Supply-side Keynesianism
There is really not much difference between Republicans and Democrats when it comes to economic policies, is there?
“Waiting for Superman” is a new documentary about our public education system that is already stimulating a lot of discussion about how to fix our ailing public schools.
There is really not much difference between Republicans and Democrats when it comes to economic policies, is there?
Would John Maynard Keynes himself even agree with the perpetual deficit-spending that has been going on for the past 40 years in America?
“Go on a 4-year recess!” many people are telling Congress right about now.
Americans love the short, quick solution.
The 14th-century English philosopher William of Ockham (Occam) came up with the “crazy” notion that sometimes the simplest solution to a problem is the best one. That idea became known as “Occam’s Razor.”
We think it is neither. Which we will explain later.
One thing we do know about economics and the effects on the federal budget:
We have had many, many people ask us over the past year what it would take to balance these budgets and get this 'long national nightmare' over and done with.
If Karl Marx was writing today, we think he might amend his famous comment about religion and replace it with the statement above.
"But with respect to future debt; would it not be wise and just for that nation to declare in the constitution they are forming that neither the legislature, nor the nation itself can validly contract more debt, than they may pay within their own age, or within the term of 19 years?" - Thomas Jefferson, September 6, 1789
Here’s what happened the last time there was a Social Security ‘crisis’ in 1983 when incoming payroll tax receipts were just about to go below the amount of expected benefit payments going out:
One of the most mind-jarring images of the current disaster in the Gulf, besides the thousands of dead wildlife in the water so far, has been the sight of lawyers and environmental activists getting out of their monster Escalades or Yukon SUVs in Louisiana to “investigate the damage caused by that awful oil company, BP America.”
What do you think is wrong with the current tax system in America?
Below is one of my favorite signs from the entire health care debate over the past year.
With all the hubbub about the recently passed health care reform (sic?) bill, we thought we would step back and take a look at this thing through the eyes of Professor Alfred E. Neuman, he of irreverent MAD Magazine fame, who is apparently leading the “Don’t Worry, Be Happy!” political party in the 21st century.
You might as well go ahead and click on this great song by The Tams, “I’ve Been Hurt” to listen to as background while you read the rest of this article, and especially shout out the words, ‘Baby you cheated, mistreated, you cheated, cheated on me. And you told me, you told me… You told me a whole lot of lies’....
E.J. Dionne of the Washington Post wrote a pretty interesting, (albeit wrong, in my humble opinion) opinion piece recently where he asked this important rhetorical question:
People who support President Obama and the Democrats should demand they raise the taxes necessary to pay for all this government spending. They want more government: they should propose ways to pay for it.
Are there any odds in Las Vegas on this yet?