obama's second term inaugural address, it is clear we have a president who calls into question the meaning of the word "liberty."
Last week the inside pages of the daily newspapers mentioned something that should alarm every American taxpayer. The little noted expiration of the two year old payroll tax break of 2011-12, and the consequent increase of the Social Security payroll tax from 4.2% of wages paid to 6.2% of wages paid became effective on New Years Day, 2013.
President Obama's second inaugural address will be full of lofty sentiments and promises to move us forward. But I'd like to suggest that instead of eloquent and uplifting rhetoric, the president do something unexpected and brave.
It's often good fun and sometimes revealing to divide American history into distinct periods of uniform length.
Republicans are 1-4 against President Obama, having lost two elections and two big showdowns with him. The only time the GOP won a round was after the blowout of 2010, and that win was limited in time –a two year extension of the Bush era tax rates.
At the Potsdam conference with Harry Truman and Josef Stalin, Winston Churchill learned that the voters of the nation he had led for five years through World War II had just voted to throw him out of office.
America is now in a time that in some ways resembles the 1850s, when freedom-loving people, attentive to political and cultural trends, saw a great crisis coming.
Democrats in Washington declare that they will absolutely, positively allow no changes whatever in the nation's unsustainable entitlement programs -- Social Security and Medicare.
Greek mythology, with its tales of Zeus, Apollo and Hera doesn't have a thing on the mythology that liberals have created around themselves. There's Bubba, the President who can feel your pain, BO the leader who has the ability to never be blamed for anything and, of course, the wronged woman Fluke who the gods granted free birth control for the rest of her life for not being allowed to speak to a committee...or something.
Here, the percentage of labor compensation represented by wages and salaries has fallen from 95% in 1951 to just over 80% in 2011.
Since Republicans are pushing entitlement reform and Democrats like taking money from rich people, you might think they could agree on means-testing Medicare and Social Security as part of a deficit reduction deal.
President Obama’s offer to Republicans to save the country from its fiscal cliff plunge is one big joke. Senate Minority Leader Mitch McConnell said he “laughed” when Treasury Secretary Tim Geithner, Obama’s cliff negotiator, unveiled it to him. Laughable is right when you consider the president’s outlandish request calls for tax hikes on higher earners, the one thing Republicans repeatedly have warned Obama, since day one of his presidency, were non-starters to any budget or deficit reduction talks.
Americans are very generous to people with disabilities. Since passage of the Americans With Disabilities Act in 1990, millions of public and private dollars have been spent on curb cuts, bus lifts and special elevators.
Jimmy Carter is redeemed! The grinning dunce of yesteryear, who grew into the anile doddering figure of today, lecturing the civilized on all manner of statecraft, has been replaced by the saturnine gaunt prophet, Barack Obama. His sorry performance these past four years he lays to the administration of George W. Bush. The next four years will be a replay of the last four years, and an even graver crisis will confront us then with the domestic economy in a funk and foreign potentates all laughing at us.
Townhall Magazine Editor Elisabeth Meinecke discusses how U.S. debt has surpassed Europe's.
Deutsch: "I’m Just Feeling a Mojo" from Obama "I’ve Never Felt Before"..."It Feels Good!" | Greg Hengler