In response to:

Government Solutions Never Work

Public Citizen Wrote: Jun 25, 2012 6:27 PM
You touch on the near zero interest rates and the long term effects on the economy. One of those effects that is not perceived by most people is the devastation that these distorted rates of return is having on the income of 501xx corporations. These are everything from local civic betterment clubs [such as Lions and Kiwanis] to national and international level charities and foundations. These organizations are dependent on the income from money held in trusts and endowments for the majority of their operating budgets. With little income from the types of investments they are restricted to this is placing tremendous pressure on their programs. Directors and managing boards are being faced with the hard decision to cut back {continued}
Public Citizen Wrote: Jun 25, 2012 6:31 PM
{continuation} program funding or raid the investments, which will quickly destroy the long term financial base of these organizations.
As the private programs fail more and more people will demand that the government pick up the slack that has been caused by the poor financial decisions of that very government.
This is a financial black hole that needs to be addressed quickly or the long term consequences will be disastrous.

Dodd-Frank was a waste of time. Now there is a lawsuit pending that might even make it unconstitutional. I hope it is ruled unconstitutional, because while the sentiment for Dodd-Frank may have been correct, the way it was written and the way it ultimately will be implemented would have curtailed freedom.

Ironically, this week we ought to hear from the US Supreme Court on the constitutionality of Obamacare. I hope they find that act unconstitutional too.

Wouldn’t it be ironic if the two signature elements of the Obama administration were both ruled unconstitutional? Further irony is that Obama...

Related Tags: Solutions Work