Social Security (SS) and Medicare have unfunded liabilities of approximately $40 trillion dollars. In other words, if we are to make good on Social Security and Medicare promises while keeping tax rates at their current levels, we now should have amassed a $40 trillion trust account. Since this did not occur, major tax rate…
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Just in case you missed it this past weekend, it has now been officially three years since the U.S. Senate acted to pass a budget for the United States federal government! The Daily Caller’s Caroline May reports on the momentous occasion: Thomas Jefferson is widely credited with coining an adage that makes fools of…
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