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Congress wants your 401(k) tax breaks back

By Steve McGough / February 22, 2009 /

This is unbelievable. Since Congress has totally screwed up Social Security and refuse to do a damn thing about it, now they are looking for more cash to fund their out-of-control spending. Since we know we can not depend on Social Security for our retirement, many smart investors are depending on 401(k) accounts, IRAs and…

Nothing to see here… Social Security “Trust Fund” takes $1 trillion hit in just one year

By Steve McGough / February 6, 2012 /

We keep quietly kicking the can down the road. The Congressional Budget Office released new projections concerning Social Security funding late last week.

This could have been your Social Security

By SoundOffSister / September 26, 2011 /

While politicians argue about what, if anything to do with Social Security, maybe we should look at life without Social Security.

Cong. Bacerra uses his wallet to explain why Social Security isn’t a problem

By Jim Vicevich / July 11, 2011 /

I think the analogy would’ve been much more appropriate had Congressman Xavier Becerra pulled out one of his credit cards instead of his daughters US savings bond, but that’s just me. I’m posting the soundbite not because I think it has anything to do with the debt crisis, but to show you one more example…

Medicare drops mom with cancer – probably will get treatment

By Steve McGough / April 11, 2010 /

I’ll be honest here, I’m not certain if we have the full story, but it is disturbing none-the-less. A mom undergoing treatment for cancer was denied a procedure because her income level went “too high” after Social Security suggested she sign her son up for disability benefits.

Social Security expecting no cost of living increase for two years

By Steve McGough / August 24, 2009 /

What the government gives, they can quickly take away. Last night senior citizens in the United States learned an important lesson; if there is no inflation, their Social Security payments stay the same as last year.

Bush plan to privatize Social Security still a good idea

By Steve McGough / December 2, 2008 /

There has been plenty of talk about how a significant chunk of retirement funds have disappeared during the past month or so, but that does not mean that we should not consider moving towards getting government out of the retirement funding business.