Elsewhere on the Internet

So it’s been two weeks since I’ve done a roundup for y’all. What can I say? This summer his kicked my hiney. Between the heat and the kids and the chores and Leif’s crazy work schedule … sometimes not everything gets done. Like the laundry. But that’s another story for another day.

So go click my links (my editors like web traffic, yo!) and maybe even give my articles a glance. You might even learn something! I know I did writing them.

Just after Governor Rick Perry announced his run for the presidency, I wrote about his jobs record in Texas. Spoiler alert: It’s better than Obama’s.

I wrote about the truth behind those ‘budget cuts’ we keep hearing about. They aren’t cuts at all. They’re an increase in spending. Only in Washington … sigh.

I never thought about this problem before, but how do women get bras in Saudi Arabia? They’re not allowed to work, and men aren’t allowed to fit them. My breasts salute America!

We need Social Security reform. The Ponzi scheme is going to collapse, and soon.

In Idaho, a man is being prosecuted for killing a grizzly bear that was on his property. The bear was approaching his family, which includes six children, aged 10 months to 14 years. Bottom line: People > Bears.

Environmentalists are now going after our clean clothes. Leave my fabric softener alone!

Happy reading!

President Obama Attempts to Tackle Deficit Spending With High Taxes

On Wednesday, President Obama addressed the nation to talk about the deficit problem. Theannual deficit is the amount of money our government spends in a year that is not covered by the taxes we pay. That is opposed to the national debt, which is the accumulation of these deficits.

Currently, our deficit is $1.65 trillion. To put that in perspective, if one dollar equaled one second, it would take over 52,000 years to equal this year’s deficit. I don’t think my poor little calculator could do the math on our over $14 trillion of accumulated debt.

Obviously something needs to be done. We either need more money coming in, or less money going out. As pointed out on IowaHawk’s blog, not enough money realistically exists to cover our expenditures. Therefore, we must reduce our spending to balance the budget and begin to pay down our tremendous debt.

According to Reuters, 59% of Americans would cut programs to reduce deficit spending, while 30% would raise taxes to cover the cost. President Obama agreed in Wednesday’s speech that cutting some spending might be necessary … right before he slammed Republicans for trying to lead us to a fundamentally different America than the one he’s known.

Read the rest at The Stir

Social Security: It’s Time to Do Something About YOUR Money

Social Security is projected to run at a deficit in 2011 and beyond, with the coffers running dry by 2037. After all, there were an awful lot of babies born in the 1940s and ’50s, and they’re just beginning to reachretirement age. Starting this year, there will be more money paid out to these retirees than paid in by workers.

In the Land of Balanced Budgets, there are only two solutions: Cut benefits or raise taxes. Neither is very popular, which is probably why politicians don’t like addressing the Social Security thing.

Let’s do some retirement math. Let’s say you’re 30 years old and making a decent annual salary of $50,000. Right off the top, you have to put $3,100 into a forced retirement plan called Social Security. Your boss has to put another $3,100 into that account for you instead of giving it directly to you. Instead of having $6,200 in your hands to invest however you see fit, the government is now in charge of it.

Assume that you had instead invested that $6,200 in the marketplace with an 8% rate of return. When you are getting ready to retire at age 65, that $6,200 will have grown into $91,669.13, without any other additions (that’s the magic of compound interest). Assuming you added to your retirement account each year, as well as paid off your mortgage and all other loans, you should be financially fine in retirement.

Now let’s give the government that $6,200. How much will it be worth after 35 years? Zero. Zip. Zilch. Nada.

Read the rest at The Stir

New Nonpartisan Website Educates Moms About National Debt

I’ve been in Washington, D.C. this week with a group of ‘mom’ bloggers to promote a super cool new project called MomThink.org. The whole political spectrum was represented, from the ultra conservative (yours truly) to the deep blue Momocrats, but we all had two things in common: Motherhood and a concern for the national debt.

MomThink.org is a nonpartisan campaign with the goal of “educating mothers about important issues that will impact their children today and in the future.” The number-one issue on everyone’s mind right now (politicians and moms alike) is the national deficit and debt, and how to overcome it.

Out of control spending is one of the few topics that both political parties seem to be able to agree on these days. We can’t agree on how to balance the budget, but there’s no denying that it needs balancing. The beauty of MomThink.org is that it isn’t about the hows of balancing trillions of dollars as much as it is about bringing facts and information to moms so that they can develop their own informed opinions.

Read more at The Stir

Candidates Talk Social Security Reform (At Last!)

Traditionally, this issue of Social Security reform is one that few candidates have been willing to touch upon. After all, no one wants to alienate a huge block of voters, in this case senior citizens that rely upon that check each month.

I don’t think it’s unreasonable to say that 2010 is not a typical election year. In the last few years, we’ve seen government spending spiral out of control, paid for by IOUs from our children and grandchildren.

The Tea Party movement is just one indication that people are fed up with our government’s current ideology of spend, spend, spend, and then spend some more. People are frustrated that government has gradually taken control of what should be personal choices, and has mandated our participation.

Like health insurance. The new health care law doesn’t care if someone doesn’t want to spend their money on health insurance; it demands that they do so. Or education. Our current education system punishes those that would choose to educate their children in the home or in private school. This does not exactly sound like freedom of choice.

Social Security is a forced retirement plan. Money is taken out of your paycheck, and when you reach a certain age, you receive monthly payments. Unlike private retirement, people don’t get to decide how much to save, nor where to invest it.

Now there’s an even bigger problem with Social Security than freedom of choice. The baby boomers are entering retirement, and the current system is simply unsustainable. Theoretically, the money should be there, waiting for the retiree, but the real world doesn’t work in theory.

Social Security spending is set to enter the red permanently in 2015, so something has to be done. Candidates are now speaking out about retirement benefits. Florida Senate candidate Marco Rubiosays that the age needs to be increased for the younger generation. Kentucky Senate nominee Rand Paul shares Rubio’s views, saying, “You’re going to have to have eligibility changes for the younger people.”

Joe Miller, the Republican that beat incumbent Lisa Murkowski in the recent primaries in Alaska takes it a step further, calling for at least some privatization of the system.

In an interview with CNN in September, Joe Miller touted a privatized system as “an account that the government is not going to steal from.” Asked whether he’d be open to ending “federal Social Security” for Americans being born now, he said: “Absolutely.”

No matter what our politicians decide to do about Social Security, one thing is certain. The current system will collapse if we do nothing. I’m glad our candidates are talking about it. Someone needs to.

Cross Posted at The Stir