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social security

Economics/Politics

In Addition To His Sick Beats–did Dr. Marc Allan Feldman Leave Us With a Practical Solution To Social Security?

It has been almost three weeks since former Libertarian Party presidential candidate Marc Allan Feldman passed away. Feldman, an anesthesiologist from Cleveland, was a beloved Party activist who finished 5th in the presidential primary voting at the Libertarian Party convention in May. Among his many accomplishments in both his professional life, as well as in the Libertarian Party, Dr. Feldman is remembered for the closing statement–which is really more of a rap–he delivered during the convention’s presidential debate. However, one part of Feldman’s debate performance especially stood out to me, and it was not the rap. While responding to a question about social security, Dr. Feldman put forth one of the most practical and ingenious solutions to the social security problem that I have ever heard. As you are likely aware, the social security system is going bankrupt. The program is a huge portion of the federal budget and it is only growing. After years of squandering the payments of baby boomers, the government can’t afford the entitlement program… Keep Reading

Economics/Politics

U.S. Nuclear Force To Phase Out Floppy Disks By 2017 Despite $80 Billion On Federal Upgrades

If you asked most children what a floppy disk is, they wouldn’t have the slightest clue. While most computers today do not even use one – a sign of progress – a recent report states that the U.S. Pentagon is still using 8-inch floppy disks from the 1970s to operate its nuclear weapons. This should be a disturbing revelation on many counts. Seemingly undeterred by the lucrative spending allocated towards the military budget, (about $598.5 billion just in 2015) the Office of Management and Budget noted $80 billion of it was to be allocated towards maintaining aging computer systems. Yet, the Government of Accountability Office showed that the Pentagon was one of many departments where “legacy systems” urgently needed to be replaced. It is worth mentioning that the Government of Accountability Office also noted that more than 75 percent of $80 billion budgeted was for federal IT efforts across all agencies for the 2015 fiscal year. Much was spent on operations, maintenance investment, and they claim that this spending has increased in the past seven years. Never mind that the Department of… Keep Reading

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