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EducateWorthington.org

The 912 Project - Glenn Beck

912 Group of Central Ohio

Please let me know if you'd like your link added

Wow, this is great info, AdamSmith...

Thanks, its nice to be appreciated.
 

[It's the Demography, Stupid The real reason the West is in danger of extinction.]

It's the Demography, Stupid
The real reason the West is in danger of extinction.

BY MARK STEYN
Wednesday, January 4, 2006 12:01 a.m. EST

Most people reading this have strong stomachs, so let me lay it out as baldly as I can: Much of what we loosely call the Western world will not survive this century, and much of it will effectively disappear within our lifetimes, including many if not most Western European countries. There'll probably still be a geographical area on the map marked as Italy or the Netherlands--probably--just as in Istanbul there's still a building called St. Sophia's Cathedral. But it's not a cathedral; it's merely a designation for a piece of real estate. Likewise, Italy and the Netherlands will merely be designations for real estate. The challenge for those who reckon Western civilization is on balance better than the alternatives is to figure out a way to save at least some parts of the West.

http://www.opinionjournal.com/extra/?id=110007760

AdamSmith, this is the best one yet!
I wish I wrote this article.
Fantastic.
And from a conservative Canadian!
I did not even know there were any in the Great White North.

A must-read for all friends of CTH.

 

AdamSmith, this is the best one yet!

Thanks, it is nice to be appreciated
 

Trustees: Medicare, Social Security Funds Declined in Past Year

Monday , May 01, 2006

WASHINGTON — The funds for Social Security and Medicare, the federal government's two largest entitlement programs, will go bust sooner than estimated just one year ago, reveals a report released on Monday.

The funding shortfalls come at no surprise with the trust fund for Social Security projected to be depleted in 2040 while Medicare will have no fund reserves left in 12 years. In last year's report, Social Security was projected to be depleted by 2041, one year later than projected now, and Medicare in 2020, two years later.

"Looking ahead, the financing problems facing Social Security will be challenging to address. Reflecting back, our nation has a proud history of grappling with difficult issues," said Jo Anne Barnhart, commissioner of Social Security.

The country faces a "looming fiscal crisis as the baby boom generation moves into retirement," Treasury Secretary John Snow, chairman of the trustees' panel, told a news conference.

Snow, Barnhart, Secretary of Health and Human Services Michael Leavitt, Secretary of Labor Elaine Chao and two public trustees, John L. Palmer and Thomas R. Saving, make up Board of Trustees. Their 75-year projection on how to pay retirement funds for an estimated 78 million baby boomers reveals that the projected actuarial deficit over that period is 2.02 percent of taxable payroll — up .09 percent from last year’s report.

The government will need to collect $4.6 trillion in additional revenue in today’s dollars to pay all scheduled benefits. This unfunded obligation is $600 billion higher than the amount estimated last year.

The trust funds actually are government IOUs to be paid back by either borrowing more money from the public by issuing marketable Treasury securities, raising taxes or cutting spending in other programs.

In the 2006 Annual Report to Congress, trustees urged lawmakers to prepare for the changes and to give advance notice to those baby boomers that their retirement funds are in danger.

"We do not believe the currently projected long-run growth rates of Social Security or Medicare are sustainable under current financing arrangements," the trustees said in this year's report. Barnhart added that the trustees are committed to strengthening the program.

President Bush has attempted to push Social Security reforms but disagreement stalled the effort in Congress. While even members in his own party rejected reforms, in his State of the Union address the president called for creation of a bipartisan panel to study the issue and come up with recommendations.

"There's a lot of baby boomers who are living longer. And there are fewer workers per beneficiary paying money in the system to support future retirees like me," Bush said Monday in a speech on health care initiatives in Washington, D.C. "And so the systems are going broke, and now is the time to do something about it. We got too much politics in Washington, D.C. It's time to set aside politics and restructure Social Security and Medicare for generations to come."

"The serious concerns raised by the trustees' reports demand the attention of America's policymakers and the public," echoed Snow, adding that the administration stands ready to work with Congress to reach a solution.

The report shows that the Social Security trust paid out nearly $521 billion in calendar year 2005 — up $27 million from 2004. As many as 48 million beneficiaries collected Social Security by the end of last year. The good news, trustees noted, is that the cost to administer the program in 2005 — $5.3 billion — was only 1.0 percent of total expenditures.

The Medicare program's viability has decreased in part due to financing issues that forced Medicare into the red in 2004, when payouts exceeded revenues to the program. Medicare is expected to turn back into the black again before finally heading toward bankruptcy.

For Social Security, the point at which the program will pay out more in benefits than it takes in will occur in 2017, the trustees projected, the same as in last year's report.

While the prescription for Medicare funding is being ignored in Congress, the Medicare prescription drug benefit continues to draw in registrants. Americans have until May 15 to enroll in a program that has been popular with seniors, but will bring new challenges to Medicare's sustainability.

Speaking Monday, Bush said the more seniors enroll in Part D, as the drug benefit is called, the less it costs government to pay for people's surgeries or other health care expenses. So far, 30 million seniors have enrolled in Part D, he said. In addition, on average, Medicare will pay for more than 95 percent of the costs of prescription drugs for low-income seniors.

During the speech, the president said health savings accounts would also help protect Americans, particularly those without insurance plans, from the rising costs of health care. But his remarks were met by skepticism from House Minority Whip Steny Hoyer, D-Md., who blasted Bush for his health savings account proposal.

"The fact is, there are 46 million uninsured Americans today, an increase of 6 million over the last five years. The President's continued insistence on Health Savings Accounts as a remedy for America's health care crisis shows that Republicans have no plan to help the uninsured. But at least President Bush is raising the issue; House Republicans are ignoring it," Hoyer said, arguing that health savings accounts will drive up the price of traditional group insurance and "discourage American families from seeking important preventative care."


Copyright 2006 FOX News Network, LLC. All rights reserved.

 

G3 glad to see your are becoming more active on the boards. The move has done you some good.

Thanks, AdamSmith...and getting a paycheck is a very good thing too !  

Bernanke: Baby Boomers Will Strain U.S.
Oct 04 12:54 PM US/Eastern
   
By JEANNINE AVERSA
AP Economics Writer

WASHINGTON

         
 
 


Unless Social Security and Medicare are revamped, the massive burden from retiring baby boomers will place major strains on the nation's budget and the economy, Federal Reserve Chairman Ben Bernanke said Wednesday.
"Reform of our unsustainable entitlement programs" should be a priority, he said in prepared remarks to the Economics Club of Washington. "The imperative to undertake reform earlier rather than later is great," Bernanke added.

It marked the Fed chief's most extensive comments to date on the challenges facing the United States with the looming retirement of 78 million baby boomers.

In his remarks, Bernanke did not offer Congress and the Bush administration recommendations on how the massive entitlement programs should be changed. Efforts by the administration to overhaul the Social Security program _ once a centerpiece of President Bush's second-term agenda _ sputtered last year, meeting resistance from Republicans and Democrats alike.

http://www.breitbart.com/news/2006/10/04/D8KHUEE00.html

I'm asking folks to stop spreading this horrible story about Robin Hood.  It's socialist folklore.

He stole from the Angles and gave to the Saxons.  Being rich or poor had nothing to do with it.

 

I'll make you a deal Mr. Butler you tell the bedtime stories to you kids you want and I'll tell mine the stories I want them to hear. Who are you to tell anyone what stories to tell or not to tell anyways?

Geez, Tweet, relax...   he's making a point about socialism, not about bedtime stories. That was almost like a punch in the face  :lol:  

COMMENTARY
Man's desire to go to prison is worrisome
At first, perhaps we chuckle about the local fellow who robbed a bank to secure a prison berth for three years -- until he's 66 and eligible for Social Security. After all, who in his or her right mind thinks about relying on that for the long
http://www.dispatch.com/news-story.php?sto...1016-C1-00.html

Comprehensive Review of social security privatization. I would appreciate everyone's review of it to help improve it.

<a href="http://www.youtube.com/v/KPHKzmwSTVk&rel=0" target="_blank">http://www.youtube.com/v/KPHKzmwSTVk&rel=0</a>

This is a video explaining the Social Security calculator found on the home page of CTH. It demonstrates that even a min wage worker can create a portfolio of over a million dollars by the time of retirment. Peter, this may be a good video to highlight on the site. It helps people navagate the spreadsheet.

Video:
<a href="http://www.youtube.com/v/9pWh2teWFpk&rel=0" target="_blank">http://www.youtube.com/v/9pWh2teWFpk&rel=0</a>

<a href="http://www.youtube.com/v/cCyrUqXsycs&rel=0" target="_blank">http://www.youtube.com/v/cCyrUqXsycs&rel=0</a>

Calculator:
http://www.columbustownhall.com/index.php?...w_single&ide=29

[Download the most recent Social Security Privatization Spreadsheet:]

Download the most recent Social Security Privatization Spreadsheet:[/b][/u][/size]

http://www.columbustownhall.com/townhall/uploads/pssc.xls