Guest Editorials
BY U.S. SENATOR JON KYL | JUNE 22, 2011
What’s being done to save Medicare?
Fact: If the President Obama and Congress do nothing, Medicare will go broke by 2024.
The independent auditor of the Medicare program (known as the Medicare Actuary) released a report in May that concluded Medicare will go bankrupt five years sooner than originally projected. The program is already out of cash; in fact, in 2010 alone, the program’s cash flow deficit will exceed $32 billion!
So how are we paying for benefits today?
With IOUs. Keep reading...
BY MENCKEN'S GHOST | JUNE 22, 2011
American v. European Taxes
You know the lament from progressives, liberals, neo-Marxists and their fellow collectivists in the establishment media and academia: that richer Americans pay substantially less in income taxes than richer Europeans. Ah, but they don’t tell the other side of the story: that poorer Americans also pay substantially less in income taxes than poorer Europeans. For example, the percent of a $25,000 salary that remains after taxes in the USA is 90.6 percent, versus 72.6 percent in Germany. Keep reading...
