Wake up MSNBC! Social Security is the Biggest Ponzi Scheme Ever Created.

When young people pay into a system that provides benefits to the elderly, and there is no chance that the youth will have the privilege in the future to those same benefits, you have a ponzi scheme.  To make matters worse, the surplus in the trust fund has been used to finance our past federal deficits.  And to top it off the inflationary policies of the Federal Reserve have allowed prices to rise with no equal rise in the amount of benefits to the recipients of the current checks.  Who is the culprit?  Anyone who yields the principles of the free markets to government centralized planning is guilty of leading us down this path of bankruptcy. 

The Cluelessness of the Obama Administration

President Obama could use a good lesson in economics.  If I was the instructor, the first thing I would tell him is a President is not a jobs creator.  However, he can be a job destroyer and that's exactly what his expansion of federal regulation, his imposition of ObamaCare and the threat of raising taxes on the rich is doing to America.  Obama is releasing information about his new "jobs" plan that includes extending unemployment benefits, increasing aid to local governments and prolonging the reduction in payroll taxes.  But the basic principle Obama doesn't understand when it comes to the economy is that the solution to prosperity in this country is ensuring that entrepreneurs can keep the fruits of their labor and can operate in an environment friendly to business.  This exact reason is why Obama's "jobs" plan will do absolutely nothing for our country.  If I was his instructor he would receive a pretty terrible grade.  In reality, the American people are the instructor and their grade of him is being reflected in his diminishing job approval numbers every week.   

The Stupidity of Minimum Wage Laws

The state of California is currently considering a bill (Assembly bill 889) that would require parents to pay babysitters minimum wage, provide breaks every two hours and pay the sitter over-time.  This kind of central planning is absurd.  The advocates will argue that it provides the sitter a better workplace environment and more income.  But what they neglect to see, like in most minimum wage situations, is that it will reduce employment when parents no longer can afford to higher a sitter due to the higher costs created by law.  With that said, the more important question here is: if the government can invade our home economy, is there any limit to governmental power and oversight??