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Social Security and Medicare sinking even faster
May 13th 12:54:59 PM

In case you missed it, the trustees of Medicare and Social Security released their annual report yesterday. The news was not good:

Social Security and Medicare are fading even faster under the weight of the recession, heading for insolvency years sooner than previously expected, the government warned Tuesday.

Medicare already is paying out more money than it receives, something that happened for the first time last year. And Social Security will be by 2016, a year sooner than had been projected, the trustees' annual report said.

Obama has said that he will oppose benefit cuts and personal accounts in Social Security, which leads one to assume that young workers will soon be asked to pay even more money into the system. But why should we agree to higher taxes, especially when Congress will continue to waste the Social Security surplus on pork projects totally unrelated to retirement?



Posted by Jeremy Tunnell

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Health problems are seen across the globe. Obesity is one of the major health problems of America that rise on both adult and children. Today the world is now being alarmed by the so-called H1N1 swine flu. Thatís why having health care is very important as it helps us to stay healthy. There are some people that often refuse to seek medication as it can leave a major strain to their budget. Thatís why some people would seek help in financial assistance like credit card in order for them to pay for their medical bills. At last, the CRL takes a stance with what resembles a common sense approach; a call to action regarding something to do with the problem. (Now we have to deal with the horsemen, the rain of fire, and the end of days.) The CRL, or Center for Responsible Lending, has taken aim at credit cards by sponsoring HR 627, or the Credit Card Accountability Responsibility and Disclosure Act of 2009. The Credit CARD Act, as it's called, could ensure more fairness in how card companies deal with customers, and limit things like hidden fees and retroactive interest rate increases. President Obama is on board. The CRL not going after installment loans and targeting an actual predatory lender Ė it's about time.

Posted by Edith on May 23rd 06:03:59 AM



Health care is indeed important as it helps us in maintaining our health. As much as possible we must avoid acquiring sickness as it can leave a major strain to our budget. With the economy that we ave today more and more people are looking for installment loans hoping that it could respond to their financial needs. But with the increase of demands on financial aids there are lending companies today that are involved in predatory lending. Thankfully, the government has now done something to protect the consumers especially those people that are using credit cards

Posted by CRL on May 23rd 06:26:51 AM


 

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