Now Social Security needs a bailout

What could be a sign of more rough roads ahead than the fact that Social Security is now cash-negative? For the first time in decades, Social Security is taking in less taxes and cannot fulfill benefits: No one has officially announced that Social Security will be cash-negative this year. But you can figure it out [...]

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House Democrats discuss confiscating retirement accounts

The Democrats’ election victories have emboldened them. House Democrats now want their hands even deeper, and I mean deeper, into your pockets. The have been holding talks on handing your private retirement accounts — 401(k)s and IRAs — to the management of the Social Security Administration. As crazy as this sounds, what’s their excuse? Rep. [...]

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