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Taxes Going Forward: It Could Have Been Much Worse

Saturday, January 12th, 2013, by

I’ve held off on commenting on the fumbling and stumbling New Years day resolution on taxes, until I could reconcile my conflicting reactions. Like any sensible person, I am appalled at the unwillingness to even address the spending side of the equation.  We are smiling on the way to an eventual apocalypse.  Each year that […]

The Fiscal Cliff…was reached and breached in 1971!

Thursday, December 20th, 2012, by

So much nonsense about the so-called fiscal cliff now just 12 days hence. Of course there will be a deal.  Maybe not before year end, but shortly thereafter.  We seem to have our priorities backward.  We allow our national legislators to serve for time on end, with no term limits.  But we sunset important legislation […]

The Cost of Living Increase: Using the New Math

Saturday, November 17th, 2012, by

Well, it’s official now.  According to our infallible government accountants, we now know that the cost of living increase for 2012 is exactly 1.7%.   Except when it is exactly 5.01%. Let me run that past you one more time.  Last month it was announced that Social Security beneficiaries would see their payment increased by 1.7% […]

Putting the Post Office Out Of Business

Friday, August 31st, 2012, by

You’ve heard the expression, I’m sure.  Just take care of the nickels and pennies and the dollars will take care of themselves. I have a simple test that will tell you if you have arrived at a state of “money consciousness”.  It’s simply this.  When you are out for your morning walk, will you pick […]

This Time Is Different….If Only That Were True

Wednesday, May 23rd, 2012, by

I’m almost finished reading “This Time is Different” by Carmen Reinhart and Kenneth Rogoff, and I strongly suggest you add this to your book queue. It’s not my first tour through the history of financial folly. You should also look into the 1978 classic “Manias, Panics and Crashes” written by the economic historian Charles Kindleberger. […]