Monday, December 16, 2024

Christmas treat: subscribe to Steve Moore's Hotline


Do yourself a favor and subscribe to my good friend Steve Moore's "Hotline" newsletter (you can see today's edition here). It's free and VERY informative.

Here's one item from today's newsletter:

1) Stop the Social Security Steal

As early as today, the Senate will vote on an absurd bill to give state and local government employees a $200B+ Social Security bonus.

Social Security runs out of money in 10 years and is on a course to insolvency.

But instead of fixing the finances, 62 senators - including many Republicans who pretend to be fiscal conservatives - are sponsoring a bill to raise monthly benefits for public employees, even though their complaints are phony. This group of workers ALREADY receives pay and benefits that are 30% higher than comparable private sector workers. Most are already eligible for supersized state pensions. Roughly 80% of government employees are Democrats and more than 90% of the political spending by their unions goes to defeat Republicans.

The bill (H.R.82) passed the House in November with 327 votes.

We are running $2 TRILLION deficits and Social Security has a $22 trillion unfunded liability, yet senators in both parties are voting to dig the hole deeper and move up by nearly a year the date when the SS trust fund runs out of money. They are hoping no one notices this swindle. WE notice.

Mr. President - stop the steal.


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