Category Archives: Social Security
N Y Post can’t stand fact that worker earned a big pension while pub’s boss is worth $15,700,000,000
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 artsy-fartsy, of a trash truck. That’s to show those readers, who live in gated communities, that there is a device, which removes that garbage the help takes out to the curb on Tuesdays and Fridays.
But back to that big pension – $285,000 a year.
The facts often get in the way of a sensational story, and this one is not an exception. Continue reading →
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
- Low-Income Home Energy Assistance Program
- Medicare & Medicaid
- Nationalized Health Care
- School Lunch and Breakfast Programs
- Social Security
- Special Supplemental Nutrition Program
- State Children’s Health Insurance Program
- Temporary Assistance for Needy Families
- The Pension Benefit Guaranty Corporation
- Title XX Social Services Block Grant Program
- Trade Adjustment Assistance
- Workers’ Compensation
Galt was not real, but he was a hero to the children of many wealthy families. These sheltered capitalists-in-training saw Ayn Rand as a hero, because she espoused that caring for nobody but yourself was not selfish, but a virtue. Continue reading →
When the right and left political wings agree, you can bet middle-class Americans are in trouble.
And if you are talking about Social Security, a new bipartisan plan spells major cuts in benefits, as the establishment is set to privatize our public retirement system after the mid-term elections next year.
About $2.8 trillion (2,800,000,000) has been borrowed since the 1980s from your Social Security contributions to pay for bureaucratic wars on poverty. to fight real wars on ungrateful Arabs, to sweetheart deals to campaign contributors, and to create a war machine larger than all other countries combined.
But the political class has decided it should not pay back this money, but will instead cut your Social Security benefits enough so they you only get benefits from FICA taxes paid in the current year, and receive none of the money borrowed from the Trust Fund, which will be dissolved. Continue reading →
GOP House passes plan to raise Medicare eligibility age to 67, then turn it over to insurance companies
Time after time, Mr. Donald Trump promised no cuts to Medicare and Social Security, but the current leader of the nation and Republican Party now seems to have a change of heart – to put it very kindly – or he has just wandered even deeper into the swamp.
It could be the President is distracted by his fake plan to lower taxes for the middle class and so he hasn’t noticed the GOP-dominated House passed its 2018 budget resolution on Thursday by a vote of 219-206. The cunning House Speaker Paul Ryan led his swarm to approve cutting $1.5 trillion from Medicare and Medicaid. Eighteen Republicans voted against the resolution, along with all the attending Democrats.
Robert Roach, who heads the Alliance for Retired Americans, was furious at the news: Continue reading →
“If you’re single and earn less than $25,000 per year, or married and jointly, and jointly earn less than $50,000 – so very important – if you’re single and make less than $25,000 or married and jointly earn less than $50,000, you’ll not pay any income tax. Nothing.” – Donald Trump
September 29, 2015
@2:00 – Less than $25,000 or jointly less than $50,000, pay no taxes
February 3, 2017
In January President Trump took office and almost immediately lowered the benefits of his “middle class” tax plan. Suddenly, the $25,000 and $50,000 standard deductions promised on the campaign were slashed 40% to just $30,000 and $15,000. Continue reading →
The Food and Drug Administration (FDA) last year had 4,036 generic drug applications waiting for approval. In October 2012, there was a backlog of 2,868 drugs. It now takes a median 47 months to approve a generic drug by the FDA – nearly four years.
What does this mean to the healthcare consumer?
First, it allows a drug company to continue selling their “brand name” drug because there is no replacement on the market. Brand name drugs are sold at incredible prices, pushed up by obscene profits, as well as constant advertising, plus promotion of drugs by medical professionals. To many in the health business, brand name drugs are the real money makers.
By comparison to the United States, the European FDA – the European Medicines Agency (EMA) – has just 24 generics awaiting approval. It takes about a year to get approval in Europe, one quarter the time of the U.S.
Why would it be faster to approve generics in Europe than here? The answer is that patients in America pay for their drugs, either directly or through health plan premiums. In Europe the government negotiates drug prices, because they are working to lower costs to benefit their citizens and reduce spending. It’s the difference between healthcare for profit or Continue reading →
71-year-old man shoots robbers at internet cafe in Florida
Last week, it became more dangerous to be old or disabled.
That’s because the Barack Obama brain trust ordained a rule that will force the Social Security Administration (SSA) to share records with the Department of Justice (DOJ) to look for so-called disabled or impaired individuals.
The government then decides whether or not to ban them from buying a gun.
The SSA maintains that “under our representative payee policy, unless direct payment is prohibited, we presume that an adult beneficiary is capable of managing or directing the management of benefits.” That means you better keep your checking account in your own name, and if you go crazy. just let someone handle your finances using only your name.
Social Security really needs to be reformed. Medicaid probably needs to be capped when it comes to the states. Medicare, there needs to be some sort of means testing.
The (Social Security) retirement age needs to be raised. A portion of Social Security ought to be privatized, if not all. And there probably needs to be some means testing. It’s a Ponzi scheme that’s not sustainable.
“Citing a story in USA Today, which reported that a rash of retirements in 2009 is pushing Social Security to the brink, Johnson said the retirement age needs to be raised perhaps to 70 or 72. “This is the reality, we’re broke,” Johnson said in 2012. Continue reading →
Alan Greenspan, former Federal Reserve chairman, current hubby of Andrea Mitchell (Hillary Clinton’s talking head at NBC), and long-time member of the Trilateral Commission, has a big problem
Al isn’t mad at the “pop” in pop-out-of-the-cake by some former girlfriend, like Barbara Walters. He sees a dangerous “pop”, the worst kind – the potential revolt of what he might call the “vast unwashed multitude of the deplorable and nonredeemable.”
Google identifies the threat to Al this way: Continue reading →
Fracker’s friend frets that you might retire and get your Social Security, instead of working to death
When Libertarian Gary Johnson proclaimed that Americans should not get their Social Security until age 72, he was actually condemning many to death before receiving any of their “earned benefits.”
That’s because the average life expectancy of a Black male in the U.S. is 68 years, meaning death four years before Gary would grant retirement security. While the average life expectancy for men in general is 76.9 years, men in the middle and lower income levels die five years sooner, or at 71.9. With a 72 retirement age, most men would die before that first Social Security check.
As an aside, male life expectancy in this country, where we work so long and hard, is ranked 32d in the world, behind such places as Costa Rica, Chile, Greece, Slovenia and Korea, as well as most members of the EU. We did tie with Cuba – for what that’s worth.
David Barton, another Johnson/Tea Party type, personified the big business view of Continue reading →