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You can look at the financial health of Social Security in many ways, writes Tom Anderson/CNBC.

Social Security Card

The official version, found in the Social Security and Medicare Boards of Trustees’ annual report, is this:

Social Security’s total income is projected to exceed its total cost through 2019, as it has since 1982. After 2019, interest income and money taken out of reserves will provide the resources needed to offset Social Security’s annual deficits until 2034.

By then, if Congress does nothing, the federal government will collect enough in payroll taxes to pay about 75 percent of scheduled retirement benefits until 2090.

The Social Security Administration projects that unfunded obligations will reach $11.4 trillion by 2090. That’s up $700 billion from the $10.7 trillion the administration projected for its 2089 shortfall.

Infinite horizon

Despite the huge numbers, there’s even a less generous way of looking at the fiscal shortfall.

A projection, known as the “infinite horizon,” takes into account all the program’s future liabilities, even those beyond the 75-year period that Social Security actuaries typically use in their calculations.

Under the infinite horizon, Social Security will have $32.1 trillion in unfunded liabilities by 2090, $6.3 trillion more than last year’s projection. (See the chart below.)

Social Security Shortfall

The infinite horizon calculation is the most important part of the trustees’ annual report, said Laurence Kotlikoff, a Boston University economics professor and co-author of “Get What’s Yours,” a best-seller about how to maximize claiming Social Security retirement benefits.

“We’re not broke in 20 years to 30 years, we’re broke now,” Kotlikoff said. “All the bills have been kept off the books by Congress and presidential administrations for six decades.”

The $6.3 trillion increase in the infinite horizon projection shows that Social Security Administration actuaries are more pessimistic about economic and wage growth, Kotlikoff said.

A reduction in the interest rate used to make calculations under the infinite horizon projection from 2.9 percent to 2.7 percent was the main contributor to the rise in the unfunded obligations forecast from last year, according to the trustees’ report.

“You can’t hide the numbers under a bunch of malarkey,” said Kotlikoff, who is running for president as a write-in candidate.

Kotlikoff had an influential ally in his quest for better accounting for Social Security and other federal programs. In 2013, Sen. Tim Kaine, the Democratic Party’s vice presidential nominee, co-sponsored bipartisan legislation that would require the federal government to use infinite horizon calculations and so-called fiscal gap accounting, which considers the difference between the government’s projected financial obligations and the present value of all projected future tax and other revenue. The bill, which Kotlikoff championed, did not pass.
Presidential proposals

Presidential candidates from the two major political parties have yet to present detailed plans for how they will address Social Security’s shortfall.

Hillary Clinton said she won’t cut Social Security benefits and will expand the program, especially for widows and people who have left the workforce to take care of children, spouses or relatives.

She plans to ask “the highest-income Americans to pay more, including options to tax some of their income above the current Social Security cap and taxing some of their income not currently taken into account by the Social Security system,” according to her campaign website.

Currently, earnings up to $118,500 are taxed for Social Security benefits. Eliminating the cap this year would mean the trust fund reserves would be depleted in 2055 instead of 2034, according to estimates from Karen Smith, a senior fellow in the Income and Benefits Policy Center at the Urban Institute.

Clinton opposes “any attempts to gamble seniors’ retirement security on the stock market through privatization.” However, investing a portion of Social Security’s trust fund assets in stocks would likely reduce the need for higher payroll taxes without disrupting the capital markets, according to a recent analysis by the Center for Retirement Research at Boston College.

Donald Trump has said he wants to preserve Social Security, saying the key to do so is to have “an economy that is robust and growing.”

Stronger economic growth may delay Social Security’s insolvency, but it would not fix its underlying fiscal problems, according to Smith’s research.

So what would have a big impact on Social Security’s fiscal standing if you don’t cut benefits? Raising payroll taxes. Smith found that increasing payroll taxes by 3 percentage points from 12.4 percent — half paid by employers and half paid by employees — to 15.4 percent would make Social Security reserves last at least 53 years longer, or until 2087.

Few politicians are proposing that fix for future generations.

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Editor’s note: Originally posted in 2012, this article gets at the Jewish ethnic angle behind the “War on Christmas.”

Snowy Christmas

A new book, Joshua Eli Plaut’s A Kosher Christmas: ’Tis the Season to Be Jewish, documents what we have known all along: The Jews did indeed subvert Christmas. This book deserves a full review, but Ethan Schwartz’s summary and comment (“Twas the night after Christmas“) deserve scrutiny. First the summary:

Jews have been the vanguard of an effort to “transform Christmastime into a holiday season belonging to all Americans,” without religious exclusivity. The most important Jewish mechanisms of secularization are comedy and parody, for laughter undermines religious awe. Take, for example, Hanukkah Harry from “Saturday Night Live”, who heroically steps in for a bedridden Santa by delivering presents from a cart pulled by donkeys named Moishe, Hershel, and Shlomo. Remarkably, Hanukkah Harry has emerged as a real Santa-alternative for many American Jews. Plaut sees such things not as attempts at assimilation but as an intentional subversion of Christmas traditions. “Through these parodies,” he writes, “Jews could envision not having to be captivated by the allure of ubiquitous Christmas symbols.” And it isn’t just Jews: for Americans in general, Jewish parody helps ensure that Christmas “not be taken too seriously” and that the celebrations of other traditions “be accorded equal respect and opportunity.”

There seem to be two messages here. One is the message of subversion utilizing ridicule among other methods. The other is that Jews are seen as high-mindedly making Christmas “into a holiday season belonging to all Americans.” The end result is that Christmas is not “taken too seriously” and the Christian religious aspect central to the traditional holiday is de-emphasized.

People who take their religion seriously do not allow their religion to be ridiculed. One need only think of the Muslim reactions to cartoons ridiculing Mohammed. The fact that Jews have been able to ridicule Christianity without any serious negative consequences is an important marker of Jewish power and an equally strong indication of the decline of Christian religious belief. I suspect that the organized Jewish community would react in outrage if non-Jews ridiculed religious Judaism. Indeed, any criticism of Jews as Jews is off limits in the mainstream media. (A topical short list of verboten topics: the loyalties of neocon Jews and their role in promoting the war in Iraq, the Jewish aspect of the Ivy League admissions scandal, how Jewish control of Hollywood influences media content.)

Schwartz doesn’t quarrel with Plaut’s evidence, but wonders if it’s good for the Jews that such a book be written:

There is something disconcerting about this thesis, summoning up classic anti-Semitic images of conspiracy and sabotage. Without a trace of irony, Plaut recounts incidents in which fundamentalist Christian groups complained that “certain Americans, particularly Jews, were trying to take the ‘Christ’ out of Christmas.” He adds that “anti-Semitic comments often ensued.” Those Christian fundamentalists might well feel vindicated by Plaut’s argument; yet Plaut is unfazed by this connection, and rightly so. It is not inherently anti-Christian, he recognizes, to oppose Christianity’s domination of a secular democracy. If Jews have helped to make American society more open, they should be proud of it.

So Jews subverted Christmas but their motives were pure and idealistic. But such an account ignores the Jewish role in conceptualizing America as a proposition nation—a major topic of The Culture of Critique. The Jewish stress on cultural pluralism (which has now morphed into multiculturalism) was an explicit rejection of the ethnocultural strand of American identity, an important part of which was Christianity. (Indeed, until the recent wave of immigration resulting from the 1965 law, Jews constituting 2-3 percent of the population, were the only identifiable American group that was not Christian.) Jews were central to building a wall between religion and the public square which has resulted in the “war on Christmas” that we still see raging. Jews were also central to changing U.S. immigration policy to be open to all the peoples of the world, again with an ideology that America is merely a set of abstract principles and has no ethnic or cultural core; therefore it should be open to all peoples and these peoples should be able to retain their own culture as part of the American mosaic.

I realize that many good people shy away from saying it, but the reality is that Jews have very aggressively pursued policies that benefit them and are opposed to the interests of the traditional people of America and the West. And because Jews attained status as an intellectual and media elite, they have been able to have a very large effect on public policy and even on the attitudes of non-Jews.

Plaut emphasizes the difference between the very aggressive behavior of Eastern European immigrants with their hatred of Christianity contrasted with the German Jews who arrived in the mid-19th century and “embraced the holiday.” It’s an important distinction, at least in the American context. But in any case, Plaut’s description of the motives of the Eastern European as stemming from their hatred of Christianity hardly paints them as idealistic crusaders on behalf of an open society. It bears repeating once again that Jews react with hostility to the idea that Israel should not have a Jewish ethnocultural core while they have led the campaign against the idea that America and the West have any ethnocultural core. As with their promoting non-White, non-Christian immigration, their advocacy has nothing to do with ideals of moral universalism but everything to do with pursuing what’s good for the Jews, motivated by Jewish hatreds toward the traditional people and cultures of the West. The war on Christmas is thus a central example of the theme of Jews as a hostile elite.

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Ahead of the elections in France, Austria and the Netherlands and the Italy referendum, the stakes for Europe are high as rising right-wing populism challenges mainstream politics and the future of the European Union

Marine Le Pen Far-Right

With right-wing populism seemingly unstoppable across the European Union, the upcoming elections in Europe have become a test for how far a tide of nationalist and populist politics will rise and endanger the future of the European project. Western elections have already seen two shock anti-establishment outcomes this year with Britain’s referendum decision to leave the European Union in June and Donald Trump’s U.S. presidential victory.

As the elections in France, the Netherlands and Austria and the Italian constitutional referendum near, populist parties across Europe ride a wave of anti-establishment fervor driven notably by anti-immigrant sentiment, challenging mainstream parties.

France

Francois Fillon, having clinched the presidential nomination for the right-wing Republicans party, will now join a far bigger battle for the future of France, the European Union and mainstream politics in the West. Fillon secured the nomination of the French conservative Republicans on Sunday with a resounding victory over his more moderate challenger Alain Juppé.

Yet after five torrid years in power, marked by rampant unemployment and a series of militant attacks, the Socialists and the broader left are deeply divided. As a result, opinion polls suggest it will be Fillon and the far-right leader Marine Le Pen who fight it out for the presidency in a second round, with Fillon looking set to win. The former UKIP leader Nigel Farage stated that the possible victory of Le Pen would be a major blow for the European Union, the Independent reported.

Fillon’s plans to slash public sector jobs and his socially conservative views on issues such as gay marriage could steal votes from far-right National Front candidate Marine Le Pen – but also alienate centrist voters.

The French former prime minister sees a bloc piloted by individual states rather than by Brussels. He also argues that France has a “problem linked to Islam.” Fillon, accused by his critics of being too close to President Vladimir Putin, has called for the lifting of sanctions that were imposed after Russia annexed Crimea from Ukraine. He believes the EU and United States “provoked” Russia by expanding NATO’s presence into eastern Europe. Fillon has also urged an alliance with Putin and Bashar Assad against Daesh.

Italy

Italians prepare for a Dec. 4 referendum on constitutional reforms that could fuel a populist insurgency in the country. The constitutional reform proposes drastically diminishing the powers of the upper house Senate, leaving most decision-making in the hands of the lower house. It will strip the Senate of its ability to bring down the government, cut the number of senators to 100 from 315. The referendum would give Italy stronger government, guaranteeing a big majority to the winning party and giving party bosses wide authority to handpick candidates. Italian Prime Minister Matteo Renzi says the project is necessary to make Italy, which has had 63 governments since 1948, governable enough to enact reforms needed to revive its moribund economy. Opponents say it would reduce democratic checks and balances.

The Five Star Movement (M5S), the other radical opposition party that is fronting the “no” campaign in Italy’s ballot and is best placed to beat Renzi’s Democrats at the next elections, was also galvanized by the outcome of the White House race.

The 5-Star itself is demanding a return to proportional representation, which would keep alive Italy’s tradition of coalition government, with no one party ever in a position to impose itself on the country.

Renzi has tied his political career to the referendum, in a move that backfired as opinion polls turned against him in recent months. He has pledged to leave politics altogether if the reforms he champions are rejected, triggering the so-called “Renxit” scenario.

Opinion polls now predict Renzi’s defeat, in what would be the third big anti-establishment revolt by voters this year in a major Western country, following Britain’s unexpected vote to leave the European Union and the U.S. election of Donald Trump.

Austria

The two candidates in Austria’s longest ever presidential race clashed Sunday over the European Union, Donald Trump, and migrants as they faced off in a TV duel a week before the runoff.

Greens-backed contender Alexander Van der Bellen accused his far-right rival Norbert Hofer of stirring insecurity by threatening to pull Austria out of the EU.

Hofer of the anti-immigration Freedom Party (FPOe) has said he would call a referendum on EU membership if Turkey joined the 28-member club or if Brussels tried to centralize power further.

“The FPOe has been toying with Austria’s exit for 20 years. Many politicians in Europe are worried that the mere speculation could trigger… an avalanche of right-wing populism,” said 72-year-old Van der Bellen during the live debate broadcast on private channel ATV.

Hofer hopes to become the EU’s first far-right head of state on Dec. 4, after nearly 350 days of campaigning.

The Netherlands

Far-right Dutch MP Geert Wilders was topping the polls ahead of March elections, a new survey said, appearing to have been boosted by his ongoing hate-speech trial. According to a poll released on Sunday, if elections were held now the anti-Islam politician would take 33 seats in the 150-seat Dutch parliament. That would make his Freedom Party (PVV) the largest group in parliament, pushing the Liberal Party of Prime Minister Mark Rutte into second place with just 25 seats – well down on the 41 it currently has.

Wilders’s PVV party took the lead in the polls late last year amid a polarizing debate over how to accommodate the wave of migrants arriving in Europe. It had slipped back to run neck-and-neck with the Liberals in recent months. But amid a wave of publicity since the October 31 start of Wilders’s trial, support has been steadily climbing and the PVV moved back ahead of the Liberals two weeks ago. The Freedom Party currently holds just 12 seats in parliament.

Rutte’s Liberals currently govern in a coalition with their junior partner the Labour Party (PvdA) together holding a 75-seat majority. But Sunday’s polls showed Labour only keeping 10 seats in the upcoming vote.

Wilders is now awaiting a Dec. 9 verdict having been charged with inciting racial hatred and insulting a racial group. If found guilty of insulting Moroccans during an election rally in 2014, he faces a 5,000 euros fine.

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A professor at Philadelphia’s Drexel University has a heartwarming Christmas message: Associate Professor of Politics and Global Studies George Ciccariello-Maher is wishing for a “white genocide.”

Ciccierello-Maher

Taking to his Twitter account on Christmas eve, Ciccariello-Maher, himself a white man, tweeted, “All I Want for Christmas is White Genocide.” He later deleted the tweet.

The professor who describes himself as a “visiting researcher” at El Instituto de Investigaciones Sociales in Mexico also had praise for the “massacre of whites.”

To clarify: when the whites were massacred during the Haitian Revolution, that was a good thing indeed.

— George Ciccariello (@ciccmaher) December 25, 2016

In another tweet, Ciccariello-Maher, an Associate Professor of Politics and Global Studies at Drexel, denies being “alt-left” and says he is, instead, an outright communist.

Sorry, I’m not “alt-left,” just an actual communist.

— George Ciccariello (@ciccmaher) December 11, 2016

Later he “jokingly” claimed his account was hacked.

@RellieRelz LOL I was hacked I swear

— George Ciccariello (@ciccmaher) December 25, 2016

The professor’s Twitter feed is filled with hateful, obnoxious messages, anti-Americanism, slams of President Donald Trump, attacks on Jews, as well as pro-Black Lives Matter and pro-communist sloganeering. He also tweeted a picture of a “Make America Great Again” hat set on fire:

Calls have been made to Drexel University to see if school administrators condone the sort of remarks Ciccariello-Maher frequently makes online, but requests for comment had not been returned by press time.

Ciccariello-Maher claims to be an “expert” on Venezuela but no where on his Twitter feed is any acknowledgement of the depths of despair that Venezuela has been reduced to as a result of its failed communist leadership.

Things have gotten so bad in the once prosperous South American nation that parents are giving up their children because they cannot feed them and, even worse, reports of cannibalism have been seen.

As Thomas Lifson notes, this communist professor “teaches” at a university that charges over $34,000 in tuition a year. One would think he would not want anything to do with a school that wasn’t free for the masses.

Drexel later posted:

RESPONSE TO PROFESSOR GEORGE CICCARIELLO-MAHER’S TWEET
December 25, 2016
Drexel became aware today of Associate Professor George Ciccariello-Maher’s inflammatory tweet, which was posted on his personal Twitter account on Dec. 24, 2016. While the University recognizes the right of its faculty to freely express their thoughts and opinions in public debate, Professor Ciccariello-Maher’s comments are utterly reprehensible, deeply disturbing, and do not in any way reflect the values of the University.

The University is taking this situation very seriously. We contacted Ciccariello-Maher today to arrange a meeting to discuss this matter in detail.

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Investigators say a Phoenix man was plotting a ‘lone wolf’ attack in support of ISIS.

Abu Talib Al-Amriki

Via abc15:

Derrick Thompson, who also goes by the name Abu Talib Al-Amriki, was arrested by the Arizona Joint Terrorism Taskforce earlier this week.

In October, investigators say Thompson made several Google searches including: midnight mass, martyrdom vs suicide and which type of gun is the most powerful. He also reportedly posted on his Google Plus account in October, “We need to get down with this ISIS SHIT.”

According to court paperwork, it was January 2015 when Thompson tried to buy gun from backpage.com with the intent to carry out an attack for ISIL. However, Thompson is a convicted felon – which prohibits him from buying a firearm.

Investigators say since 2014, Thompson has been an “avowed jihadist,” and has conducted 100’s of Google searches for handguns, rifles, scopes and crossbows.

Thompson, who was raised in Arizona, was involved in two armed robberies in 2005 along with two other men. They robbed two men in two days, armed with a handgun and an SKS rifle with a bayonet. Thompson was sentenced to seven and half years in prison for his involvement in these crimes. Thompson was released on January 1, 2013.

Thompson’s arrest comes a month after an 18-year-old Arizona man was sentenced to eight years in prison for terrorism convictions stemming from a plot to attack a motor vehicle office in metro Phoenix.

The fact that Derrick Johnson has given himself an Arabic name and was preparing to be a martyr tells us that he takes his commitment to Islam very seriously. He most likely converted to Islam in prison. Muslim gangs are taking over our prisons and converting inmates at an alarming rate. What is even more egregious is that he was only recently arrested despite his overall abysmal history of crimes and repeated attempts to carry out terrorist attacks after his release from prison in 2013.

We need to have a zero tolerance policy for people who attempt to carry out terrorist attacks. If we don’t take this fight seriously, we will end up like Christians and Jews in the Middle East who are constantly attacked in their places of worship.

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GOP lawmakers in Wisconsin are reportedly threatening to block additional state funding unless a new course at the University of Wisconsin, Madison, called “The Problem of Whiteness” is canceled.

David Murphy

State Rep. Dave Murphy told the Milwaukee Journal-Sentinel he has told his staff to pore over university course offerings to make sure “they’re legit.”

“We are adding to the polarization of the races in our state,” Murphy told the newspaper about the course.

Damon Sajnani

Murphy planned to push for more funding for the UW system in the next state budget, but said he would rethink that support if the university chose to stand behind course teacher, Damon Sajnani [a Rapper from Canada], the Journal-Sentinel reported.

Murphy also is concerned about tweets the African-American studies teacher posted after five Dallas police officers were killed last July 7, according to the Journal-Sentinel.

According to the newspaper, Sajnani posted a link to a song called “Officer Down,” adding the comment: “Watching CNN, this is the song I am currently enjoying in my head.”

The university told the Journal Sentinel that Sajnani’s course, slated for the upcoming spring semester, was an elective intended as a “challenge and response to racism of all kinds.”

Provost Sarah Mangelsdorf also defended the university’s staff’s prerogative under the First Amendment to use social media as they see fit, but added the school does not condone the incitement of violence, the newspaper reported.

Murphy’s push to force the university to drop the course has support from other Republican state lawmakers, including state Sen. Steve Nass who first brought his concerns about the course to university officials, the newspaper reported.

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