With President Obama claiming that if our debt limit is not increased by Congress, it may force the government to stop payment of Social Security checks, the public, and in particular those dependent on these monthly checks, are a bit confused about how the Social Security System is financed. The truth is that the government does not have to go out and borrow money in order to pay Social Security recipients. Those payments are covered by present receipts of FICA taxes. So the idea that Social Security payments are dependent on borrowed money is false.
A recent Superman comic book has the hero saying, "I am renouncing my U.S. citizenship" because "truth, justice, and the American way — it's not enough anymore." Though not addressing Superman's statement, Stanford University professor and Hoover Institution senior fellow William Damon explains how such a vision could emerge today but not yesteryear. The explanation is found in his article "American Amnesia," in Defining Ideas (7/1/2011), based upon his most recent book, Failing Liberty 101: How We Are Leaving Young Americans Unprepared for Citizenship in a Free Society.
Like me, you’d probably find it creepy and extremely unsettling were a total stranger to obsess about you. Indeed, you might even degenerate from Peaceable Person to Screaming, Cursing Banshee Throwing Wild Punches were the guy to buttonhole you and dictate how many gallons your toilet may flush, the formulation of gas for your car, or the amount of fat and sodium permitted in your favorite chips.
SEA ISLE, N.J. — Public-sector employees here now are regularly referring to Gov. Chris Christie as "Adolf Christie." Things got especially ugly when Christie signed legislation that requires each of the state's 500,000 teachers, police and other public workers to pay more for their pensions and health benefits and eliminates the issue for four years from collective bargaining.