Skip to main content

IRS Can't Steal Money Fast Enough, U.S. Treasury Starts to Eat Social Security Trust Funds


By: Howard Gold

"Almost lost amid the torrent of recent news was a sobering item that will surely have far-reaching consequences.

The U.S. government announced that for the first time since 1982, it is tapping into Social Security trust funds to pay current benefits to recipients and it is dipping into Medicare’s reserves to cover the costs of that program.

The trustees also projected that the trust fund will run out of money by 2034 and that Medicare’s fund for paying costly hospital bills will be depleted by 2026.

That may ultimately force a cowardly Congress to cut benefits, raise taxes, increase the eligibility age, or some combination of the three. For the 52% of Americans who rely on Social Security for more than half their retirement income and the 25% of retirees who get more than 90% of their income from the program, that would be a disaster."

Read the rest at
MarketWatch.

Popular posts from this blog

Ron Paul’s Devious Plan to Steal the Presidency

This is an absolute hoot! Ron Paul hating Republicans are in panic mode. The website Hillbuzz.org includes in its blogroll Ann Coulter, Michelle Malkin and Conservatives4Palin. Hillbuzz is so utterly revolting that I may just have to subscribe to its updates. Up until yesterday, I really hadn’t taken the Ron Paul campaign very seriously. Most non-Paul voters probably felt like I did, and laughed him off as that “kooky Uncle” who didn’t have a chance in hell to win the Republican nomination for President. Well, I’ve changed my mind. Big time. Yesterday I attended the Republican organizational convention for my Senate district here in Minnesota, and what I witnessed was an organized take-over of our nomination process by Ron Paul cultists. They came to this convention with the sole intent to take over as many of the delegate seats as they could, and sadly, they succeeded. Read the rest here Hillbuzz 

How To Gain More Twitter Followers

Earlier today, I wrote : "My goal is to write a book before the end of March. My goal is to spend no more than a week from start to publication, spending as much time as I need in order to get it done during that week. My goal is to give it away to you for free here on HumbleLibertarian.com. What's a goal you have? Something you may have been putting off for years? Something you could accomplish in one month if you were determined? If it's near-term enough of a goal, and specific enough of a goal, and you share it in the comments below, feel free to tell me how I can help you and I'll do whatever I can. If it's a libertarian / news / politics-related goal, my manner of help would be easy to determine. I could promote it, introduce you to someone via email, (etc.). If it's something apolitical like quit smoking cigarettes, start exercising, learn guitar, start a business, gain more Twitter followers, learn another language, eat a paleo diet, or...

IRS Admits Targeting Tea Party!

You think Matt Drudge is just being hysterical in that screenshot above? With that ALL CAPS headline about the IRS? Being hysterical, while trying to sell you chocolate covered strawberries for Mother's Day? Well guess again, because you know this is seriously crazy when even the AP is using all caps for their headline , and filing it under a subdomain called "bigstory": The AP says : The Internal Revenue Service inappropriately flagged conservative political groups for additional reviews during the 2012 election to see if they were violating their tax-exempt status, a top IRS official said Friday. Organizations were singled out because they included the words "tea party" or "patriot" in their applications for tax-exempt status, said Lois Lerner, who heads the IRS division that oversees tax-exempt groups. In some cases, groups were asked for their list of donors, which violates IRS policy in most cases, she said. "That was wrong. T...
–––As Featured On–––