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CNN Rates Perry’s “Ponzi Scheme” Remark False Because Social Security Isn’t Illegal
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CNN Rates Perry’s “Ponzi Scheme” Remark False Because Social Security Isn’t Illegal

CNN’s best attempt to discredit Presidential candidate Rick Perry’s statement that Social Security is a Ponzi Scheme relies on a legal definition by the Securities and Exchange Commission. Seriously:

09/13/2011
Social Security is a Mandatory Ponzi Scheme
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Social Security is a Mandatory Ponzi Scheme

Rick Perry made headlines for calling Social Security a “Ponzi scheme” in last night’s presidential debate. Mitt Romney and statist media sources predictably attacked this position claiming that the insolvent program is A-Okay. To be fair, Rick Perry isn’t the only Republican candidate with the courage to speak truth to fiction about Social Security. Ron Paul has likely been calling the entitlement program a Ponzi scheme long before I was even born.

09/08/2011
Opt Out of Entitlement Programs
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Opt Out of Entitlement Programs

Entitlement programs are on the fast track to bankruptcy. Social Security and Medicare—the nation’s two largest entitlement programs—will run out of funds sooner than previously expected. Social Security faces a $45 billion deficit this year and Medicare’s trust fund for hospital insurance will completely run out of funds by 2024.

06/16/2011
The Entitlement Deficit: America’s Other National Debt
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The Entitlement Deficit: America’s Other National Debt

On May 16, 2011, the US public debt once again reached the debt ceiling (the legal cap set by Congress for how much the United States is allowed to borrow). The United States’ debt now stands at around 14.3 trillion dollars.  A quick visit to usdebtclock.org shows that the United States now owes around $46,000 dollars per citizen and over $129,000 per taxpayer. Those are big numbers; numbers big enough to get many lawmakers on both side of the aisle talking about reducing the deficit.

06/03/2011
The Great Debt Ceiling Debate Begins (Get Your Scorecard Here)
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The Great Debt Ceiling Debate Begins (Get Your Scorecard Here)

The Great Debt Ceiling Debate of 2011 has begun, and FreedomWorks has published this handy scorecard to help you follow the action and weigh in. Here, on one page, is where all the key players stand: 

05/19/2011
The Death of the 'Defined Benefit'
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The Death of the 'Defined Benefit'

Democracy and Power 103:  Government money In general, the art of government consists in taking as much money as possible from one party of the citizens to give to the other. – Voltaire (1764)

05/07/2011
DeMint on Social Security: "What Our Goverment Has Done is a Crime"
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DeMint on Social Security: "What Our Goverment Has Done is a Crime"

The Club for Growth spotted this hard hitting op-ed  by Sen. Jim DeMint on the coming Social Security catastrophe.

10/01/2009
Renewing America's Mistakes
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Renewing America's Mistakes

The last two evenings of the Democratic National Convention have been every bit as full of light, fluff, and glittery prose one would expect at the four day pajama party.  Speakers have grinned through their spot to cover past offenses and dished out the same misty rhetoric over and over again.  It's all been very big on self-congratulations and very light on actual policy.

08/27/2008
Will Hillary or Obama get serious about retirement security?
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Will Hillary or Obama get serious about retirement security?

As the Democratic Presidential Primary winds down in Pennsylvania, to no surprise, neither Hillary Clinton nor Barack Obama has provided the voters of Pennsylvania with a real proposal for saving Social Security.

04/18/2008

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