Free Republic

As someone who is constantly researching retirement, I find the recent funding cuts to military retirees very disheartening. Worse yet, I see this as a move to establish ground zero for the testing of changes to Social Security benefits. On Wednesday, the Senate passed a bipartisan budget that scales back cost of living adjustments for working age military retirees starting in 2015. Several sources including Military.com suggests that qualified participants could lose between $3,700 and $6,200 per year, or an aggregate between $83,000 and $124,000 before they retire based on rank, age and years of service. Despite some protests, a...

A new study just published by the National Institute on Retirement Security – “Race and Retirement Insecurity in the United States”- presents a dismal snapshot of the state of retirement savings of minority American families. It reports that 54.3 percent of blacks work for employers that offer retirement plans compared to 62.3 percent of whites. And 43.9 percent of blacks participate in those plans compared to 53.9 percent of whites. Among Latinos, 37.8 percent work for employers with retirement plans and just 29.7 percent participate. Only 37.9 percent of non-white Americans have assets in a retirement account compared to 63.4...

We are locked in a generational war, which will get worse before it gets better. Indeed, it may not get better for a long time. No one wants to admit this, because it's ugly and unwelcome. Parents are supposed to care for their children, and children are supposed to care for their aging parents. For families, these collective obligations may work. But what makes sense for families doesn't always succeed for society as a whole. The clash of generations is intensifying. Last week, a federal judge ruled that Detroit qualifies for municipal bankruptcy. This almost certainly means that pensions and...

In a message to its members, MoveOn.org, a liberal advocacy group, hailed the Social Security “expansion movement” launched by Sen. Elizabeth Warren (D-Mass.). In a speech on the Senate floor, and in television interviews, Warren recently declared, “The era of fighting about cutting Social Security is over, and now it is time to talk about expanding Social Security.” According to MoveOn.org, “Our progressive champ (Warren) isn’t alone—more than 150,000 MoveOn members have already backed Senate and House plans for increasing Social Security benefits, not cutting them.” …

Goldilocks wrote: The statement is quoted out of context. NY Times Musters Hillary Defense Of O’Care “What Difference Does It Make?” Dear Comrade Locks, Ok, so let me put it in context for you. Ambassador Chris Stevens, Tyrone S. Woods, Glen Anthony Doherty and Sean Smith died on or shortly after September 11th, 2012 in a terrorist attack on the embassy in Benghazi, Libya by supposed allies of the Obama administration. The administration was supposedly acting on behalf of the American people. But yet, no one really knows why this terrorist attack happened. Still. At the time Obama said that...

Submitted by Gary Galles of the Ludwig von Mises Institute,“We paid our Social Security and Medicare taxes; we earned our benefits.” It is that belief among senior citizens that President Obama was pandering to when, in his second inaugural address, he claimed that those programs “strengthen us. They do not make us a nation of takers.”If Social Security and Medicare both involved people voluntarily financing their own benefits, an argument could be made for seniors’ “earned benefits” view. But they have not. They have redistributed tens of trillions of dollars of wealth to themselves from those younger.Social Security and...

(VIDEO-AT-LINK) JUDGE ANDREW NAPOLITANO: Juan, fasten your seat belt. The federal government should stay within the confines of the constitution. The constitution does not authorize the federal government to have anything whatsoever to do with healthcare. So, Obamacare should be abolished along with Medicare, Medicaid and Social Security, but the people who are on those programs should be grandfathered in because they paid money to be in there and they've ordered their lives to stay there. The states should regulate healthcare because the states retain that power under the constitution. So, if you want if you want mandatory healthcare, go...

There’s more to the deceit and dishonesty about Social Security and Medicare discussed in my recent columns. Congress tells us that one-half (6.2 percent) of the Social Security tax is paid by employees and that the other half is paid by employers, for a total of 12.4 percent. Similarly, we are told that a Medicare tax of 1.45 percent is levied on employees and that another 1.45 percent is levied on employers. The truth of the matter is that the burden of both taxes is borne by employees. In other words, we pay both the employee and the so-called employer...

Throw-away track phones bought at a nearby dollar store. Private investigator hired to trail working mom. Massive document shredding days. Bashing of hard drives. Office Chaos. Wow. Is this the latest fiction novel on a crime themed best seller list? No. These are actual references in US House of Representatives hearings on the massive Social Security Disability Fraud Scandal. Honest and dedicated federal employees, sickened and disgusted over the theft of money and services of US taxpayer dollars filed a whistleblower lawsuit to blow the lid off of a scandal that looks to bankrupt a federal agency founded for the...

Throw-away track phones bought at a nearby dollar store. Private investigator hired to trail working mom. Massive document shredding days. Bashing of hard drives. Office Chaos. Wow. Is this the latest fiction novel on a crime themed best seller list? No. These are actual references in US House of Representatives hearings on the massive Social Security Disability Fraud Scandal. Honest and dedicated federal employees, sickened and disgusted over the theft of money and services of US taxpayer dollars filed a whistleblower lawsuit to blow the lid off of a scandal that looks to bankrupt a federal agency founded for the...

According to a recent report by the Congressional Budget Office (CBO), different generations have paid and will continue to pay disparate amounts of Medicare and Social Security payroll taxes, and they will also receive dissimilar amounts of Medicare and...

Can anybody cite the law that exempts people (Sellers) from divulging their SS#s during real estate transactions? I know this can be done (at least in NH) because I was at a closing 8.5 years ago, where the Seller was refusing to release his. The in-house lawyer was then called upon and, when he came out, he and the Seller had a bit of a back-and-forth about it in front of everyone. The Seller then told the lawyer that he could prove it to him if he'd just come with him outside the room (presumably out to a telephone?). When...

Stan Druckenmiller makes an unlikely class warrior. He's a member of the 1%—make that the 0.001%—one of the most successful money managers of all time, and 60 years old to boot. But lately he has been touring college campuses promoting a message of income redistribution you don't hear out of Washington. It's how federal entitlements like Medicare and Social Security are letting Mr. Druckenmiller's generation rip off all those doting Barack Obama voters in Generation X, Y and Z. "I have been shocked at the reception. I had planned to only visit Bowdoin, " his alma mater in Maine, he...

How do you solve a problem if you refuse to admit you have one — or if you delude yourself into thinking it's not as bad as it actually is? The answer: You don't. You might minimize symptoms and make some progress. But unless you address the root cause, you will not find a real long-term solution. Unfortunately, far too many politicians in Washington refuse to acknowledge — and as a result, never accurately describe — the challenges currently facing America. I'm not sure why so many choose to keep their heads in the sand, but their state of denial...

In prepared remarks given in advance to the Huffington Post, AFL-CIO President Richard Trumka warns Democrats against accepting any budget deal that includes cuts to Social Security, Medicare or Medicaid, and even goes so far as to threaten to end the career of any politician who fails to heed his call. “No politician … I don’t care the political party … will get away with cutting Social Security, Medicare or Medicaid benefits. Don’t try it,” Trumka says, according to the Huffington Post. “This warning goes double for Democrats,” he continues. “We will never forget. We will never forgive. And we...

A number of years ago I was between flights on a business trip and was sitting in an airport restaurant having lunch. It was right after the 2008 presidential election and I knew that the election of America’s first black president, a man of the hard left, would make my job bringing a conservative message to black communities much more challenging and difficult. As I ate my sandwich I glanced at the wall and saw a sign with a quote from General Douglas MacArthur. It said, “We are not retreating – we are advancing in another direction.” I was...

As gun sales break records—partly because of fear of coming gun control from the Obama administration—supplies of ammo ran so low that gun stores and ranges have to ration ammunition. Meanwhile, rumors of mass purchases of ammunition made by government entities began to fly around the Internet. Making all this even worse is that fact that it hasn’t been a short-term supply problem. Now well over a year since the shortages of popular types of ammo began there are still empty shelves and rationing here and there around the United States.

A former Social Security official has pleaded guilty to identity theft on accusations he used information from the federal agency's database and took more than $160,000 of a Coventry man's stock investments. ... Hurst, who was assistant district manager for the Social Security Administration in Warwick, used a Social Security database to find personal information such as a Social Security number and date of birth.

I wanted to share a quick story about something that happened in our household today and 3 days ago with a friend of mine as well of 23 years. My wife is on permanent disability for the remainder of her life due to a number of health reasons from on and off cancer battles to other sustained health issues that prevent her from working. My friend Cory injured himself on the job a few years ago breaking his back, right knee, and shoulder. Both have been getting around $1,000.00 a month in disability. My wife puts that money towards the...