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Can the young Atlas support the heavy burden of an aging population? 58...
mybudget360.com / March 27, 2014 Social Security was never designed as a long-term retirement plan. According to the Social Security Administration for elderly beneficiaries, 53 percent of married...
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The looming retirement train wreck: Pension issues, lack of retirement...
mybudget360.com / by mybudget360 / March 29, 2014 The concept of retirement is a fairly modern one. In fact, we can argue that only one generation actually got to enjoy a long and relatively healthy...
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America’s Tax on Success
dailyreckoning.com / By Gregory Bresiger / Apr 1, 2014 Over the past 80 years or so governments have been expected to provide more and more social services. That means bigger and bigger bills for the...
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Entitlement Reform Less Politically Viable After Affordable Care Act Missteps
financialsense.com / BY FS STAFF / 04/04/2014 In its latest Budget and Economic Outlook, the CBO says “deficits are projected to decline through 2015 but rise thereafter, further boosting federal...
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SOCIAL SECURITY, TREASURY STEALING EVERY LAST PENNY FROM AMERICANS
dollarvigilante.com / By Jeff Berwick / April 15, 2014 All of the sudden the government lays claims to your savings. They can’t prove you owe them a dime, but you’re deprived due process. The legal...
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What’s A Trillion Among Friends?
brucekrasting.com / BRUCE KRASTING / SATURDAY, APRIL 26, 2014 The Congressional Budget Office (CBO) came out with its latest baseline estimates for Social Security (SS) this week. This is the full...
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THE LONG HISTORY OF BLM’S AGGRESSIVE CATTLE SEIZURES
breitbart.com / by KERRY PICKET / 30 Apr 2014 Every month, Raymond Yowell, the 84-year-old former chief of the Shoshone Indian Tribe in northeastern Nevada, has almost $200 garnished from his $1,150...
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The impending retirement crisis: Pushing the financial constraints of an...
mybudget360.com / by mybudget360 / May 6, 2014 There is a looming retirement crisis on the horizon. Most Americans are ill prepared for a long-term retirement. Back in the early 1980s, over 60 percent...
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What Does The Coming Reset Mean To You? Part 2.
blog.milesfranklin.com / By Bill Holter / May 13th, 2014 I assume that a re set of currencies and financial markets are close at hand because the imbalances have gone too far mathematically. I also...
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Former Treasury Secretary Timothy Geithner claims White House asked him to...
nydailynews.com / BY ADAM EDELMAN / Monday, May 12, 2014, 2:37 PM Former Treasury Secretary Timothy Geithner alleges in a new memoir that the White House asked him to lie during television...
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Should You File Early For Social Security
streettalklive.com / By Scott Bishop / June 9, 2014 Per the Nationwide Financial survey released last Wednesday (June 4th), 38% of retirees who claimed Social Security benefits before full retirement...
View ArticleLaurence Kotlikoff: Social Security Is Grossly Unfair, Insolvent, and Needs...
financialsense.com / June 5, 2014 Jim welcomes back Laurence Kotlikoff, Professor of Economics at Boston University. Professor Kotlikoff has provided expert testimony on numerous occasions to the...
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Meet The Disability Judge Who Snoozes In Court And Always Awards...
davidstockmanscontracorner.com / by David Stockman / June 11, 2014 If you have wondered why the social security disability (DI) rolls are soaring, the article below may prove enlightening. Also note...
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Why Seattle’s Minimum Wage Hike Matters to Seniors
news.goldseek.com / By Dennis Miller / 8 July 2014 The US is gearing up for mid-term elections this November 4—so much so that Rolling Stone announced the relaunch of the “Rock the Vote” campaign last...
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Another Warning on Social Security
teapartyeconomist.com / by Gary North on August 1, 2014 MarketWatch has published another run-of-the-mill article on the Social Security crisis. I have read these for over 40 years. They all have the...
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We’re Relying on Phantom Wealth to Fund Our Retirement
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / TUESDAY, AUGUST 12, 2014 Phantom wealth cannot possibly fund unprecedented retirement and healthcare promises. The narrative that Social Security,...
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Average Salary in US: What does the average salary in the USA have to do with...
mybudget360.com / by mybudget360 / August 12, 2014 What is the average salary in the US? It is a challenge to get your hands on this data since a big portion of income figures are reported via median...
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Spain Dips 37% Into Social Security “Piggy Bank”, Fund Depletion in 4 Years...
globaleconomicanalysis.blogspot.com / by Michael Shedlock / August 21, 2014 The “recovery” news in Spain keeps piling up. Via translation from El Economista, Government has already taken 37% of the...
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40% of U.S. on Welfare; Obamacare Expands Welfare by 23 Million; More on...
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Saturday, August 23, 2014 3:54 PM As a result of Obamacare Medicaid expansion coupled with means-tested Obamacare assistance, I estimate...
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The Fatal Flaw That Will Bankrupt Our Democracy
The long term path of the social security deficit, from the 2013 Social Security Trustees report. acting-man.com / By Bill Bonner / August 26, 2014 Diagrams and Forecasts We’re still in the lazy days...
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A day of reckoning has arrived to retiring Americans: 63 percent of Americans...
mybudget360.com / by mybudget360 / August 29, 2014 The notion of retirement is a fairly new one outside of wealthy circles. For most of civilized history, people worked until they died. Not a glamorous...
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Franklin Roosevelt: On Labor, Wages, and Confidence
jessescrossroadscafe.blogspot.com / 01 SEPTEMBER 2014 “After many requests on my part the Congress passed a Fair Labor Standards Act, what we call the Wages and Hours Bill. That Act –applying to...
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How The Fed “Mysteriously” Eliminated $7 Trillion In US Debt
zerohedge.com / by Tyler Durden on 09/08/2014 14:04 Anyone looking at the Federal Reserve’s own data set, that provided with the generous “free” funding of the US taxpayer by way of the St. Louis...
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Obama’s Long Battle to Cut Social Security Benefits
washingtonsblog.com / by Eric Zuesse / September 24, 2014 On 12 November 2007, the great blogger “Mike the Mad Biologist” headlined “Obama Has Lost My Vote” and gave as his reason Obama’s having used...
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Before Government Pays You Anything – They Search A Massive Database that...
armstrongeconomics.com / by Martin Armstrong / September 30, 2014 Before the government will pay you Social Security, they do a credit search and then if you owe anything – they deduct it. It has been...
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No Country For Young Men: 78-Year-Old Former Exec Still Flipping Burgers For...
zerohedge.com / by Tyler Durden / 10/07/2014 22:02 -0400 We noted last week that recent job data shows a strong tendency for “hiring grandparents” as only the over-50s cohort have seen real employment...
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What Happens When Government Collapses?
armstrongeconomics.com / by Martin Armstrong / October 10, 2014 QUESTION: Mr. Armstrong, Thank you for freely educating all who choose to listen to facts and not opinion. You have greatly helped me...
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One-third of working Americans support two-thirds of the population: The...
mybudget360.com / by mybudget360 / October 20, 2014 There still seems to be little acknowledgement of the massive army of people now falling into the category labeled as not in the labor force. Some of...
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50 Percent Of American Workers Make Less Than 28,031 Dollars A Year
theeconomiccollapseblog.com / By Michael Snyder / October 23rd, 2014 The Social Security Administration has just released wage statistics for 2013, and the numbers are startling. Last year, 50...
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Will You Light $180,000 on Fire by Taking Social Security at Age 62?
news.goldseek.com / By Dennis Miller / 18 November 2014 On the television series Dragnet, Sgt. Joe Friday was known for his calm demeanor while questioning witnesses. When they began to ramble, he...
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Economic goals of young and old pulling in diverging directions: times will...
mybudget360.com / by mybudget360 / November 24, 2014 Older Americans tend to vote in larger numbers and are more interested in politics than younger Americans. In the past the older voting cohort was...
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The Welfare Costs of Amnesty — Chump Change
teapartyeconomist.com / breitbart.com / November 26, 2014 It annoys me that we get stories like this. The Social Security costs of putting 4 million illegal immigrants onto the rolls of Social...
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Social Security helps keep half of elderly Americans from poverty: Social...
mybudget360.com / by mybudget360 / Dec 7 2014 Social Security was never designed as a long-term retirement plan for millions of Americans. Yet Social Security has become the default retirement plan...
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Trial Lawyers’ Wheel Of Fortune: Scalped $1.2 Billion From 2013 Disability...
davidstockmanscontracorner.com / By NCPA via ncpa.org / December 8, 2014 Social Security’s financial woes due to an aging American population are hardly news. However, the elderly are not the only...
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How Inflation Changes Retirement Benefit Choices
gold-eagle.com / Daniel R. Amerman / December 17, 2014 One of the most important financial questions someone of retirement age in the United States faces is when to start collecting their Social...
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Immigration Control: Federal Social Engineering
garynorth.com / By GAry North / December 22, 2014 Central planning by the federal government is officially opposed by conservatives until you show them a marker that says “United States” on one side,...
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Standard American Retirement plan equates to flying by the seat of your...
mybudget360.com / by mybudget360 / December 30, 2014 Social Security keeps half of elderly Americans out of poverty. You need to recall that many older Americans came of age during the 401k cult...
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10% Of Morgan Stanley High Net Worth Clients Just Had Their Data Stolen
zerohedge.com / by Tyler Durden on 01/05/2015 11:17 *MORGAN STANLEY SAYS DATA BRIEFLY POSTED ON THE INTERNET In what can only be described as a puiblic relations disaster, Morgan Stanley has just...
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Record 93 million Americans now not in the labor force: The non-working...
mybudget360.com / by mybudget360 / JAN 10, 2015 The employment report came out today and what you would take as good news sent the market moving lower. Why? A large number of the jobs added were in...
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Only 4 out of 10 Americans has enough in their savings to pay for an...
mybudget360.com / by mybudget360 / January 13, 2015 There is little motivation to save when your local bank is offering close to zero percent on your savings account. And most Americans simply do not...
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Which state has half of its eligible adults not working? The dismal...
mybudget360.com / by mybudget360 / January 15, 2015 People have a hard time wrapping their minds around the fact that 93 million Americans are not in the labor. In December alone we added over 451,000...
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A demographic tsunami looms: By 2020 we will have 20 percent of our...
mybudget360.com / by mybudget360 / February 17, 2015 Kicking the can down the road has a nice appeal. It is the same allure that comes from procrastinating. Putting off the dirty work for another...
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Brinkmanship, Yes, but Where is the Brink ?
marctomarket.com / by Marc Chandler / February 20, 2015 Without top tier data in the US, and another Arctic chill, look for a subdued North American session, with much of the focus on the Eurogroup...
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Greece Said To Tap Social Security Capital To Fund T-Bill Rollover
zerohedge.com / by Tyler Durden / 03/04/2015 08:12 -0500 As reported over the past two days, in order to fund the payment on various imminent debt maturities to the IMF, the cash-strapped Greek...
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Disability: A Problem We Refuse To Address
market-ticker.org / by Karl Denninger / 2015-03-03 Once again Congress is likely to do something stupid. Really, really stupid. Sometime next year Social Security’s $150 billion disability-insurance...
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When Fraud Is The Government Model….
market-ticker.org / by Karl Denninger / 2015-03-14 …. why would you not expect everyone else to “cash in” using the very model you designed? More than 4,000 people availed of the government’s...
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THE REAL REASON THE AMERICAN DREAM IS UNRAVELING
theburningplatform.com / By Jim Quinn / 22nd March 2015 Marketwatch posted an article this week titled Why the American Dream is Unraveling, in 4 charts. As usual, the MSM journalist and the liberal...
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Record 93.2 million Americans now not in the labor force: The not in the...
mybudget360.com / by mybudget360 / April 5, 2015 In the last year alone we have added 2.1 million Americans to the “not in the labor force” category. This mysterious category continues to grow and is...
View ArticlePrinting False Hope in a False Reality
silver-coin-investor.com / By Dr. Jeffrey Lewis / April 13, 2015 Western, especially U.S., equities have become the leading sentiment indicator for the masses. And while the masses are not necessarily...
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I believe we have a moral obligation to starve the beast.
sovereignman.com / By Simon Black / April 15, 2015 On August 5, 1861, facing rapidly deteriorating economic conditions and a horrible defeat at Bull Run, President Abraham Lincoln signed the Revenue...
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