Daily Archives: July 29, 2014

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Social Security Disability Insurance Overwhelmed

So how do you overwhelm the system? Why not grant Social Security Disability Insurance to unemployed people (who are not disabled) after their unemployment insurance runs out. That ought to do it. Now, the Social Security Disability Insurance fund will go broke in 2016. Look up the Cloward-Piven Strategy when you get a moment.

Using SSDI to supplant unemployment insurance is not why the DI fund will be broke in two years. That was going to happen regardless. It is going broke because, except for Bush 43 nine years ago, no one in Washington is willing to face reality and fix it for future generations.

Links: Social Security Board of Trustees Press Release | Investing In America Will Save Social Security | Dems Help Systems, Not People, In Social Security Reform

Economy, Fair Tax, IRS, Whiners

Merck Reports Record 2Q

Time for a little good news from an industry that is continuously under attack from the slip-and-fall lawyer industry.

Merck & Co. (MRK) on Tuesday reported earnings that more than doubled in its second quarter, and topped analysts’ expectations.

  • Earnings, adjusted for one-time gains and costs, were 85 cents per share.
  • Merck shares have increased $7.92, or 16 percent, to $57.97 since the beginning of the year.
  • The stock has climbed $9.63, or 20 percent, in the last 12 months.

What comes next is the attacks from the anti-capitalist Progressives, accusing Merck of evil doings. What they won’t say is that Merck merely followed the IRS tax code.

Link: Merck 2Q profit more than doubles