I was strongly against the 2008 stimulus package that President George W. Bush pushed for and Congress agreed to, which I dubbed the “Incumbent Protection Act of 2008.” I was also aghast at the monstrosity of a stimulus that the Obama administration rushed through Congress in 2009. I proposed back in 2007, during the early […]
FEBRUARY 2014 “So it begins” King Théoden (At the battle of Helms deep from J.R.R. Tolkien’s Lord of the Rings) In 2008 we uncovered a plot that was being hatched that would forever change our country. This plan was rooted in the base desire of individuals on the left to control as much as they […]
I want to discuss a company. This is a company that each and every American owns in our portfolio. Can you guess what that company is? If you guessed, General Motors, you are correct! If you have either been living on another planet or just awoke from a Rip Van Winkle type of nap, in […]
“Mama said, stupid is as stupid does.” Forrest Gump I am sick and tired of all these useless studies. These adventures in academia are usually funded with taxpayer funds, done by some sensitive pony-tail professor using his undergrads to do all the work. For example: Drinking Alcohol Makes Young Adults Act Stupid, courtesy of Washington […]
“We’re not going to save our way out of recession. We’ve got to spend our way out of this recession, and I think most economists know that.” Rep. James Clyburn D-SC (third-ranking house leader) President Obama recently signed the borrowing authority that grants the government to borrow an additional $1.9 trillion raising the debt ceiling […]
I took a serious amount of flack for supporting the TARP program when it was put together back in the fall of 2008. I saw what was happening in the credit markets and knew that catastrophe was not out of the question and much closer than people realized. Despite my support, I did have some […]
There is no reason. There is no logic. How can we even be contemplating a government takeover of 1/6th of our nation’s economy when every other program they run (Social Security, Medicare, Medicaid) is going bankrupt to the tune of trillions of dollars? I have repeatedly warned anyone under the age of 50 to plan […]
“It makes U.S. jobs more expensive. We’re better off taking lots of people and moving them out of the U.S.” Steve Ballmer CEO Microsoft The current administration wants to end deferral of multinational taxation. Currently the U.S. has the second highest corporate tax rate in the world, next to Japan, among industrialized nations. This creates […]
The IRS could help taxpayers reduce errors by clarifying instructions and improving the layout of Form 1040, stated a Treasury Department report released in June. The report found that more than 2.3 million of the 7 million math errors taxpayers make each year in IRS filings could have resulted from unclear or inadequate forms. An […]
The 800 pound gorilla in the room just put on some serious weight. The financial health of Social Security and Medicare has gotten much worse, with Medicare paying out more than it receives. Trustees of the program stated that Social Security will start paying out more in benefits than it collects in taxes 2016, one […]