Help The Middle ClassNews and Information For The Heart Of America
MONEY MAGAZINE: What You Need To Know About Social Security
You’ve probably spent a lot of time sweating over your 401(k) and IRA. But have you given much thought to the way Social Security will fit into your retirement plans?
You should. In fact, Social Security provides 50% of the income for more than half of married retired couples and about 20% for high earners. Moreover, [...]
UPDATE: White House Finally Agrees wtih C.B.O. Figures, Raises Deficit Tally By $2 Trillion
The nation’s fiscal outlook is even bleaker than the government forecast earlier this year because the recession turned out to be deeper than widely expected, the budget offices of the White House and Congress agreed in separate updates on Tuesday.
The Obama administration’s Office of Management and Budget raised its 10-year tally of deficits expected through [...]
Opinion: Robert J. Samuelson/Washington Post: Without Anyone Much Noticing, Our National Government Is on The Verge Of A Massive Permanent Expansion.
The question that President Obama ought to be asking — that we all should be asking — is this: How big a government do we want? Without anyone much noticing, our national government is on the verge of a permanent expansion that would endure long after the present economic crisis has (presumably) passed and that [...]
Collect Now, or Later? Timing Social Security Benefits – NYTimes.com
Collecting Social Security as soon as you are eligible is a tempting proposition — but experts agree you should try to resist if you can.
The majority of people don’t follow that advice, choosing instead to start benefits early. Why wait to collect what is rightfully yours?
That logic may sound reasonable now. But in reality, the [...]
Cantor: Obama’s Nationalization of Industry, Healthcare Like ‘Putin’s Russia’
The No. 2 Republican in the House on Thursday compared President Barack Obama’s plans for the auto industry to the policies of Russian Prime Minister Vladimir Putin, saying the White House has stripped credit holders of rights and given them to Democratic allies.
“They said, ‘Set aside the rule of law, let’s strip secured creditors, bondholders, [...]
Obama and Biden Will Introduce Plans To Speed Up Stimulus
“Less bad” is not good enough, Vice President Joe Biden said Friday, announcing that the Obama administration will introduce plans to speed up disbursements from the economic stimulus package to try to curb continuing job losses.
The Labor Department announced Friday that 345,000 jobs were lost last month, and May’s unemployment rate reached 9.4 percent, up [...]
Lost Your Job? Start Over As An Entrepreneur
Tough times breed a different kind of entrepreneur.
With the economy tanking, lots of people are striking out on their own. Some never thought of starting a business until they got laid off. Others kicked around the idea but never found the time or the passion to pursue it. Now, launching a start-up seems like a [...]
Opinion: Reagan Didn’t It! Clinton Did (With Help From Larry Summers Obama’s Top Economic Advisor)
How could Paul Krugman, winner of the Nobel Prize in economics and author of generally excellent columns in The New York Times, get it so wrong? His column last Sunday—“Reagan Did It”—which stated that “the prime villains behind the mess we’re in were Reagan and his circle of advisers,” is perverse in shifting blame from [...]
Schwarzengger To Terminate Cal’s Debt – Deep Cuts In Health Care, Welfare, Prisons and Education
The day of reckoning that California has been warned about for years has arrived. The longest recession in generations and the defeat this week of a package of budget-balancing ballot measures are expected to lead to state spending cuts so deep and so painful that they could rewrite the social contract between California and its [...]
OVERLOOKED STORY OF THE DAY: Biden’s Stimulus Claims – Can You Say, ‘Stretching The Truth’
“Over 90 days have passed since you signed the Recovery Act, and significant progress has been made toward implementation. We remain ahead of schedule in most programs and, due to efficiencies and sound management, many projects are coming in under budget. As you know, we set a goal of outlaying 70 percent of Recovery Act [...]
