Showing posts with label Congress. Show all posts
Showing posts with label Congress. Show all posts

Wednesday, January 26, 2011

"The biggest problem with Social Security"


Yahoo Article Comment By XX:

"The biggest problem with Social Security is that the excess money received in any year over the past 3/4ths of a century has been SPENT ALREADY. If it weren't already spent, there would actually be a trust fund that could pay benefits.

Instead, the government borrows that money and spends it right away in the same year. This is something Republicans and Democrats are now facing: now that the money is spent, they have to borrow more money to pay Social Security back."

Monday, February 15, 2010

33 Million American Taxpayers Projected to be Snared by the AMT in 2010

Not all of the projected 33 million American taxpayers projected to be snared by the AMT in 2010 feel like they're wealthy.

Washington's Credit Rating Could be in Jeopardy

Moody's Investors Service recently warned that Washington's credit rating could be in jeopardy if the nation's finances didn't improve.

Those at Bottom of Tax Barrel Will See 50% Tax Increase When Bush Tax Cuts Expire

Those at bottom of tax barrel will see 50% tax increase when Bush tax cuts expire. Still think those tax cuts are strictly for the wealthy??

Saturday, February 13, 2010

Middle Class Taxes Are Going to RISE

Middle class taxes are going to RISE. Congress is not renewing the Bush Tax Cuts and tax rates will therefore increase when the tax cuts come to an end.