The list of those changes is dizzying. Grant statehood to D.C. and Puerto Rico, and break California in seven, with the goal of adding 16 new Democrats to the Senate. Expand the Supreme Court and the federal courts, packing them with liberal judges. Move to multi-member House districts to roll back the effects of partisan gerrymandering. Pass a new Voting Rights Act, including nationwide automatic voter registration, felon enfranchisement and an end to voter ID laws. Grant citizenship to millions of undocumented immigrants, creating a host of new Democratic-leaning voters: “Republicans have always feared that immigration would change the character of American society. Democrats should reward them with their very worst nightmare.”
Plus I defended Congolese immigrant Therese Patricia Okoumou who protested on the Statue of Liberty July 4th. She is participating in our Democracy under her First Amendment rights, why get so upset?
I joined Fox News Channel’s Happening Now on Wednesday, December 28, 2016 to discuss the state of health care and the Affordable Care Act, aka ObamaCare.
Plus, why should the Democrats behave any differently than the Republicans for the last 8 years in opposition to Obama. It worked, didn’t it? I mean the GOP took has control of both the legislative and executive branches now.
This is the second segment on The Intelligence Report Fox Business Network with host Trish Regan. We discussed the Democrats attempts to sway the Electoral College and how they lost the election. Here are some snippets.
I had the pleasure of joining the Rick Amato Show on One American News Network, Wednesday, May 20, 2015 for politics news entertainment discussion. On the panel we discussed Martin O’Malley entering the presidential race for the Democratic Party nominations, the U.S. State Department delays the release of Hillary Clinton emails until January 2016, Governor Scott Walker leading the GOP polls, and ABC News’ George Stephanopoulos $75k donations to the Clinton Foundation damages his ability to report on politics.
We have been inundated for years about how Social Security is going to go broke. Is it going broke? If so, how do we fix it?
Each year the Social Security and Medicare Boards of Trustees issue a report on the health of the trust funds. In April of 2012 the latest report came out. These key statements from the report sum it up nicely:
The actuarial deficit in Social Security increased largely because of the incorporation of updated economic data and assumptions. Both Medicare and Social Security cannot sustain projected long-run program costs under currently scheduled financing, and legislative modifications are necessary to avoid disruptive consequences for beneficiaries and taxpayers.
Lawmakers should not delay addressing the long-run financial challenges facing Social Security and Medicare. If they take action sooner rather than later, more options and more time will be available to phase in changes so that the public has adequate time to prepare. Earlier action will also help elected officials minimize adverse impacts on vulnerable populations, including lower-income workers and people already dependent on program benefits.
According to the report Social Security will go broke in 2033. Going broke means expenditures exceed revenue and reserves. In 2010 and 2011 expenditures exceeded revenue for the first time since 1983 and continues to accelerate negatively.
Mr. Ungar discusses the Greenspan Commission, led by the inimitable Alan Greenspan, and how they came up with a solution to deal with the retiring baby boomers based on certain assumptions. The critical assumption by the Greenspan Commission was the “expectation that 90 percent of income would stand as the tax base for Social Security contributions.” The problem is that, “our current circumstance whereby only 83 percent (or less) of income is being taxed for the Social Security fund as more money flows into the pockets of those earning more than the cap.”
The cap Mr. Ungar is talking about is that only the first $110,100 of income is taxed for Social Security revenue. Anybody making more than $110,100 per year in payroll taxed income stops paying the 6.2% at that mark.
If Mr. Greenspan accurately calculated that 90% of all income needs to be taxed for Social Security and we now only tax 83%, isn’t the simple solution to raise the cap to whatever it needs to be for 90% to be covered? How much is that?
Congress could pass a law pegging the cap for Social Security to the 90% number the Greenspan Commission used to eliminate this problem and we could end this discussion now. Our current Congress has not only done that, they did worse.
With a bipartisan majority, the Democrats and Republicans have undermined Social Security and our federal budget by slicing 2% from workers Social Security taxes. And where is that 2% coming from? The general fund portion of the federal budget is making up the difference!
How can this be? We already have a terrifyingly large federal budget deficit and instead of addressing the issue at hand, the fools in Washington are putting all of us deeper in debt.
Congress needs to immediately get this straightened out. End the payroll tax holiday now. Fix the cap on taxable income to the 90% level that the Greenspan Commission and the bipartisan vote of Congress in 1983 supported. Incidentally President Reagan supported this position and rightfully signed the law.