Social Security is Not a Ponzi Scheme

  Top Ten Reasons Why Social Security is not a Ponzi Scheme: 1.  Ponzi scheme participation is voluntary, unlike Social Security where participation is mandatory for most citizens. 2.  Ponzi scheme participants usually receive brightly colored reports telling them how

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Do The Wealthy Pay Their Share?

Having linked last week to some discussion on whether the US is really becoming “Of the 1%, by the 1%, for the 1%”, I was struck by this chart, which I saw a link to this morning, over at Carpe

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Who's Gonna Grab the Third Rail?

That’s a line from a brief but astounding post by Kevin Williamson of NRO, which I’m reproducing in full here: A little perspective from the debt commission: “The commission leaders said that, at present, federal revenue is fully consumed by three

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Value Added Tax Will Not Solve Budgetary Woes

There has been a fair amount of useless discussion among pundits and Obama administration officials about a Value Added Tax, a National Sales Tax, the mainstay of the crumbling welfare states in Europe.  I say this discussion is useless, because Congress

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Ronald Reagan Warns Against ObamaCare

This is a clip of Ronald Reagan warning us of socialized medicine, the very same bill that President Obama and the Democratic Party are trying to ram through congress. Reagan warns us of how people such as six-time presidential Socialist

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