From the category archives:

Silly Government Ideas

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)

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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From an article on Yahoo News, many states are already clamoring that the recent budget cuts be rescinded due to an uptick in state tax revenues.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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Madoff vs. Social Security

February 15, 2011

Here is a chart from Richard Russell of Dow Theory Letters (h/t Investment Postcards). No real commentary needed.

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The Real Lessons of Egypt for America

February 12, 2011

As the celebrations continue in Egypt after President/dictator Hosni Mubarak fled the nation, we need to examine the real lessons behind the revolution. The mainstream media portrays this strictly as fight for freedom. The press isn’t reporting on the real reason for the uprising: economics. Egypt has been under Mubarak’s rule since he claimed power [...]

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Government Pensions Finally Seeing Sunlight

December 24, 2010

There has been considerable buzz on the web and the blogosphere about last week’s segment on 60 Minutes detailing the potential issues with municipal bonds. It all comes down to enormous budget deficits of the states. According to the segment, Illinois is already borrowing 50% of its annual expenditures – clearly unsustainable. One important area [...]

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Unintended Consequences

December 20, 2010

A good video from the National Inflation Association on the unintended consequences of government action (hat tip Daily Capitalist). If you read any of my posts on Cash for Clunkers, you will see I did not like the idea for many of the reasons cited in this video.

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