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,…
Land of the Setting Sun
Let’s pretend that the United States economy is a football team. The coach calls the play. The running back runs right up the middle and is thrown for a loss. …
Too Much Interest in Interest Rates
There has been much market panic of late over the possibility that the Federal Reserve Board will be raising interest rates sometime in the not-too-distant future. Small cap stocks were…
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…
Embrace the Bailout, Reduce the Federal Debt
Finally, the U.S. Treasury Department has figured out a way to reduce the federal debt – by giving money away. That may not make sense, but keep in mind that…
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…