Free Republic

For the 202nd straight month, the number of Americans receiving disability benefits rose. The end of 2013 saw another record set - 10,988,269 Americans now on disabilty, up 6,000 from the end of November. CNS News: The average monthly benefit paid to a disabled worker also hit a record of $1,146.43 in December, up from a previous high of $1,130.34 in December of last year.Spouses of disabled workers also got a record average monthly benefit of $308.13 in December, up from a previous high of $304.31 in August. Children of disabled workers also received a record average monthly benefit of...

Barack Obama and the Republican House have a New Year’s greeting for you that you might not have heard about. The thieves in Washington are hitting us with a series of taxes that will take a noticeable bite out of your income. Here are some of these increases. The amount we pay for Social Security will jump from 4.2% to 6.2%. If you earn just $50,000 a year, this will mean an additional $1000.00 bite out of your wallet. The top marginal rate will rise to 39.6% from the previous 35%. This will impact couples earning over $450,000 and singles...

Uncle Sam, always generous to a fault with taxpayers' money, doled out about $108 billion in Social Security benefits to the dead in 2012.  Give or take a few billion, over a decade that's about $1 trillion going to folks who crossed the River Styx.  Or more likely their kin, who may or may not take portions of the proceeds to decorate their loved ones' graves.     The Washington Times reported on Friday that the Social Security Administration does a spotty job tracking Social Security recipients' deaths, hence the dollars for the dead.  Reports the Times:      "Because SSA does not verify death...

Federal auditors said Friday the Social Security Administration still struggles with a basic problem — figuring out who is dead and who is not. The question is a crucial one, since federal agencies rely on the administration to cross-match data on deceased persons and avoid paying out federally funded benefits to people who aren’t alive, or to establish accurate benefits for survivors. The administration also maintains a “Death Master File” that is available to the public. “SSA’s methods for processing death reports may result in inaccurate, incomplete or untimely information for users of its death data,” the Government Accountability Office,...

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...