Showing posts with label pension. Show all posts
Showing posts with label pension. Show all posts

October 25, 2017


Britain says no the term "pregnant woman" as it excludes transgender people

from FoxNews: For those suffering from gender dysphoria, it is apparently considered unkind to suggest a womb is necessary
in order to be pregnant.
Political Correctness and Other Nitwittery

California's six-figure pension club has 62,000 members

from Reason: And seven retirees in Los Angeles pulled down more than $1 million each in retirement benefits last year. "Public service" has its privileges.
Economic Policy: Statism vs. The Free Market

Lies and manipulation: The sorry state of global climate alarmism

from WattsUpWithThat?: While practitioners of environmental religion fret about one-tenth of one degree, India has real concerns: food and water.
Politics and Other Official Acts of Corruption

Europe: journalists against free speech

from GatestoneInstitute: Gone is all pretense that journalism is about reporting the facts.
Media Bias on Parade

Sens. Rand Paul and Ron Wyden unveil privacy-protecting surveillance reform bill

from Reason: Two senators fight back against the surveillance society and the police state to protect individual from their government.
Government is Watching Every Move You Make

Don’t call the cops if you’re autistic, deaf, mentally ill, disabled or old

from Rutherford Institute: Sometimes it’s dangerous enough calling the cops when you’re not contending with a disability. Unfortunately, the risks just skyrocket when a disability is involved.
Police State America

How And Why Gov't Will ‘Borrow’ Your Retirement Savings

by Simon Black.    The stage is set. According to financial research firm ICI, total retirement assets in the Land of the Free now exceed $23 trillion. $7.3 trillion of that is held in Individual Retirement Accounts (IRAs). That’s an appetizing figure, especially for a government that just passed $19 trillion in debt and is in pressing need of new funding sources.  ... MORE

A Sneaky Way To Reduce Social Security Benefits

Ponzi's next move: raise the retirement age. Americans like their Social Security benefits quite a bit: They oppose cuts to them by a margin of two to one. Even Millennials, who won’t be seeing benefits anytime soon, feel protective of Social Security, according to a poll from the Pew Research Center. One way to effectively      ... MORE

Veronique de Rugy: States Must Confront Pension Costs

State-Based Accounting 101: ranking fiscal condition.   One of the most boring classes I took in college was on accounting. Over the years, however, I've come to understand the importance of proper and transparent accounting. As the disastrous examples of Greece, Puerto Rico, Detroit, and Chicago demonstrate, dodging long-term   ... MORE

Steve Chapman: Government Debt On The Road To Ruin

Promise today, figure out how to pay tomorrow.  Americans are addicted to living beyond their means, at least when it comes to the functions of government. That's why the federal debt tripled over the past decade and under President Barack Obama's budget plan would keep growing indefinitely. Why not? If you don't have to pay for all   ... MORE

Congress Poised To Allow Cuts To Private Pension Payouts

by Evan Halper.     More than 1 million Americans who were promised secure, predictable retirement income probably will see part of their monthly benefit checks evaporate as Congress moves to stabilize some private pension systems veering toward insolvency. The expected congressional action to allow previously promised private-sector   ... MORE

Washington Is Trying To Get Your Retirement Account

by Charles Payne.      Big government's next big reach. Tuesday was another anxious day for the market, ahead of three major events beginning with the Fed decision getting announced today, Scotland’s vote on Thursday, and the debut of Alibaba on Friday. All along, I have felt that the past few sessions have been an orchestrated attempt to    ... MORE

Steve Chapman: For Ships Of State, A Looming Iceberg

The crushing burden of government employee pensions.     If you're in the hospital with multiple fractures, a staph infection and a collapsed lung, you may not take great comfort when your doctor informs you that his last patient has it worse, being dead. Sometimes encouraging comparisons are not that encouraging. So Chicagoans didn't        ... MORE

Does the Bell Toll for Excessive Public Pay?

by Steven Greenhut. “The art of government is to make two-thirds of the nation pay all it possibly can pay for the benefit of the other third,” mused Voltaire. Even that cynical French Enlightenment writer couldn’t imagine what would transpire one day in California, where a portion of the mere 15.3 percent of the public that works for government  ... MORE

Steven Greenhut: Detroit’s Long Road To The Bottom

The Motor City’s path to economic ruin.    Californians frustrated by the state’s long-term fiscal situation sometimes throw up their hands and declare that things must get worse before they get better. Let the tax-and-spenders have at it, they say, and then voters eventually will wake up and change their ways. Unfortunately, “eventually” can   ... MORE

Barry Farber: Is Detroit A Foreshadow Of America?

A wake up call or the beginning of the end?      Be glad that symbolism is important. Be glad up to a point. Then quit! Symbolism can ennoble. Symbolism can also kill. Did the Japanese attack Pearl Harbor in 1941 to destroy the “symbolism” of this new American world power? I don’t think so. I was the twerpiest of all possible pre-juvenile    ... MORE

Andrew Napolitano: When The Government Goes Bankrupt

What happens when the government goes bankrupt?   This question is one that sounds like a hypothetical exercise in a law school classroom from just a few years ago, where it might have been met with some derision. But today, it is a realistic and terrifying inquiry that many who have financial relationships with governments in America   ... MORE

Terence P. Jeffrey: Stockton Was Murdered

It was an inside job. Were a rational person given the assignment to search this planet to find the best place for human beings to live and build wealth, he might well settle on San Joaquin County, Calif. That is where Americans built a city called Stockton — the municipality a federal bankruptcy judge just declared dead. How did Stockton die?   ... MORE

Thomas Sowell: Guns And Pensions

The great appeal of pension politics.   A nation's choice between spending on military defense and spending on civilian goods has often been posed as "guns versus butter." But understanding the choices of many nations' political leaders might be helped by examining the contrast between their runaway spending on pensions while skimping     ... MORE

California, Unsaved, Speeds Toward A Wall Of Debt

by Steven Greenhut.     A cursory glance at Governor Jerry Brown’s new budget could make you believe that California’s days of fiscal gloom are over as he champions a balanced budget and newfound “fiscal restraint.” California had been floating in debt. Then Brown persuaded voters in November to increase sales and income taxes.         ... MORE

Douglas French: Down And Out In California

Golden State is fast losing its luster.     Gas in Vegas is a dollar cheaper a gallon than in the Golden State, or so a friend and recent LA transplant tells me. He went on to say the top tax rate in California is over 13%, while, of course, Nevada has no state income tax. Over dinner at Del Frisco’s, he explained how industries are being ruined by         ... MORE