Except for recent contributions, all of the money that you’ve contributed to the Social Security system throughout your lifetime has already been spent. That’s because Social Security is a pay-as-you-go…
The Appeal of Bonds
“We must all suffer one of two things: the pain of discipline or the pain of regret or disappointment.” Jim Rhon,…
Socialism’s Promise: Medicaid for All
For an example of how government entitlements always expand and never contract, consider what’s been happening to Medicaid. Designed to provide health coverage for low-income and disabled Americans, Medicaid was…
Unfunded Pension Liabilities Reach $7 Trillion
The mean average amount saved for retirement by all working-age families in the U.S. is just $95,776, according to a new report from the Economic Policy Institute. The median average…
The Peter Pan Economy
Lowering interest rates is not necessarily a bad thing. It can make borrowing cheaper, which – at least in theory – will stimulate business investment. It can weaken the dollar,…