Some readers, who are old enough to remember defined pension plans weren't just for unionized workers, may still think they are better off with IRAs and 401Ks, originally sold as tax-free until you retire. Advice from employers promised the new plan was better than a pension. You could put away as much as the equivalent … Continue reading Tax Time: that 401K / IRA may end up costing you more than just investing for Capital Gains
American politics' number one weasel and 2012 Bilderberg attendee, Willard "Mitt" Romney (R-Utah), is pushing Congress to appoint special commissions to "reform" (cut) Social Security and Medicare under the guise of Homeland Security. The bill's title is a perfect misnomer: Time to Rescue United States Trusts Act (TRUST). The "security" farce is that public health … Continue reading “TRUST” Act can end Social Security as we know it – fast track rules for approval – only two hours debate!
The corporate exec was sincere when he explained to me why he didn't pay most of his workers a wage higher than $14.25 an hour: That rate keeps them under $30,000, and that's about the cutoff for Medicaid and many other public assistance programs for a family of three. Without Medicaid they would have to … Continue reading Young couple (drive two Ferraris and own a $700,000 home) charged $21 for 3-day hospital stay. Average senior pays $1,364.
“As long as I’m president, no one will lay a hand on your Medicare benefits,” President Donald Trump told the seniors at The Sharon L. Morse Performing Arts Center. He was celebrating the October, 2019 signing of his executive order to allegedly “protect and improve” the program. Most of the audience clapped, but some had … Continue reading Medicare destruction initiated by Trump, sounds like Paul Ryan. Mr. President feeds us “fake news” to enrich healthcare industry
Medicaid rules changed when President Barack Obama pushed through the Affordable Car Act (ACA) and he ensured that the very rich could join low-cost Medicaid, while the working class had to pay high medical expenses, either at work with private insurance or retired under Medicare. While I'm sure Jeff Bezos would never stoop his mightiness … Continue reading Jeff Bezos could go on Medicaid if he played it correctly, but the average working Jill can’t
What government pretends to owe... The Social Security Trust Fund of some $2.8 trillion is often listed in charts - such as the one above - as part of the National Debt. This particular graphic, the latest available, is from the Federal Reserve, an institution that is part of the huge debt and is owed … Continue reading Federal Reserve is now big part of National Debt for bailing out banks; Social Security $$ not owed to us?
Retired NYC sanitation worker makes $285K a year from pension That New York Post headline made many folks angry. Do garbage collectors get pensions worth more than they deserve? Are evil unions behind this? Or dopey Dems? Or a PC still running only DOS? To illustrate their point, the newspaper published a photo, sort of … Continue reading N Y Post can’t stand fact that worker earned a big pension while pub’s boss is worth $15,700,000,000
Ayn Rand's novel, Atlas Shrugged, begins with a simple question: Who is John Galt? The answer comes in the last third of that 1957 book, where Galt emerges as the champion of capitalism and defender of Rand's Objectivism philosophy, which has opposed: Child and Adult Care Food Program Federal Housing Assistance Food Stamps Head Start … Continue reading Ryan thinks he is John Galt – defender of the rich, enemy of the poor, not a denizen of the swamp?