A year ago, I made some predictions for what would happen in 2009. How’d I do? 1. The United States Federal deficit for calendar year 2009 will exceed $1.5 trillion. Check. 2. A human being will be cloned. Not Yet… Continue Reading
Our elected officials have been arguing over the details of healthcare reform for a long, long time now. It remains unclear to me whether Congress will be able to pass a reconciled bill before its recess — and when it… Continue Reading
I wrongly predicted that most of the money spent by both the Bush and Obama Administrations bailing out the big banks would not be paid back. This appears to have not turned out as I had predicted. Of the many things… Continue Reading
Representative David Obey has proposed a “war tax” in the Share Our Sacrifice Act. This is, I presume, a progressive’s idea of fiscal responsibility. Most families would pay an additional 1% of their net income as a surtax to their… Continue Reading
If Congress had been left unattended, it’s entirely possible that the health care reform bill would have wound up paying money to religious organizations for prayers. Specifically to Christian Science churches, although they were not mentioned by name — the… Continue Reading
First, it was Fox News. But now, it’s Edmunds.com. Edmunds dared to suggest that “Cash for Clunkers” was a gigantic waste — for every vehicle sold under the program, taxpayers paid $24,000 (more than the retail value of a lot… Continue Reading
Here’s the lead paragraph from the Associated Press: President Barack Obama on Tuesday embraced a House bill that would give the government unprecedented power to seize bank holding companies and other large financial firms teetering on the brink of collapse… Continue Reading
Our government is drowning in debt and that means we have to tighten our belts. Very few people are talking about how or where to cut Federal spending, though. And in any discussion of the appropriate size and role of… Continue Reading
The political issue of the strength of our currency is coming down the pike. I’ve been a lone wolf on this issue for a while and finally — finally — some news organizations are starting to notice that our prolonged… Continue Reading
Aren’t you glad we did the “second stimulus” after President Obama took office? Here’s a handy chart to remind you what President Obama said would happen if we didn’t pass the stimulus, and comparing it to what has actually happened. Gee,… Continue Reading