New reports out today from AARP and its Public Policy Institute underscore how the tough economy has taken a toll on the middle class, including those over age 50.
The group says today’s workers are much less likely to enjoy a secure retirement, let alone the kind of retirement that their parents or grandparents enjoyed. They say these workers have seen their incomes fall, their savings shrink, and have gone deeper [...]
President Obama invoked AARP to defend his health care law last night, prompting the influential group to release a statement telling him not to do that again.
“While we respect the rights of each campaign to make its case to voters, AARP has never consented to the use of its name by any candidate or political campaign,” the group posted in a statement. “AARP is a nonpartisan organization and we do not [...]
Pennsylvania Voter ID Law Ruling: Judge Halts Enforcement Of Law For Election
A judge is postponing Pennsylvania’s tough new voter identification requirement, ordering that it not be enforced in the presidential election.
Tuesday’s ruling comes just five weeks before the election. An appeal is possible. The 6-month-old law requires each voter to show a valid photo ID.
Democrats and groups including the AARP and NAACP mounted a furious opposition to a law Republicans [...]
Do you want to know when the “economic collapse” is going to happen? Just open up your eyes and take a look.
The following are 65 signs that the economic collapse is already happening all around us….
1. Since Barack Obama entered the White House, the number of long-term unemployed Americans has doubled from 2.7 million to 5.4 million.
2. The average duration of unemployment in the United States is nearly three times as long as it [...]
With studies showing home foreclosures hitting blacks and Latinos hardest, the Obama administration’s answer is baffling as well as destructive — to lend them more money, repeating the cycle of easy credit that led to the housing boom and bust.
A new AARP report finds that even elderly minorities are facing serious mortgage delinquencies. Fifty-and-over African-Americans, for example, are almost twice as likely to lose their home as older whites.
“This crisis [...]
The Huffington Post
May 24, 2012
Editor’s note: Obama suggests new revenue stream for government.
President Barack Obama acknowledged in an interview published Thursday that older workers who lose their jobs have a harder time getting back to work than their younger counterparts do.
“When you lose your job in your 50s, it’s a lot tougher, because a lot of employers say to themselves, ‘Well, I might have to pay those people more. [...]
by Brandon Ballenger
In the past few months, politicians like Texas Gov. Rick Perry and House Speaker John Boehner have suggested Americans spend as much as $500 billion a year to file taxes.
That’s way off, according to Politifact. But they cite a tax expert’s opinion and a 2005 Government Accountability Office study that both suggest it is, however, probably above $100 billion a year.
That’s a crazy number, considering many Americans don’t have to pay anything. According to the IRS, 70 [...]
Some of these changes you will see this year. Others phase in over the next several years.
If you are on Medicare, buy health insurance
on your own, have insurance through your
employer, or can’t get or afford health insurance, the new health care law will affect you.
By knowing what’s in the law and when the
different provisions take effect, you can make
better health care choices for yourself and
• Strengthens Medicare
• Makes [...]
By Keith L. Alexander, Published: November 10
NEW ORLEANS — Chaka Khan is more than angry.
Instead of getting to rest before her show at the Louisiana Superdome, the R&B star has been booked for two speaking engagements. She’s holed up in her hotel suite, fuming. Outside, her assistants are waiting for her to open the door.
Her makeup artist, Derrick Rutledge, is waiting, too. He just flew in to do her after working [...]
BOSTON–Chanting “hands off” and “no cuts,” hundreds of seniors rallied here to warn Congress’s deficit-cutting supercommittee to stay away from Social Security, Medicare, and Medicaid.
“When you get older, you need help, not cuts,” said Steve Ciardi, a former pipe fitter who has multiple sclerosis and was in a wheelchair being pushed by his wife, Patty.
“That is what the country is about – helping people,” she said.
AARP Massachusetts, the SEIU and [...]
As reported by the Washington Post, the Fed turned a blind eye for years and allowed massive fraud in the mortgage market.
After Alan Greenspan changed his mind and admitted that financial players commit fraud unlessÂ laws are enforced (see this and this), many hoped that the Fed would start cracking down on fraud a little bit.
Unfortunately, the Bernanke Fed is continuing to try to sweep fraud under the [...]