10,962,532: U.S. Disability Beneficiaries Exceed Population of Greece

(CNSNews.com) – The total number of people in the United States now receiving federal disability benefits hit a record 10,962,532 million in April, which exceeds the 10,815,197 people who live in the nation of Greece.

According to newly released datafrom the Social Security Administration, the record 10,962,532 total disability beneficiaries in April, included a record 8,865,586 disabled workers (up from 8,853,614 in March), 1,936,236 children of disabled workers, and 160,710 spouses of disabled workers.

 

Retail Sales Drop by Most in Nine Months in Sign of Consumer Caution

U.S. retail sales fell in March from February by the most in nine months, indicating higher taxes and weak hiring have made consumers more cautious about spending…. [Full Story]

 

Onama’s New Budget .. Dead On Arrival

Trillion dollars more to spend than the taxes supply.

Obama new budget … Remember the Democrats did this with Ores Reagan, everytime, called his budget dead on arrival and went ahead with their spending plans anyway. Since REagan did not control the House they got away with it, And what do you think our useless lamestream media did, they blamed it all on Reagan. So now ….

‘BAD MATH, PHANTOM REVENUES, IMAGINED CUTS, TAX HIKE’

Well you elected him didn’t you, does that qualify as stupid.

Looks like the “Tax the Rich” Gambit is back, no recovery for you, let’s Party. SEQUESTER SOUL SHOW LIVE FROM WHITE HOUSE…

Let them eat cake, we have to party…. With your money paying.

“Yippee Kay Yay”

Sir, sir, I think you should know, Roy Rodgers already copyrighted that line.

Can we forget the turtle, he ain’t going anywhere, and get back to the party …

 

Yell sir, louder, I saw it twitch.

Dropouts: Discouraged Americans Leave Labor Force

They just give up looking and take a ride in the wagon, being pulled by the rest of us …

There are roughly 90,000.000 Americans taking the ride-along right now…

What is Natasha’s disability? Being stupid enough to vote for Obama twice?

After a full year of fruitless job hunting, Natasha Baebler just gave up. She’d already abandoned hope of getting work in her field, counseling the disabled. But she couldn’t land anything else, either—not even a job interview at a telephone call center. Until she feels confident enough to send out resumes again, she’ll get by on food stamps and disability checks from Social Security and live with her parents in St. Louis. …

It isn’t supposed to be this way. After a recession, an improving economy is supposed to bring people back into the job market. Instead, the number of Americans in the labor force—those who have a job or are looking for one—fell by nearly half a million people from February to March, the government said Friday. And the percentage of working-age adults in the labor force—what’s called the participation rate—fell to 63.3 percent last month. It’s the lowest such figure since May 1979. …

Read more at hosted.ap.org …

Obama Puts 5 Million Americans on Disability Then Can’t Pay For Them

I wonder what our illegal aliens are going to do. Live off welfare?

The federal Disability Insurance Trust Fund has run in the red the past four years. What happens when we all get on the program?

CNS News reported:

The federal Disability Insurance Trust Fund, which takes in money via a federal payroll tax and pays it out in disability benefits, ran a record $31.2 billion deficit in calendar year 2012, according to the Social Security Administration.

That means the trust fund has run a deficit in each of the first four years of the Obama presidency.

For fifteen straight years before Obama took office—from 1994 through 2008—the Disability Insurance Trust Fund ran a surplus. In 2007, for example, it ran an $11 billion surplus and in 2008 it ran an $889-million surplus.

In 2009, however, the Disability Insurance Trust Fund dipped into the red and has not returned to the black since then. In fact, each year since then the annual deficit has increased.

And then what do we do when he loads up our system with illegal aliens?

Disability Trust Fund Ran Record $31.2B Deficit in 2012; In Deficit Every Year Under Obama

The federal Disability Insurance Trust Fund, which takes in money via a federal payroll tax and pays it out in disability benefits, ran a record $31.2 billion deficit in calendar year 2012, according to the Social Security Administration.

That means the trust fund has run a deficit in each of the first four years of the Obama presidency.

For fifteen straight years before Obama took office—from 1994 through 2008—the Disability Insurance Trust Fund ran a surplus. In 2007, for example, it ran an $11 billion surplus and in 2008 it ran an $889-million surplus.

Read more at cnsnews.com …

It’s now just another form of wealth transfer.

OBAMA’S BUDGET: RAISE TAXES

OBAMA’S BUDGET: RAISE TAXES AGAIN

Here is detail look inside …

I am so glad the Republicans raising taxes in January got the tax issue off the table are you? Did they think they were stupid or something?

SENIOR ADMIN OFFICIAL: OBAMA IS PROPOSING CUTS TO SOCIAL SECURITY

President Barack Obama is proposing cuts to Social Security as an attempt to compromise with Republicans on the budget, an official told the Associated Press.

A senior administration official says the budget Obama will offer to Congress next Wednesday would reduce the deficit by $1.8 trillion over 10 years. It includes a revised inflation adjustment called “chained CPI” that would curb cost-of-living increases in Social Security and other benefit programs.

The senior administration official stressed it is not the president’s preferred approach but a compromise proposal to try to reach a long-term budget deal. Obama first made the offer to House Speaker John Boehner last year.

The official spoke on a condition of anonymity since the budget has yet to be released. Technically, the administration actually would be limiting the growth of Social Security.

 

The Sequester Dodo Keeps Flapping

Flap, flap, flap ……. Flop

There’s little doubt that the Obama administration is working hard to make what are, frankly, rather modest spending reductions seem really severe and onerous. But is he convincing the public? Not really, according to a poll from McClatchy:

The budget cuts in Washington have not hit home in America, at least not yet.

A plurality of Americans think federal spending cuts will have no effect at all on them or their families, according to a new McClatchy-Marist Poll. At the same time, as many Americans think the cuts will have no effect or a positive effect on the overall economy as think the cuts will hurt the economy, the survey found. …

President Barack Obama has not yet convinced the majority that the cuts will be bad for them and their country as he has tried. He has hoped the country would rise up in anger at the spending cuts and force Republicans to agree to an alternative plan to curb the deficit that includes tax increases and fewer spending cuts.

Boomerang — Not only are Americans not buying the Night of the Living Sequester narrative, but a strong majority feel deficit reduction should be achieved mostly through reductions in government, not tax increases:

Generally, voters by 53-37 prefer to reduce the deficits by mostly cutting government programs and services rather than mostly by raising taxes. Working Americans just had a tax increase in January when Obama and the Congress decided to let a temporary cut in the payroll tax for Social Security expire.

“Voters are not in a mood to increase taxes,” said Miringoff.

Of course, it all depends on which government programs are being cut. When it comes to the biggest areas of problem spending, the poll respondents prefer tax hikes:

-by 60-33 they prefer to raise taxes than cut Social Security;

-by 57-36 they prefer to raise taxes than cut Medicare; …

-by 50-42 they prefer to raise taxes than cut Medicaid.

What’s aggravating is that we aren’t going to get very far toward fixing our deficit and debt problem until the public at large gets an appetite for cutting those three programs down to something we can actually afford.

Druckenmiller: “I See A Storm Coming”

Hedge fund icon Stanley Druckenmiller sat down with Bloomberg TV’s Stephanie Ruhle, saying that he’s decided to speak out now because he sees “a storm coming, maybe bigger than the storm we had in 2008, 2010.” His fear is that the ballooning costs of Social Security,Medicare and Medicaid (which with unfunded liabilities are as high as $211 trillion) will bankrupt the nation’s youth an pose a much greater danger than the debt currently being debated in Congress.  He said, “While everybody is focusing on the here and now, there’s a much, much bigger storm that’s about to hit… I am not against seniors. What I am against is current seniors stealing from future seniors.” While not exactly Maxine Waters’ sequestration-based 170 million job loss, this concerning interview is must-see for his clarity and forthrightness from who is to blame, to the consequences of gridlock, our society’s short-term thinking, and the concerning demographics the US faces.

Video link …

March 1 (Bloomberg) — Stan Druckenmiller, one of the best performing hedge-fund managers of the past three decades, talks about the costs of Social Security, Medicare and Medicaid, and the potential impact on the U.S. economy. Druckenmiller speaks with Bloomberg Television’s Stephanie Ruhle. (This is an excerpt. Source: Bloomberg)