MicroGroks
By Ross Connolly Congress was set to face a moment of reckoning in September. After years of reckless spending, the government would once again come up against the debt ceiling, meaning the country could no longer borrow to pay for out-of-control expenditures. This could have been a moment to begin getting serious about our mushrooming …
Congress kicks the can again, but is about to run out of road Read More »
There’s a bill Rep. Thomas Massie has sponsored the “Senior Citizens Tax Elimination Act”. Backers of the bill point out Social Security benefits used to be exempt from federal taxes. They are a government benefit. What sense does it make to give it with one hand and take it away with the other? Was it …
In an act of incredible irresponsibility the House yesterday passed spending legislation. It is supported by the President. If it clears the Senate as is, it will do four things. Federal spending will increase. The deficit will grow. Debt will increase. The limit on federal borrowing authority will be eliminated for two years. The 284-149 …
House Passes More Spending, Debt Limit Removal Bill Read More »
Authorizing spending is not the same thing as making a budget. If you don’t recognize a responsibility to not spend more than you take in, it is not a budget. The United States has not had a budget in more than a decade. The federal government is behaving like a teenager with a checkbook. It …
We Got More Checks… Just There’s No Money In the Account Read More »
Congressman Pappas describes Social Security as “foundational” and “a critical safety net”. If you believe that Congressman, then, why have you signed as a co-sponsor of Social Security 2100 Act? You wrote that, “… Members from both parties must come together to strengthen these benefits that Americans have earned through a lifetime of hard work…” …
Did you pay enough taxes this year? Thanks to the 2017 tax cut the typical American is now paying less in taxes than they were before this administration. Adding up the payroll and other taxes on earnings and income, the average American household pays more than $26,000 to the federal government each year. Ouch! Last …
I am now of that age to register for Social Security; a couple of months ago, I did so to start soon. I called at 3pm today to talk to a customer service representative to see if everything was all set. Upon being transferred from automated system (rather annoying that they have decided that you …
Quick Thought – Government has a “different” definition of “shortly” Read More »
I get emails with transcripts to the Rush Limbaugh show which I rarely look at but this caught my eye. Obama’s budget, the White House Budget, is using something called chained CPI, and Democrat Senator Elizabeth Warren is upset about that. She is upset because it could result in her brother getting less in Social …
Millionaire Elizabeth Warren’s Brother Barely Gets By On Social Security Read More »
The Right opposes Social Security because it is based on the social democratic idea that every person has worth, even if they are too old to work, and that no one should live in poverty. And so we debate! I received Professor Joseph Schwartz’s opening remarks on the defense of this line written by Maria …
A new study from the St. Louis Fed has provided us with this nifty graph. The Graph below shows spending by major categories as a percentage of GDP. Some may find this surprising. There are more charts at the link, also here at Hot Air. Take particular note of the graphs on revenue and spending relative …
