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Tag Archives: Social Security
by Dr. Mark W. Hendricksen
Some have called August 2 “Financial D-Day.” That is the date, according to Treasury Secretary Geithner, by which either Congress raises the debt ceiling or some government disbursements will cease.
Multiple proposals have been floated for budgetary reforms to be made in exchange for raising the debt ceiling. A partial list includes: Rep. Paul Ryan’s (R-WI) plan to add $4.4 trillion less to the national debt than current trends project; … Read the Rest of this Post
Posted in Floyd Reports, News Reports, Opinion
Tagged Barack Obama, Cut Cap and Balance, Debt Ceiling, Government Spending, Social Security, Tax Hikes
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by Ben Johnson, The White House Watch
The scare and intimidation tactics the president has employed during the debt ceiling debate have grown so outrageous that two experts on the Social Security system are imploring Barack Obama, “Mr. President, please stop needlessly scaring the millions who rely on Social Security benefits.”
Obama warned in his nationally televised speech on Monday night that if Congress does not vote to raise the debt ceiling by August 2, … Read the Rest of this Post
Posted in Floyd Reports, News Reports, Opinion
Tagged Barack Obama, Debt Ceiling, Hoover Institution, Impeachable Offense, impeachment, Mark Scarberry, Michael McConnell, Nancy Altman, Pepperdine University, Pepperdine University Law School, Social Security, Thomas Saving, Timothy Geithner
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by Floyd and Mary Beth Brown
The media frenzy over Republican Senators and Barack Obama making nice over the debt ceiling crisis exposes for all Americans to see the extent to which both parties are aligned with Wall Street interests, and against the interests of Main Street and small business. The subject of this latest bipartisan love fest is the Gang of Six plan.
Americans want reform. The Republican majority in the House of Representatives … Read the Rest of this Post
Posted in Floyd Reports, News Reports, Opinion
Tagged Barack Obama, Debt Ceiling, Economic Issues, Government Spending, National Debt, Republicans, Social Security
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by Susan Stamper Brown
If indeed the road to Hell is paved with good intentions, President Obama and his cohorts in the Democratic Party must be feeling the heat on their backsides after the House voted to pass the Cut, Cap and Balance (CCB) plan.
In response to the GOP’s proposal, it should come as no surprise that White House spokesman Jay Carney would use scare tactics to suggest that the CCB bill would impose … Read the Rest of this Post
by Dr. Mark W. Hendrickson
We older Americans have saddled our youth with a mind-boggling public debt—over $20 trillion already spent ($14.3 trillion of “official” national debt plus various off-budget expenditures, according to the U.S. Treasury); trillions more of projected deficit-spending over the coming decade; and tens of trillions of dollars of unfunded liabilities.
By the time today’s toddlers can vote, it is likely that both the Medicare and Social Security funds will be exhausted. … Read the Rest of this Post
by Dr. Mark W. Hendrickson
The trustees of the Medicare system recently reported that the program will go broke in the year 2024—five years sooner than was projected just last year.
The millions of Americans who have been counting on Medicare to be a reliable, stable guarantor of affordable health care in their senior years should be asking themselves, “Who is responsible for this predicament?” The short answer is “lots of people,” but let’s start … Read the Rest of this Post
Posted in Floyd Reports, News Reports, Opinion
Tagged Economic Issues, Entitlements, Federal Reserve, Medicare, Paul Ryan, Social Security
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by Dr. John A. Sparks
President Obama is now openly proposing tax increases on at least two important fronts as part of his “solution” to the growing debt crisis.
The president’s favorite approach is to talk about the “wealthiest Americans.” In his speech on April 13, he proclaimed that he will do away with the “Bush tax cuts” for the rich as soon as he has the opportunity. Just a week later, April 21, he … Read the Rest of this Post
Posted in Floyd Reports, News Reports, Opinion
Tagged Barack Obama, economic crisis, Economic Issues, Economics, Social Security, Tax Hikes
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by Michael Reagan
There is a struggle now being waged in Washington, the outcome of which will determine whether the nation’s economy will grow or continue to falter.
The main combatants are President Barack Obama and a thoughtful member of Congress from the nation’s heartland, Rep. Paul Ryan, R-WI.
One of them, the president, represents the theory that government needs to regulate every facet of the economy. The other, Rep. Ryan, champions the … Read the Rest of this Post
by Ben Johnson
As the nation digests Barack Obama’s plan to ride a tax hike to re-election, one phrase from yesterday’s budget speech confirms what this author has long stated: the president is fundamentally an anti-American Messianic figure who believes he was sent to save our nation from itself and its Founders. Speaking a line that was written in advance, approved by multiple layers of handlers and advisers, and spoken with relish, the president … Read the Rest of this Post
Posted in Floyd Reports, News Reports, Opinion
Tagged anti-American, Barack Obama, Calvin Coolidge, Deficits, Entitlements, FDR, Government Budget, Government Spending, Great Society, History, Medicaid, Medicare, National Debt, National Deficit, New Deal, Radical Left, Social Security, Socialism, Warren G. Harding, Woodrow Wilson
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