Friday, August 7, 2015

Entitlements to Security?‏


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Entitlements to Security?







Fake disability claims cost taypayers billions - Washington ...

Nov 16, 2014 - Social Security paid out $2 billion in bogus disability claims approved by 44 administrative law judges over the last seven years, the agency's ...

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With Merger Deal, Aetna, Humana Get Ahead of the Pack ...

Jul 6, 2015 - In the game of merger musical chairs the nation's five biggest health insurers have been playing lately, Aetna and Humana hustled to grab the ...

Aetna Agrees to Buy Humana for $34.1 Billion - WSJ

Jul 3, 2015 - Aetna agreed to buy Humana for $34.1 billion, following weeks of frenziedmerger talks among large health insurers. Deal would add to Aetna's ...

Aetna-Humana Merger May Never Be Consummated ...

online.barrons.com/.../aetna-humana-merger-may-never-be-consu...
Barron's
Jul 6, 2015 - Wall Street is worried that antitrust concerns may prevent Aetna from completing its proposed acquisition of competitor Humana. The market's ...

Aetna's Humana Deal Pressures Cigna to Agree on Anthem ...

Jul 5, 2015 - With Aetna Inc. and Humana Inc. pairing off, pressure is mounting ... But after the acquisition announced Friday, their options just got narrower.




 Entitlements to Security?


 
Those are just a few  examples among the many 

I could have cited.

because when they're  handing  out money 

everyone gets excited--

and feels invited. 


But what once was there
 
before all rushed to feed  fed at the trough
 
may well   later   disappear 
 
and  then things  could  get really  tough
 
 
 
for those working now 
 
if their retirement dream
 
 becomes a sad vaudeville show

or economic  Ponzi scheme. 
 

Right now this seems to be in  dispute

which  I'm not enough of a scholar

to either affirm or refute,

but with all this hustling   for the dollar


I'm more than a bit suspicious

that  those entitlements could become a joke

and the outcome  vicious 

if and when our Federal  government goes broke.

hzl
8/7/15


Social Security as a Ponzi? It's a Bad Metaphor - The New ...

Sep 9, 2011 - But even as a metaphor, Gov. Rick Perry's comparison of Social Securityto a Ponzi scheme doesn't work. Ponzi schemes like the ones run by ...

Social Security is Much Worse Than a Ponzi Scheme - Forbes

Sep 27, 2011 - Social Security is Much Worse Than a Ponzi Scheme - and Here's How ... one of the most shameful (and popular) of FDR's New Deal schemes.



16 US Cities Facing Bankruptcy If They Don't Make Deep ...

Dec 26, 2010 - 2011 will be the year of the municipal default. At least that's what analysts like Meredith Whitney predict, as do bond investors that have been ...

Nine cities that could soon follow Detroit into bankruptcy ...

Jul 27, 2013 - But one of the driving factors in Detroit's bankruptcy is an ... agency, issued a report identifying 29 municipalities selected for review over concerns of ...Cities on the list for review aren't necessarily facing imminent ... Sure enough, Pew reports Chicago's retiree health benefits are exactly 0 percent funded.




Depletion of the Medicare and Social Security trust funds does not mean that all benefits would stop. At the current rate of payroll tax collections, Medicare would be able to pay about 85 percent of costs in 2030, declining to 75 percent by 2050.
Social Security would be able to pay about 80 percent of disability benefits starting in "late 2016,'' the Treasury Department said in a statement. In 2033, the Social Security program would only have money to cover about three-quarters of the pensions that it pays, Treasury said.

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