Bernie Madoff ran the world’s largest Ponzi scheme by promising to invest his client’s money in productive enterprises and pay them generous returns, when in fact he spent the money and manufactured fake statements. Those returns, if any, were funded…
Tag: Social Security
More Bad News for Seniors
The Social Security and Medicare Trustees have issued their annual reports detailing the financial state of America’s two largest programs. The reports echo past conclusions: Social Security and Medicare are still going bankrupt. According to the report, the combined (retirement…
There Is No Trust – There Is No Fund
“Political language is designed to make lies sound truthful and murder respectable, and to give an appearance of solidity to pure wind.” George Orwell Speaking of lies, any politician who tells you there is a Social Security Trust Fund or…
Is the National Debt Really That Bad?
Recent data from the U.S. Treasury shows that the government has amassed $84.3 trillion in debts, liabilities and unfunded Social Security and Medicare obligations, or $670,000 for every household in the U.S. This fiscal burden equals 93% of the nation’s…
SSA Finalizes New Gun Prohibition Rule
On Monday, Barack Obama’s Social Security Administration (SSA) issued the final version of a rule that will doom tens of thousands of law-abiding (and vulnerable) disability insurance and Supplemental Security Income (SSI) recipients to a loss of Second Amendment rights under the guise of re-characterizing them as…
The Tidal Wave Is Coming
With all the vile bitterness of the current presidential nomination campaign, people have a tendency to turn a deaf ear to the background noise but that background noise is growing louder and it’s time to listen. The role of the…
Social Security, A Fool’s Bargain
For those contemplating retirement and those that are hoping that Social Security actually exists when you are able to retire – I offer a few basic tidbits on how Social Security works. The Social Security Administration wants you to know…
By Voting Jackass, Here’s Your Vote At Work
Don’t Speak English? Congratulations, You Can Apply for Disability That goes double if you’re in Puerto Rico, a Spanish-speaking area because apparently illiteracy is a disability for Americans and so is not speaking English for Puerto Ricans… in Puerto Rico.…
Social Security Plans to Purchase 175,000 HP Ammo – Why?
(CNSNews) SSA posted a “Request for Quote for Ammunition” on the FedBizOps.gov website on Aug. 7. The request listed the commodity that SSA desired as “.357 Sig 125 grain bonded jacketed hollow point pistol ammunition.” The quantity listed was “174…