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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? |
Soylent Green
Edit: I'm talking about Morena, google it:fawk: |
Zombie Attack.
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Clinton for Prez
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Originally Posted by Bond
(Post 762204)
Clinton for Prez
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I'd rather see Newt back as Speaker. Everything good out of Clinton was because of him.
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Originally Posted by braineack
(Post 762207)
i'd rather see newt back as speaker. Everything good out of clinton was because of him.
Media killed him early-on this time around. |
was does my quote not have capitalization?
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No, do not change. Instead, hold a gun to the head of evil corporations and make them pay for everything.
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I thought it was assumed that taxing the rich wasn't the answer. Sorry I should have made that clear.
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Originally Posted by Braineack
(Post 762164)
Maybe it's time we need to make another change?
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Originally Posted by Braineack
(Post 762212)
was does my quote not have capitalization?
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You do know what CHANGE stood for right? |
pM me for the correct answer, if you can handle a mild racial joke.
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that's funny. just PM me.
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I know this joke and it's OFFENSIVE.
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Pusha has sand in the vag.
I saw on the news that the reason Social Security disability might run out b/c some people are trying to collect disability rather then unemployment |
yeah that's the reason. it has nothing to do with 15 people taking out and .5 putting in.
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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. |
Without CT, where will all the liberals reside?
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California, where else? They can use Taxachusetts for the overflow.
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Originally Posted by xturner
(Post 762416)
California, where else? They can use Taxachusetts for the overflow.
California Admits to Almost $1 Trillion in Unfunded Pension Obligations ... When I was elected as Orange County, California Treasurer in 2006, I was flabbergasted to discover that the County’s $8 billion of retirement investments was covertly leveraged up by $22 billion of derivatives. I quickly learned that many unions see pension benefits as contracted rights; and pension investing as a no risk crap-shoot for extraordinary returns. If the pension investment returns sky-rocket, the unions will bargain for increased benefits. If the pension investment returns crash; the public employees are protected by rock-solid contract law that prevents any reduction in benefits. In 2007, I was fortunate to gain the support of enough OC Pension Trustees to reduce speculative derivative use by 90%. At the time, Trustees for the California public pension plans solemnly dismissed Orange County as unsophisticated. Shortly thereafter the stock market crashed and the State Pension Trustees stopped making comments. Once famous as the Golden State for leading the nation in high tech growth industries that provided excellent wages; California is now tarnished for having the second highest unemployment and worst state credit rating in the nation. Forbes recently quoted a top venture capitalist that compared the California business climate to France: “I try not to hire here, and I certainly would not launch a company here. But the wine is good.” Tripling of the burden for under-funded pension liability to almost $1 trillion will probably ruin the taste of California wine for most taxpayers. |
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