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yesteryear, who grew into the anile doddering figure of today, lecturing the civilized on all manner of statecraft, has been replaced by the saturnine gaunt prophet, Barack Obama.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.
DNC Chairwoman Debbie Wasserman Schultz described the Medicare reforms proposed by GOP Vice-Presidential nominee and House Budget Committee Chairman Paul Ryan (R-WI) as "literally a death trap for seniors." White House spokesman Jay Carney told reporters that Ryan's reforms would "change Medicare as we know it."
Mitt Romney has conceded that his thoughts, expressed at that Boca Raton, Fla., fundraiser, were "not elegantly" stated. Those mocking him might concede he has tabled one of the mega-issues of our time.
In order to collect a divorced-spouse benefit, you must be unmarried. If you did remarry, that marriage must have ended by divorce, death or annulment.
Current projections indicate that the Social Security trust fund for disability will be fully depleted in 2016, just four years from the present.
Rep. Pete Stark, 80, has seven children; three are minors, the product of his third marriage. He once told the Los Angeles Times that he calls the three youngest his "second litter." Lucky Stark. Thanks to a dated Social Security system, he enjoys a "second-litter" subsidy.
Enthusiastic young people paved the way for an Obama victory in 2008. From the viral “Crush on Obama” YouTube video featuring a bikini-clad young woman to the popular Obama-inspired rap videos, the Internet was buzzing with excitement over Obama’s message of “hope and change.” Fast-forward four years, and Obama has lost much his rock star appeal to millennials.
Random thoughts on the passing scene: Even squirrels know enough to store nuts, so that they will have something to eat when food gets scarce. But the welfare state has spawned a whole class of people who spend everything they get when times are good, and look to others to provide for their food and other basic needs when times turn bad.
All my friends seem to be taking Social Security on their birthday. I've heard this may not be the wisest choice. What do you think?
Last year, Congress agreed to $1.2 trillion in automatic spending cuts, unless politicians find other things to cut. They didn't, of course. So now, with so-called sequestration looming in January, panic has set in. Even the new "fiscally responsible" Republicans vote against cutting Energy Department handouts to companies like Solyndra and subsidies to sugar producers. Many claim that any cut in military spending will weaken America and increase unemployment.
June brought the perfect encapsulation of the Obama economy: More Americans signed up for disability benefits than got jobs. According to government statistics, 80,000 Americans found work last month, while 85,000 dropped out of the labor force altogether to collect Social Security Disability payments.
Did the French just elect a self-described socialist who wants to raise taxes on the rich? Yes, they did. Is President Barack Obama asking for four more years with an economic philosophy similar to that of the new French president? Yes, he is.</
Joe Biden at DNC Women's Lunch: I Sure Miss That Serial Sexual Assaulter Bob Packwood | Katie Pavlich