Free Republic

The combined trust funds for Social Security are projected to run out a year later than previously expected, a board of trustees of the program’s accounts said Monday. In the latest report, trustees expect the projected depletion date for the Old-Age and Survivors Insurance (OASI) Trust Fund, which pays out Social Security benefits to retirees, and the program’s smaller Disability Insurance (DI) Trust Fund is 2035. Biden administration officials said the projected depletion date for the OASI trust funds has moved to November 2033, seven months later than last year’s projection, partly due to economic growth. On a call with...

If Jamie Dimon was pondering a career change as a fortune-teller, he’d be wise to stick to the day job. On the other hand, if someone of Dimon’s stature could be so wrong about the banking turmoil that continues to sweep across the US, a cynic might ask whether he was still the right person to be running one of the world’s largest financial institutions, particularly when that organisation is right at the centre of Government-led efforts to prop up the whole system. Having ridden to the rescue of California lender First Republic over the weekend, JP Morgan’s superstar boss...

Industry officials warn 7.3million American jobs will disappear if U.S. President Barack Obama's administration tightens regulations in a bid to reduce smog. The industry-sponsored researcher who came up with the number cautioned, however, that there was uncertainty surrounding that number. Although economist Don Norman pointed out: 'Even if the numbers are half of that, the number is huge.'

For decades abortion supporters argued that restrictions on abortion would cause women to die in unsafe "back alley abortions" all across the land. This scare tactic was a mantra that seemed to work quite well to spread abortions throughout the states and helped spur the Supreme Court to penumbra its way to a pseudo Constitutional "right" for abortions. But the main thrust of the tactic was ostensibly warning about unsafe medical procedures, a situation that they wanted to change. Flash forward to 2010 and we see President Barack Obama and his Democrats about to send not just abortions, but our...