Tag Archives: social security

Has Joe Biden Lost His Mind?

Posted on January 29, 2021 by MN Gordon

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 →

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America Goes Full Imbecile

Posted on June 8, 2018 by MN Gordon

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 →

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Broken Promises

Posted on March 2, 2018 by MN Gordon

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 →

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Yarns, Mysteries, and the CPI

Posted on August 19, 2016 by MN Gordon

Several ill-defined economic waypoints were unveiled this week.  Namely, the Labor Department’s July consumer price index report.  According to the government data, on whole, consumer prices for the month didn’t change one iota. Reportedly, energy prices went down, food prices … Continue reading →

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