Who Will Care for Your Parents?
The terms “filial responsibility” and “filial support” refer to an adult child’s obligation to render care to aging parents. Before Medicare and Social Security, children were obliged to meet their...
View ArticleNew “Fees” on Investments…and Not from Mutual Funds
Beginning in 2013, the recently passed health care reform bill will impose new Medicare taxes on unearned income for single filers with adjusted gross incomes of $200,000 a year or more and joint...
View ArticleSeniors, Be Prepared…
A few weeks ago, my 73-year-old mother received a letter from her internist announcing his retirement from the medical profession. Being that the man is 78 years old, this comes as no suprise....
View ArticleThe (CLASS) Act: It Looks Like a Duck and Quacks Like a Duck, but…
For those of you who have not had the opportunity to pick up a copy of the 2,074-page ObamaCare law (H.R. 3590) for some light reading, the National Center for Policy Analysis (NCPA) has published a...
View ArticleAre Looming Taxes Scaring Small Business?
According to the latest ADP buy cheap cialis jobs survey for June, the private sector's contribution to the job market is smaller than expected. (See the WSJ article, “Private Sector Adds Few Jobs,”)...
View ArticleUnrealistic Medicare Projections are No Joke
New on the blog! A corny economics joke: “How many economists does it take to change a light bulb?” Answer: “One, if you assume a ladder.” If you fail to see the humor, this joke reflects the...
View ArticleScaring Seniors, Revisited
Rep. Paul Ryan (R-Wis.) released his proposed 2013 budget yesterday and before the ink was dry, the left was attacking buy viagra online it like vultures on a carcass. Ryan was being portrayed as the...
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Worse than I Imagined (Part II): Medicare
When I retired, Medicare became my primary health insurance, fully covered by American taxpayers (and federal debt-holders), while Anthem/Blue Cross became my secondary health insurance, fully covered...
View ArticleIf the Trustees’ Reports Hold Such Great News, Why Where They Not Released...
Because the news in them is not that great. Consider: Social Security (OASDI). Total unfunded liabilities into the infinite horizon are $24.9 trillion. (To learn more about unfunded liabilities,...
View ArticleCan We Stop Pretending That the Trustees Reports Are Good News?
In previous years, the 2015 Social Security and Medicare Trustees Reports were usually released in the spring, albeit on a Friday or perhaps around a holiday when little attention would be paid. This...
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