From the category archives:

Silly Government Ideas

Fiscal Cliff and Lucky Charms

December 30, 2012

We have finally reached the end of the fiscal cliff drama. Tomorrow is the last day, or so we are told. this fiscal cliff is nothing more than an opportunity for ego driven politicians to get on TV. It is a manufactured crisis that draws the nation’s attention to the politicians, rather than where it [...]

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Cartoon Explains Problem with Healthcare

July 3, 2012

Why does it take a cartoon to provide clarity on an issue where the traditional media outlets and white papers can’t.  This cartoon looks at the problems with healthcare, including the Obamacare program. I have said this before and will continue to hound on this. The problem with our healthcare is two-fold: one, we don’t [...]

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Congress Wants Financial Planning to Become More Expensive and Less Objective

May 30, 2012

Below is a letter created by the National Association of Personal Financial Advisors (NAPFA), the organization of fee-only planners of which I am a member. This is a critical issue for financial planning. To get a quick understanding of the current situation, we have two worlds of financial planning right now. The first world comes [...]

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Scariest Graph I Have Seen in Quite Some Time

May 7, 2012

Last week, the Commerce Department released the initial Gross Domestic Product (GDP) number for the U.S. in the first quarter of 2012. It was up 2.2%, which is lower than expectations, but not too shabby. However, I saw this graph courtesy of Zero Hedge, and it put it in perspective. The government borrowed $2.52 for [...]

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Your Share of the Recent Debt Ceiling Increase

February 1, 2012

The press may have ignored this story, but it will certainly impact you. I am talking about the recent increase in the debt ceiling. As part of the last debt ceiling debacle, the Congress put automatic triggers in place that allows the debt ceiling to increase another $1,200,000,000,000 (that’s what a trillion looks like). What [...]

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Hilarious Parody of the Government Debt

January 5, 2012

No words necessary (hat tip Paul Deitz) Be Sociable, Share! Tweet

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Kyle Bass Uses Common Sense to Show the World is Screwd

December 8, 2011

I am a big fan of Kyle Bass. He is one of the few guys that seems to be able to take a 30,000 foot view of the world’s economy. He then breaks it down into very common sense and 8th grade math. His viewpoint is we are mathematically screwd.   Bass lays out the [...]

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Best Buffett Quote Ever

July 9, 2011

Warren Buffett, the famed investor and head of Berkshire Hathaway, always seems to produce humorous quips in a folksy way that teach a lesson. I saw this courtesy of My Investing Notebook. “I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more [...]

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States Already Exhibiting Short Term Thinking

May 21, 2011

From an article on Yahoo News, many states are already clamoring that the recent budget cuts be rescinded due to an uptick in state tax revenues. As an example, Wisconsin is “projecting” an additional $636 million in revenue for the upcoming fiscal year. So many groups are pressuring the governor to relax the projected cuts, [...]

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Medicare Heading for Insolvency Five Year Earlier than Anticipated

May 16, 2011

Here is a video from Tech Ticker discussing how the Social Security Administration released details last Friday about how Medicare will be financially defunct by 2024. This is a train wreck in the making. We can act now with some nasty castor oil or be forced into worse remedies when the train hits the wall. [...]

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