From the New York Times, we read this: Picture the next major American city to go bankrupt. What springs to mind? Probably not the swagger and sprawl of Dallas. But there was Dallas’s mayor, Michael S. Rawlings, testifying this month to a state oversight board that his city appeared to be “walking into the fan […]
Tag Archives: Social Security
401(k): The Lie.
Do you have a 401(k)? Have people suggested you open a 401(k)? Either way, read this: You need to know this number: $18,433.That’s the median amount in a 401(k) savings account, according to a recent report by the Employee Benefit Research Institute. Almost 40 percent of employees have less than $10,000, even as the proportion […]
Obama Silent on Social Security, Medicare Crisis?
On Fox News, we read: If there were any doubts that President Obama has moved beyond trying to tackle the $18 trillion national debt, his State of the Union address should put them to rest: He’s over it. The president on Tuesday night pitched an ambitious package of tax hikes for some, tax cuts for […]
Welfare Slaves: At Least 35% Of Americans Receiving Welfare.
Potentially the most insidious trend amongst the populace of America is the entitlement mindset. This is a truism; we hear it all the time. That does not make it any less true. According to the U.S. Census Bureau, a staggering 35% of all Americans receive some type of federal welfare benefit. And that’s just federal […]
The USA – Future Totalitarian Dystopia?
There are a number of serious political and economic questions to be asked about the future of America. In the economic sphere, we are in uncharted territory. The total supply of money in the U.S. has never been as high as it is now. Even 10 years ago, this rate of monetary expansion would’ve been […]
Britain on the Brink – Welfare Collapse Within Two Years?
An influential British think-tank, the Institute for Economic Affairs, has recently released a study in which they say that Britain faces “crippling” tax increases and cuts to welfare spending possibly within the next two years, as the elderly population continues to grow. As the Telegraph reports: Britain faces “crippling” tax rises and spending cuts if […]
Welfare Spending To Replace Military Spending, CBO Suggests.
A study conducted by the Congressional Budget Office (CBO) has suggested that the push for cuts in Military spending are being fueled by a corresponding increase in welfare spending, specifically under the banner of Social Security, Medicare, and Medicaid. The cuts in military spending have been confirmed to involve a massive downsizing of the Army, […]
American Birth Rates Lowest Ever: What It Means for Welfare.
Birth rates in most advanced nations are very low. This is not a surprise. It has been observed throughout history that more advanced economies typically experience a lowering birth rate. There may be many different reasons why this occurs in any given nation, but I think the main reason is this: Large families carry larger […]
