Lost River Elementary first
school to stage a show
at Bowling Green facility.
See Tuesday’s Learning
WKU beats Troy with
RBI single in extra inning
show at Nick Denes Field.
Details, Page 2A
Year 157 – No. 114, 20 Pages, 2 Sections
APRIL 23, 2012
Bowling Green, Kentucky
By STEPHEN OHLEMACHER
The Associated Press
WASHINGTON — An aging population and
an economy that has been slow to rebound are
straining the long-term finances of Social Security and Medicare, the government’s two largest
Those problems are getting new attention
today as the trustees who oversee the massive
programs release their
annual financial reports.
Medicare is in worse
shape than Social Security know how
because of rising health to make it
care costs. But both programs are on a path to clear to the
become insolvent in the
coming decades, unless public, but in
Congress acts, according to my mind the
Last year, the trustees sirens are
projected the Medicare hospital insurance fund for going off.”
seniors would run out of
money in 2024. Social
Security’s retirement fund
was projected to run dry in
2038, while the disability
fund was projected to be drained by 2018.
New projections in March gave a more dire
assessment of the disability program, which has
seen a spike in applications as more disabled
workers lose jobs and apply for benefits.
The nonpartisan Congressional Budget Office
said the disability fund would run out of money
in 2016. Social Security’s trustees are again urging Congress to shore up the disability system by
reallocating money from the retirement program,
just as lawmakers did in 1994.
If the Social Security and Medicare funds ever
become exhausted, both programs would collect
only enough money in payroll taxes to pay partial benefits, the trustees said.
“I don’t know how to make it clear to the public, but in my mind the sirens are going off,” said
Mary Johnson, policy analyst for the Senior Citizens League. “I wouldn’t say we’re under
attack, but we are in a very, very serious position.”
Don’t expect the finances to look much better,
if at all, in the new report. Tax revenues have
started to rebound but they are still below prerecession levels. Also, this year’s cost-of-living
adjustment, or COLA, was much higher than the
trustees projected it would be.
Last spring, the trustees projected that Social
Security recipients would get a benefit increase
of 0.7 percent for this year, but higher-thanexpected inflation pushed it to 3.6 percent. That
was good news for seniors. but it drained more
resources from the system.
The trustees who oversee the programs are
Treasury Secretary Timothy Geithner, Labor
Estate sales hold
details of a lifetime
Above: Larry Parker of Parker Estate Services of Hendersonville,
Tenn., walks Friday past dozens of paintings and other art at a home
on Grider Pond Road. Above middle: Paige Corradetti (left) and her
father, Thomas Cooke, go through dozens of boxes at Cooke’s Bowling Green home on Grider Pond Road. Top: Coins and paper money,
including this Confederate bill, will be sold at an estate sale this summer. Jenny Cooke amassed a house full of clothes, jewelry, accessories, china and more, much of which has never been used.
Larry Parker fingers a diamond ring worth $17,000, one of several
gold and diamond pieces lying on a table. On a shelf, thousands of
matchboxes are categorized in about 22 large folders. An old globe sits
on another shelf, and the first word processor appears untouched nearby.
And that’s just a small section of this house on Grider Pond Road.
When Parker, an estate specialist, was asked to run the estate sale, he
didn’t expect this. Most items in the over-packed home belonged to
Jenny Cooke, an extravagant woman who relatives describe as an
“This is not run of the mill,” Parker said last week. In terms of interesting estates, “I think it’s going to be right at the top with some of the
It’s a high ranking from a man who has handled more than 2,200
estates over 38 years, most of them in California and some with amazing
See JENNY COOKE, 6A
Story by JENNA MINK • Photos by MIRANDA PEDERSON • the Daily News
Logan hearing is Tuesday
County leader seeks public input on permit for paid pole dancers
By ROBYN L. MINOR
The Daily News
Logan County Judge-Executive Logan
Chick expects to make his decision this
week on whether to issue an entertainment permit to an Adairville business to
allow it to have paid pole dancers.
Chick will conduct a public hearing
from 3:30 p.m. to 5:30 p.m. Tuesday at
the Red River Fish and Game Club, 265
James Lake Road, on the issue.
The hearing comes after Sheila Haley
applied for a permit last month to have
paid pole dancers at her Tenn-Tucky State
Line Tavern. Haley splits the property
See OPPOSITION, 6A
Maximum time served
Jim Martens recalls years of service on city’s audit committee
By KATIE BRANDENBURG
The Daily News
Five years and three terms later, Martens was
the last member of the original audit committee
to serve. Last Monday was his final meeting. He
When Jim Martens became a part of the Bowl- has served the maximum number of terms
ing Green Audit Committee in 2007, he asked for allowed by ordinance.
a one-year term instead of a two-year term, thinkMartens said it has been an honor for him to
ing he would spend a year on the committee and
then step down.
See COMMITTEE, 6A
33¢ Daily Home Delivery
See MEDICARE, 6A
Call to serve
It’s no surprise that the
NRA is defending
Florida’s gun laws.
Man is one step closer to
his dream after ordination
Pick 3: 2-1-6
Pick 4: 7-0-2-1
Bowling Green Metalforming, a Division of Cosma Canada/USA
(a Magna International Company) has several positions available.
Check out our Ad in the Classified Section today for more information.
Bowling Green Metalforming is an Equal Opportunity Employer
‘Gained more than I
gave’ as member of
city audit committee
Classifieds .............. 2B
Comics ............... 8, 9B
Crossword .............. 9B
Deaths .................... 5A
Living .................... 1B
Sports ..................... 3B
Sudoku ................... 7B
TV ........................ 9A