Economics

US Deficit Panel Recommendations: Cuts, Cuts, Cuts

November 10, 2010

Today, Obama’s fiscal commission released initial proposals to curtail the burgeoning US deficit.  While it’s only a “preliminary report” and there’s no telling what, if anything from it will actually be instituted by the administration and Congress in the coming years, here are some serious game-changing recommendations: What The Deficit Panel Wants to Cut Defense […]

Read the full article →

No, We’re Not All Equal…And That’s a Good Thing

October 27, 2010

I’m with Melinda Gates when she says every life has equal value – at birth.  We are all created equal.  But in our society as adults, we don’t don’t end up as equals from an income and wealth dispersion standpoint as adults – and that’s a good thing.  There was a recent survey [BusinessWeek] in […]

Read the full article →

You Owe $43,500 as an Indebted American. Could You Pay Your Share?

October 3, 2010

With approximately 310 Million Americans and the US National Debt at about 13.5 Trillion, each man, woman and child owes over $43,000.  This number has been rising somewhat steadily for decades and has spiked dramatically during the past several years.  Combinations of wars, tax cuts, lavish spending, bailouts, a Recession, and a complete lack of […]

Read the full article →

Apparently, Americans DO Care About “The Rich” – Half Support Tax Cuts for “Top 2%”

September 18, 2010

One of the common arguments for reverting to the older higher tax rates pre-Bush for families making over $250,000 is that “it’s only the top 2%” of households, so it affects so few people.  As illogical as that argument is and the fact that it is devoid of any consideration of the collateral damage of […]

Read the full article →

Price Gouging Is Good – Here’s Why

September 16, 2010

I was thinking about the economics of price gouging the other day when Hurricane Earl came to town, when in typical fashion, people were behaving as though the Apocalypse were upon us and they were buying anything and everything in site at the grocery stores.  This is pretty common prior to our massive 3″ snowstorms […]

Read the full article →

Next Entries →