Employee Retirement Income Security Act

You know the safety net is in danger when lawmakers fire away and claim they’re trying to save it. On the first day of the new Congress, the House warned that Social Security benefits might need “saving”. The Congressional Budget Office twice ran the numbers on “saving” Medicare by raising the starting age from 65 to 67. It’s a shame, the story goes, but the money just isn’t there.

In May of 2014, financial firm Credit Suisse AG pled guilty to serious criminal charges. The giant bank aided and assisted approximately 22,000 wealthy U.S. taxpayers (whose names Credit Suisse AG escaped having to send to the Justice Department for law enforcement) for over a decade in filing false income tax returns and other documents with the Internal Revenue Service (IRS).