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Tag Archives: social security
Has Social Security Run Out of Suckers?
Did you know that the U.S. government has run a budget deficit in the month of October 70 times out of the past 70 fiscal years? Continue reading
Posted in MN Gordon, Politics
Tagged cola, deficit, john t flynn, social security, socialized insecurity
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Has Joe Biden Lost His Mind?
The current price tag for unfunded liabilities – for Social Security, Medicare (Parts A, B, and D), federal debt held by the public, and federal employee and veteran benefits – is $158.9 trillion. Again, GDP’s just $18.6 trillion. Anyone under 50 years old that’s depending on Social Security to supplement them in retirement is toast. Many people older than 50 are also toast. Continue reading
Posted in Government Debt, MN Gordon
Tagged government debt, joe biden, john t flynn, social security, unfunded liabilities
26 Comments
America Goes Full Imbecile
Credit has a wicked way of magnifying a person’s defects. Even the most cautious man, with unlimited credit, can make mistakes that in retrospect seem absurd. But an average man, with unlimited credit, is preeminently disposed to going full imbecile. … Continue reading
Posted in MN Gordon, Politics
Tagged currency destruction, debt, dollar, medicare, social security
5 Comments
Broken Promises
Consumer debt, corporate debt, and government debt are all going up. But that’s not all. Margin debt – debt that investors borrow against their portfolio to buy more stocks – has hit a record of $642.8 billion. What in the … Continue reading
Posted in Government Debt, MN Gordon
Tagged business cycle, debt, default, GDP, medicare, social security
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