$100, 8 Hour CPA CPE

"What Could Happen
After What May Happen Next"

September 30, 2010

8:30am to 4:15pm

Quality Inn
440 Griffith Road
Charlotte, NC 28217

Greensboro CPA CPE

"What Could Happen After What May Happen Next"

September 21, 2010

8:30am to 4:15pm

Drury Inn & Suites,

Greensboro, NC

$100, 8 Hour CPA CPE

"What Could Happen After What May Happen Next"

September 9, 2010

8:15am to 4:30pm

Days Inn, Raleigh-Airport

Research Triangle Park 1000 Airport Drive Morrisville, NC

Ambrose Evans-Pritchard on Spanish, British, American and almost everyone else's Social Security programs

“Spain uses social security fund to prop up the bond market

Spain is putting all its eggs into one basket…

The state pension fund…is buying Spanish sovereign debt at a vertiginous pace.

…the share of [the state pension fund's] total portfolio invested in Spanish government bonds rose from below 50pc in 2007 to 76pc in 2009.

The Social Security [...]

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On Deflation or Inflation: Bo Peng via Tyler and Questions

“Moderate inflation is good.

If a nation prints more money,
like cutting a 16 inch pizza into 12 slices instead of 8,
is each slice worth less?

This has been held as self-evident truth in modern monetary policy.

What if the pizza shrinks while the number of slices rise?

But this will quickly become antisocial as the [...]

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Was it justifiable for the baby boom and their elders, to promise themselves tens of trillions of unfunded benefits, like Social Security, Medicare and Medicaid, for future generations to pay for?

Why would some of one generation

want to covertly confiscate another’s wealth?

 

It is grossly irresponsible for the baby boom generation

 to expect [...]

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If Social Security taxes were increased in 1983 to ease the burden of a smaller generation tasked with providing benefits to a larger number of longer living elders, why would elected leaders borrow and spend the surplus?

The Treasury Department has for decades

borrowed money from the Social Security trust fund

 to finance government operations.

 

 If it is no [...]

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Bruce Krasting: Social Security lost track of $25 billion?

We Lost Track of $25 Billion?

I have been keeping an eye on the monthly numbers for the Social Security Trust Fund…

…There was no logical explanation for the continued drop in YoY payroll tax receipts.

Two important sources have “explained” this drop. Both the SSTF [Social Security Trust Fund] and the CBO [Congressional Budget Office]have confirmed that [...]

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On Unemployment: Why would some compare dissimilar calculations of economic statistics?

If you tell a lie big enough and keep repeating it,
people will eventually come to believe it.

The lie can be maintained only for such time
as the State can shield the people
from the political, economic and/or military consequences.

Joseph Goebbels

Statistics mask real economic pain

The jobless rate improved this week. It’s now [...]

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Are we collectively bankrupt?

U.S. Is Bankrupt and We Don’t Even Know: Laurence Kotlikoff

Let’s get real. The U.S. is bankrupt.

Neither spending more nor taxing less will help the country pay its bills.

…Last month, the International Monetary Fund released its annual review of U.S. economic policy.

…the IMF has effectively pronounced the U.S. bankrupt. Section 6 of the July 2010 Selected [...]

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Sobering Thoughts on the Demographics of the Baby Boom, Savings, Entitlement Benefits and Monetary Policy

If workers earn, pay taxes, spend, save and invest,
while retirees divest, downsize, budget
and draw income and healthcare benefits,
what’s going to happen when more retirees want
what fewer workers may not be able to deliver?

It is incumbent on government to convey to future retirees
that the real resources currently promised to be available on retirement,
will not [...]

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Did Dan Froomkin just lie to his Huffington Post readers on Social Security and Medicare?

Medicare Gets New Lease On Life; Social Security Program Remains Healthy

The new health care law has significantly improved the prognosis for Medicare, extending the life of its trust fundby 12 years until 2029, and thereby delaying any need for dramatic changes in benefits or revenues…

The annual check-up from government actuaries overseeing the nation’s two central [...]

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Social Security Will Pay Out More Than Taxes Recieved In 2010

The annual report of the trustees for Medicare and Social Security…said the Social Security program is projected to pay out more in benefits than it collects in taxes for the first time this year and next year.

…The trustees report said that Social Security pension and disability payments will exceed revenues for this year and [...]

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