Investment performance made most investors a bit grumpy by the end of 2015, given that virtually every asset closed the year down a bit. During 2016, grumpiness is giving way…
Why Worry About Climate Change When You’re $18 Trillion in Debt?
Which crisis scares you more – climate change or our growing debt? Climate change certainly receives a lot more attention in the media and a lot more attention from politicians,…
Only a Half Trillion Dollars
It’s a sign of how much trouble we’re in when a budget deficit of a half trillion dollars seems like fiscal restraint. It is progress, given that annual budget deficits…
Goodbye, Middle Class
With all of the talk in Washington about equality, you have to wonder how the gap between rich and poor has widened to the point where even The New York…
No, We Can’t
Someone had blunder’d: Theirs not to make reply, Theirs not to reason why, Theirs but to do and die. …
Spending Our Way to Prosperity
Focusing on the government shutdown is like rearranging the deck chairs on the Titanic while drawing closer to the iceberg. The iceberg in this case is the massive government debt…
U.S. Without a Budget for Four Years and Counting
As of April 29, the U.S. government will have operated without a budget for four years. Based on the budget he proposed this week, President Obama intends to keep the…
Sequestration: The Crisis Du Jour
It’s crisis time again in Washington, D.C. Having just barely avoided a swan dive off the fiscal cliff, the leaders of our country are now locked in battle over the…
Fiscal Cliff Turns Into Fiscal Bluff
“What’s a five letter word for ‘cliff’?“ an editorial page cartoon asked. The answer: “Bluff.” To bluff is to mislead and that’s an appropriate summary of the fiscal cliff agreement,…