Tag: fiscal restraint
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Budget Hero Revisited
A post from last year that came up in my daily archive caught my attention with its title, A Budgetary Hat-Trick, I had a look to remind myself and rediscovered Budget Hero. When I played last year the budget was projected to go bust in 2033 barring any changes and I managed to balance the…
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Future Amendment – Fiscal Discipline
I believe I have been very clear about what I think of the 16th Amendment. For anyone who wasn’t sure – I think it should go the way of the 18th Amendment and be repealed. Not long ago I found a group that feels the same way and is pushing for the 28th amendment to…
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An Unbiased Perspective
Admittedly I am a person who does not believe that anyone is unbiased – and I’m fine with that. The closest a person comes to unbiased is when they can state a position which contradicts their biases or while acknowledging how that position does not support their biases. When President Obama said that $100 Million…
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Half Truths
Regardless of what political agenda is being pushed I hate to see people speak or perpetuate half truths. I try very hard not to do that myself. Today I would like to tell the story of two half truths. The second half truth is the declaration by President Obama that he intends to cut the…
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A Budgetary Hat-Trick
Jason shared a link to Budget Hero and I had to go take a look. If the game is to be believed, all is not yet lost in the quest to get a balanced budget without abandoning all vestiges of the social safety net that we have been spinning for the last 80 years. I…
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Amateur vs Professional
The financial amateurs in Congress have given us the 110 page text of their bailout plan which they will probably vote on today. It’s pretty much like the 102 page draft I wrote about on Saturday. They added the option to insure troubled assets in addition to the option to buy such assets. They also…
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Economics 101 (Bush Edition)
Wasn’t it so nice for our president to give the country a lesson in economics. He worked hard to reinforce the image of Washington knows best. Unfortunately his lesson left out a few details that are less than flattering for Washington. Let’s review the text of his speech. I’ll skip all the real fluff and…
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We Must Do Better
There has been no shortage of opposition to the hastily proposed $700 Billion Gift Card (Chris Suellentrop provides a nice rundown) – unfortunately little of the real opposition comes from members of Congress. Our own Senator Bennett has flipped from being wary to being supportive because, as every elected official knows, foolish action is better…
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A Managed Economy
I try not to focus on political or economic issues on Sunday, but I had a hard time when I noticed the figure "$700 Billion" yesterday. I was particularly worried by this statement: . . . it would allow Treasury to act unilaterally: Its decisions could not be reviewed by any court or administrative body…
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And Now For Some Good News . . .
I’m sure there are many who would not see this as good news, but when I read about contracting credit in the lives of everyday people I was thrilled. Because I expect that many people would not share my positive outlook at this news, let me share why I think this is a good thing…