From the category archives:

Silly Government Ideas

Did the Government Save GM?

November 18, 2010

Today, President Obama declared that General Motors Initial Public Offering is proof positive that the bailouts worked. Nothing could be further from the truth. The $50 Billion that the government loaned GM did not save GM. It was the bankruptcy that helped GM. If GM had not gone through the bankruptcy process, the $50 Billion [...]

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Kool Aid From the Gubment – Say it Ain’t So

October 3, 2010

Saw this article on the Huffington Post, and I couldn’t believe it was published. This guy is brewing a heavy batch of Kool Aid to get us to buy this argument. I posted a response on Huffington Post, but the word limit kept me from making my points. Here I can pontificate at length (though [...]

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Will You Get Social Security?

September 17, 2010

My good friend from the Motley Fool, Robert Brokamp, wrote an interesting post over at Get Rich Slowly, a personal finance blog I highly recommend, about whether we can expect to receive Social Security. Essentially, Robert concluded you would, which I agree. However, he thinks that we may not get our full promised benefit, which [...]

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Government Pensions Strain Budget: What is the Future?

August 13, 2010

A recent article came out in the USA Today yesterday detailing how government workers earn double what the private sector does.From the article: Federal workers have been awarded bigger average pay and benefit increases than private employees for nine years in a row. The compensation gap between federal and private workers has doubled in the [...]

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Inflation of Deflation?

August 8, 2010

I saw this video from the National Inflation Association (hat tip Zero Hedge). This is a continuation of the inflation/deflation debate that is going on today among many economists, bloggers, and Wall Street money thieves. The first video is from the NIA where they make their case for not only inflation, but hyperinflation. NIA attempts [...]

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If This Don’t Burn Your Beans…

July 13, 2010

Here is a video that has made its way around the internet. Just another example of how taxpayers are being screwed over. Also, this shows why the government does not belong in the private markets as they will be taken advantage of by those in the know.

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Another Silly Government Idea

July 8, 2010

The State of Maryland is offering mortgage incentives for folks whose jobs are relocating to Maryland due to the Base Realignment and Closures (BRAC). The theory is to get people who might rent or commute from Northern Virginia to buy in Maryland. Like most government programs, it sounds good in theory, but it makes no [...]

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The Senate Shows Whom They Serve

May 11, 2010

In a disappointing vote, the Senate shot down the Vitters Amendment that would have required an annual audit of the Federal Reserve. Instead the Senate approved Bernie Sanders amendment, which gives Congress a one-time audit. The Fed should have no problem fudging the books to pass that audit. It would be decidedly more difficult to [...]

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Do As I Say, Not As I Do

May 6, 2010

As we have all come to expect from our elected “leaders”, we are now finding out that many of them have been using inside information to place trades in their personal investment accounts. Now, insider trading is illegal for you and me, but it is certainly acceptable for our elected “leaders”. Here is a good [...]

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SNL nails unions and government employees

April 25, 2010

Great skit from SNL last night. What is so scary is this probably isn’t far from the truth. It use to be government workers received lower pay in return for a pension and guaranteed employment. Now, they have phenomenal pay while maintaining their rock solid employment. However, as this crisis unfolds, I think we will [...]

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