99% of people’s eyes glaze over when you bring up regulation of the banks and trading. It doesn’t seem important. It’s not glamorous. But the way they are regulated sets the wheels in motion for favoritism in the marketplace.
Now that the debt ceiling charade is over (for now) and the politicians have smugly retreated to their lavish homes and offices, the average American is faced with the stark reality. How are we going to get back to work to rebuild the wealth that was lost over the past few years?
We need a new way of keeping score when it comes to government spending.
Like Douglas Adams' description of space, the economic issues in this country have become quite big. In fact, most people are, in a very real way, unable to comprehend how "vastly, hugely, mind-bogglingly big" our problems have become.
Are you a Republican? If so, I’d like to congratulate you on your 8 point lead in the polls over President Obama in the 2012 race. Man, November 2012 can’t come fast enough...
How many people do you know who pay three health insurance premiums to three plans? The only ones I know have gray hair. They pay one premium to Medicare itself, another for Medigap insurance (to plug many of the holes in Medicare), and a third for drug coverage (Part D).
One of the many consequences of boomer demographics is the longer the US opus of reform of Medicare, and Social Security, the more difficult it will become because of voting demographics.
All the talk here is about the slowing economy, the threat of a continuing recession, the government's growing debts, and the looming insolvency of Social Security and Medicare.
Four years ago the Fair Tax movement helped power Mike Huckabee to a win in the Iowa caucuses. The former Arkansas governor embraced the scheme and all of its absurd assumptions –the Constitution could be amended to repeal the 17thAmendment, senior citizens wouldn’t mind having many of their assets devalued overnight etc—and reaped the political benefits.
So what does ObamaCare mean for senior citizens who rely on Medicare? No one knows for sure. But it almost certainly means they will get less health care.
Give former Governor Tim Pawlenty credit for having picked a campaign theme that rises to the level of our nation’s challenges: A Time for Truth.
Judging by the number of words it took the Fed chairman to get his message across in his first live press conference after a Fed meeting, it's no wonder some are a little confused.
Reports coming in from congressional town hall meetings during the Easter recess say that Republican lawmakers were peppered with angry questions about cutting Medicare.
Since Friday for me- at least this week- is the new Saturday, here’s a bonus edition of Email, Hate Mail and Comments from Readers. And thanks for doing the hard work of freedom.
John Adams warned, "A Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever." I am all too afraid that's where our nation stands today and the blame lies with the American people.
Honorable Mentions: Al Franken, Al Gore, Al Sharpton, Anthony Weiner, Arianna Huffington, Bill Clinton, Bob Beckel, Debbie Wasserman Schultz, Dylan Ratigan, Eric Holder, Ezra Klein, Geraldo, Hillary Clinton, James Cameron, James Clyburn, John Edwards, Jesse Jackson, Jimmy Carter, John Conyers, John Kerry, John Lewis, Kathy Griffin, Lawrence O'Donnell, Markos Moulitsas Zúñiga, Matthew Ygliesias, Maxine Waters, Michael Moore, Mike Malloy, Rachel Maddow, Roger Ebert, Roseanne Barr
It's hard to instill confidence in the U.S. economy when Washington keeps finding new and creative ways to spend money it doesn't have.