Social Security

It’s Rule 5 Saturday Sunday!
Why Are People So Forgiving of Government Failure?...

Gimme Some Land!

2011-03-03

Walter Williams has a great proposal for the federal government: Take My Social Security, Just Give Me Land!...

So Sharron Angle wants to transition Social Security into personal accounts that the politicians can't raid ... And ...

Mr. Speaker, I am pleased to commemorate Older Americans Month by introducing two pieces of legislation to reduce ...

Nancy Pelosi, the United States Speaker of the House and America's #2 most powerful elected official, claimed that ...

Our national debt is currently the highest its ever been in history.  Not counting the legacy costs of Social Security and Medicare, the national debt is over $11 trillion!

How did this happen? The politicos in Washington (the 545), seem to have little (if any) respect for the taxpayers who are on the hook for this debt (and a few are probably just naive), so they just spend and spend and spend!

David M. Walker, former Comptroller General of the United States and head of the GAO, has created a documentary titled "I.O.U.S.A." I watched the entire film the other night and I must say, this should be mandatory viewing for every person in America! And in every school's curriculum!

This is a very important film.

The movie explains the national debt, foreign trade deficits, our decrease in personal savings, how the prime interest rate works, and the politics of it all ...  The United States is broke, and probably going bankrupt in our lifetime.   This is the most important issue of our time.

Go get this movie and watch it! At the very least, please take the time to watch the byte-sized (30 min) version below the fold.

It's raining, pouring, economic fallacies by the hour, followed by a flood of horrible policy that is driving us ever further into economic depression. The regime in charge has really gone nuts, revealing itself as both deeply ignorant and horribly evil.
We find ourselves facing the horror of what has always been the Achilles heel of the left wing: its abysmal ignorance of economic science. The ideological tendency has gone from Keynesianism to outright socialism in a matter of a few weeks.
And the trajectory seems to be accelerated mainly by the logic of the interventionist cycle: bad policy leads to bad results that are addressed through bad policy, and so on, straight down the fast track to serfdom. Obama's attachment to "transparency" — the buzzword of the day — allows all intelligent people to observe the sickening sight in real time, and to the cheers of the kept class of intellectual phonies like Ben Bernanke and Paul Krugman.

We continue to hear the knee-jerk reactions of blaming the "unfettered free markets" for our current economic situation.  We've also been told that social security must NOT be privatized, because investing in bonds, mortgage-backed securities, and gasp ... the stock market (via diversified mutual funds) ... is just TOO RISKY!

But has anyone stopped to think about the "unfettered" bailouts, impulsive regulations, and short-sighted policies of the government?

Or should I ...