Posted in Economics

“middle income” vs. “the middle class”

void57 Romney says “middle income,” $200K-250K. Obama says “the middle class,” $19K to $91K. They aren’t even speaking the same language! [Source]  Related Taxpayers foot the bill for the uninsured void57 #thisweek Doctors and hospitals shouldn’t get a tax writeoff… Twitter: As for physics… void57 As for physics, what does reality look like when… Democratic […]

Reagan proved deficits don’t matter

Aug 11 1984 Not realizing that his weekly radio address is already on the air, President Ronald Reagan quips into his live microphone: “My fellow Americans, I’m pleased to tell you today that I’ve signed legislation that will outlaw Russia forever. We begin bombing in five minutes.” And the world shit its collective pants… We […]

Bungee Jumping

No, not really, but looking at my Fidelity account recently has felt like it, and not in a good way. I should have spent my money on gambling and drugs.  Related A Frugal Life I am thankful that I live a relatively simple, frugal… Informed Consent “The patient is an ignorant person who does not […]

Mental Health Parity in the Bailout Boondoggle H. R. 1424

Here is the full text, and I suggest that everybody read this bill. It was pushed through with only a couple of days debate by lawyers who have little understanding of the workings of Wall Street or The Fed, and who have huge financial interest in the institutions that will benefit from it. To add insult to injury, they tacked a lot of pork barrel spending onto it to BRIBE Congress to agree to it.

A Frugal Life

I am thankful that I live a relatively simple, frugal life. This post is a little late, I’m just coming off a mental health vacation where I disconnected from a lot of my life. Fortunately much of my life goes on without my actual presence. As a perpetual pessimist with a long memory, I can’t […]

GM Bailout

I have an answer for the auto industry. The bailout should take the form of vouchers to individual citizens that can only be used to purchase a car. If you give 100,000,000 citizens $25,000 each, there’s your bailout. Plus the auto workers keep getting paid.  Related Foreign Investors A friend recently consulted me about a […]

Toxic Capitalism

Interdependence is the key word. Enlightened interdependence. Life in all its rich variety, “take a little, leave a little”… However: by the inexorable logistics of the vampiric process THEY ALWAYS TAKE MORE THAN THEY NEED. — William S. Burroughs “Words of Advice for Young People” From Hallucination Engine by Material. This spoken-word piece by William […]

Foreign Investors

A friend recently consulted me about a rumor he heard. He wanted to know whether the Muslims are investing money in the US in order to take over. This is my reply: The simple answer is “No, and if they did it was an amazingly stupid investment.” But I don’t do simple. :-) I’ll start […]

Paying Down Our Debt

The total national debt as of this morning, Nov. 17th, 2008 is $10,617,806,584,635.27. The population of the US as of 22:40 GMT (EST+5) Nov 17, 2008 is 305,679,024. THEREFORE each and every US citizen owes $34,735.15. Cough it up, people. Make your check payable to the Bureau of the Public Debt, and in the memo […]

McCain’s YouTube Nightmare

McCain’s YouTube Nightmare is that the voters – who have very short memories – will notice that he changes his story from interview to interview. Changing your story because you’ve seen your mistake and are correcting it is one thing. Changing your story to boost your self-image or to get votes is another thing altogether […]

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