Today in History
08-22-2011, 08:55 AM
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Today in History
Today on Aug 22 1996, the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 was signed into law by Bill Clinton. This reduced the total number of recipents of wefare benefits 53%. As a result welfare and poverty rates declined.
Today on Aug 22 2011, new congressional estimates say the trust fund that supports Social Security disability will run out of money by 2017, leaving the program unable to pay full benefits. It also projects that by 2037, Social Security's much larger retirement fund is projected to run dry as well.
Maybe it's time we need to make another change?
Today on Aug 22 2011, new congressional estimates say the trust fund that supports Social Security disability will run out of money by 2017, leaving the program unable to pay full benefits. It also projects that by 2037, Social Security's much larger retirement fund is projected to run dry as well.
Maybe it's time we need to make another change?
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08-22-2011, 07:20 PM
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Also Today in history
20 years ago today, the state of Connecticut(Corrupticut, really) instituted a personal income tax. 2 years later, we elected a governor who ran on a "repeal the income tax" platform.
20 years on, state spending has risen 250%, and we've just been given a $2.5 Billion income tax increase on 8/1, retroactive to 1/1 - more withholding, better cash flow.
We've always called our neighbor to the north "Taxachusetts." No sense of irony around here.
20 years on, state spending has risen 250%, and we've just been given a $2.5 Billion income tax increase on 8/1, retroactive to 1/1 - more withholding, better cash flow.
We've always called our neighbor to the north "Taxachusetts." No sense of irony around here.
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