We got to let the young people entering the work force have private retirement accounts instead of Social Security!!!

________________________

The European Fiscal Crisis and Lessons for America

Uploaded on Nov 16, 2011

Many European welfare states have been caught in a downward spiral of taxes, spending, and debt. This mini-documentary from the Center for Freedom and Prosperity Foundation identifies key lessons for policymakers seeking to avoid the inevitable fiscal crisis caused by the welfare state.

____________________________
We got to let the young people entering the work force have private retirement accounts instead of Social Security!!!

August 6, 2013 1:10PM

 

Downsize the Social Security Administration

 

By Tad DeHaven

 

A new section on the Social Security Administration (SSA) has been added to Cato’s Downsizing Government website. The SSA operates three large programs that provide benefits to millions of Americans: Old-Age and Survivors Insurance, Disability Insurance, and Supplemental Security Income. Total SSA spending will be $873 billion in 2013, which works out to an average of about $7,300 for every household in the nation. 

Essays: 

Social Security Retirement: Social Security faces a huge financing gap because of its pay-as-you-go structure and the aging of the U.S. population. It should be transitioned to a system of personal savings accounts, which would increase individual financial security and help to avert future tax increases.   

Social Security Disability Insurance: Growing numbers of Americans are receiving disability benefits, and the system is subject to major abuses. Policymakers should tighten eligibility for the program and explore ways to move it to the private sector.   

Supplemental Security Income: This program for low-income and disabled individuals suffers from similar abuses and overspending problems as Social Security Disability Insurance. The financing and administration of Supplemental Security Income should be devolved to the states.

 

Related posts:

Conan creates examples of wasteful government programs, but why make up examples?

September 28, 2011 – 12:10 am

Sometimes it is tragic that you got to laugh about it. Dear Conan, Reckless Government Spending Is Worse Than You Think Brandon Stewart August 10, 2011 at 7:31 pm Late-night comedian Conan O’Brien’s blog has a new post parodying Washington’s excessive spending. “Team Coco has found out why our government is so broke,” the blog explains, “They’ve […]

By Everette Hatcher III | Posted in spending out of control | Edit | Comments (0)

We want to be protected but is the government going too far?

July 18, 2013 – 10:43 am

We want to be protected but is the government going too far? Crime Fighting or Corporate Welfare? July 18, 2013 by Dan Mitchell I want government to successfully and rationally fight crime and stop terrorism. That’s a perfectly appropriate libertarian sentiment since protecting life, liberty, and property are among the few legitimate roles for government. But […]

By Everette Hatcher III | Posted in Cato Institute, Economist Dan Mitchell | Edit | Comments (0)

John Stossel notes how good intentions lead to bad results when the government is involved

July 10, 2013 – 1:40 pm

John Stossel notes how good intentions lead to bad results when the government is involved. Why do we keep on giving the government more money when they waste so much? We should be putting more time in staying out of the small businessperson’s way!!!! The Reverse Midas Touch of Government January 6, 2013 by Dan Mitchell […]

By Everette Hatcher III | Posted in Economist Dan Mitchell, spending out of control | Edit | Comments (0)

Milton Friedman: “Nothing is so permanent as a temporary government program”

July 2, 2013 – 7:32 am

______________________________________ Milton Friedman On Charlie Rose (Part One) The late Milton Friedman discusses economics and otherwise with Charlie Rose. _________________________________________ Milton Friedman: Life and ideas – Part 01 Milton Friedman: Life and ideas A brief biography of Milton Friedman _____________________________________ Stossel – “Free to Choose” (Milton Friedman) 1/6 6-10-10. pt.1 of 6. Stossel discusses Milton […]

By Everette Hatcher III | Posted in Cato Institute, Economist Dan Mitchell, Milton Friedman, Ronald Reagan | Edit | Comments (0)

President Obama and government spending (GSA Govt waste tip of iceberg)

July 12, 2013 – 1:44 am

I wish President Obama would try to cut spending instead of increasing spending and our debt. Two Very Good GSA Waste Cartoons April 21, 2012 by Dan Mitchell One of my first blog posts back in 2009 featured a column about the Social Security Administration squandering $750,000 on a “conference” at a fancy golf resort in […]

By Everette Hatcher III | Posted in Cato Institute, Economist Dan Mitchell, President Obama | Edit | Comments (0)

A suggestion to cut some wasteful spending out of the government Part 8 (includes editorial cartoon)

May 8, 2013 – 7:03 am

Does Government Have a Revenue or Spending Problem? People say the government has a debt problem. Debt is caused by deficits, which is the difference between what the government collects in tax revenue and the amount of government spending. Every time the government runs a deficit, the government debt increases. So what’s to blame: too […]

By Everette Hatcher III | Posted in spending out of control | Edit | Comments (0)

A suggestion to cut some wasteful spending out of the government Part 7 (includes editorial cartoon)

May 6, 2013 – 1:02 am

What Are the Dangers of Too Much Debt? Published on Mar 20, 2012 Interest payments on U.S. government debt are three times spending in the Iraq and Afghanistan wars already, and that is with the lowest interest rate we have seen since the 1960s. A rise in interest rates would increase interest payments dramatically. What […]

By Everette Hatcher III | Posted in Current Events, spending out of control | Edit | Comments (0)

A suggestion to cut some wasteful spending out of the government Part 6 (includes editorial cartoon)

May 3, 2013 – 6:01 am

Funding Government by the Minute Published on Mar 28, 2012 At the rate the federal government spends, it runs out of money on July 31. What programs should be cut to balance the budget and fund the government for the remaining five months of the year? Cutting NASA might buy two days; cutting the Navy […]

By Everette Hatcher III | Posted in Current Events, spending out of control | Edit | Comments (0)

A suggestion to cut some wasteful spending out of the government Part 5 (includes editorial cartoon)

May 1, 2013 – 1:00 am

Does Government Have a Revenue or Spending Problem? People say the government has a debt problem. Debt is caused by deficits, which is the difference between what the government collects in tax revenue and the amount of government spending. Every time the government runs a deficit, the government debt increases. So what’s to blame: too […]

By Everette Hatcher III | Posted in Current Events, spending out of control | Edit | Comments (0)

A suggestion to cut some wasteful spending out of the government Part 4 (includes editorial cartoon)

April 30, 2013 – 6:00 am

What Are the Dangers of Too Much Debt? Published on Mar 20, 2012 Interest payments on U.S. government debt are three times spending in the Iraq and Afghanistan wars already, and that is with the lowest interest rate we have seen since the 1960s. A rise in interest rates would increase interest payments dramatically. What […]

By Everette Hatcher III | Posted in Current Events, spending out of control | Edit | Comments (0)

A suggestion to cut some wasteful spending out of the government Part 3 (includes editorial cartoon)

April 26, 2013 – 5:49 am

What Can We Cut to Balance the Budget Published on Oct 16, 2012 Will Rogers has a great quote that I love. He noted, “Lord, the money we do spend on Government and it’s not one bit better than the government we got for one-third the money twenty years ago”(Paula McSpadden Love, The Will Rogers Book, (1972) […]

By Everette Hatcher III | Posted in Current Events, spending out of control | Edit | Comments (0)

A suggestion to cut some wasteful spending out of the government Part 2 (includes editorial cartoon)

April 24, 2013 – 4:55 am

Does Government Have a Revenue or Spending Problem? People say the government has a debt problem. Debt is caused by deficits, which is the difference between what the government collects in tax revenue and the amount of government spending. Every time the government runs a deficit, the government debt increases. So what’s to blame: too […]

By Everette Hatcher III | Posted in Current Events, spending out of control | Edit | Comments (0)

A suggestion to cut some wasteful spending out of the government Part 1 (includes editorial cartoon)

April 23, 2013 – 6:49 am

What Are the Dangers of Too Much Debt? Published on Mar 20, 2012 Interest payments on U.S. government debt are three times spending in the Iraq and Afghanistan wars already, and that is with the lowest interest rate we have seen since the 1960s. A rise in interest rates would increase interest payments dramatically. What […]

By Everette Hatcher III | Posted in Cato Institute, Economist Dan Mitchell, Healthcare, spending out of control | Edit | Comments (2)

Lots of wasteful spending by federal government

June 8, 2012 – 6:38 am

I wish the federal government would go back to spending less than 5% of GDP like they did the first 150 years of our country’s history. We could cut down on a lot of wasteful spending if we did that. Morning Bell: The Governing Class and Us Mike Brownfield April 19, 2012 at 8:57 am […]

By Everette Hatcher III | Posted in President Obama | Edit | Comments (0)

By Everette Hatcher III, on August 19, 2013 at 12:45 am, under Cato Institute, Social Security, Uncategorized. No Comments
Post a comment or leave a trackback: Trackback URL.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.