Tag: money
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Don’t Rely on the Altruism of Baby Boomers
David Brooks must have thought yesterday was April Fools Day – that or he thinks he’s getting old so he decided to pen a column painting a rosy picture for seniors by coming to a senile conclusion. In The Geezers’ Crusade he comes to this wildly impossible conclusion: It now seems clear that the only…
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Abolish Earmarks
photo credit: Skrewtape For some time I have been internally conflicted on the issue of congressional earmarking. Many people, including such diverse characters as President Obama and Congressman Chaffetz, have been vocal about calling for an end to earmarks. Others such as my own Congressman, Rob Bishop, reply that earmarks are not an addition to…
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Marionette Bob Bennett
photo credit: © Giorgio While candidate Mike Lee acted like a senator on the issue of confirming Ben Bernanke for another term as chairman of the Federal Reserve Board, Bob Bennett acted like a marionette under the control of the mystical wizard of Washington D.C. With a short press release and a predictable vote, our…
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Defined Benefit Pensions: A Failed Experiment
photo credit: inspecie.co.uk After the town hall meeting I attended on Wednesday I have been thinking about pension plans generally. The state of Utah is looking at changing their pension offerings for new employees to save the state from future financial ruin. I have seen other companies go through that process already. As a nation…
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Fiscal Discipline for the American Dream
Congressman Jason Chaffetz (UT-03) has proposed a Congressional Action Plan (CAP) called the Contract for the American Dream which he is inviting members of Congress and candidates for Congress to sign. While I agree with his CAP generally I thought I would take the time to break out the four sections of the plan and…
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A Real Christmas Gift
President Obama, Harry Reid, Nancy Pelosi, and other congressional leaders among the Democrats hailed the passage of the Senate health “reform” bill as a Christmas gift to the American people. That’s about the equivalent of trying to convince the chief income earner(s) in a home that the real gift of Christmas for them is the…
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Medical Cultures
[quote]I have called David Goldhill’s How American Health Care Killed My Father a must-read for anyone who wants to speak up in the health care debate. The New Yorker also has a must-read article on the issue called The Cost Conundrum. In that article we are introduced to the town of McAllen, Texas where Medicare…
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A New Federal Role in Economic Recovery
My post on fundamental assumptions generated some good discussion which began waxing economic in flavor. As part of that discussion I had a new idea about a more reasonable approach the federal government could take to soften economic hard times without outright manipulating our expectations of reality as they do now. I should start by…
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Stretching Our TARP
photo credit: wolfheadfilms When the TARP bill was first being discussed I made a statement that I would like to repeat about the TARP money: [T]his should not be used as a windfall by Congress to fund some pet projects. We have come to the point now where Congress is faced with the question of…
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Hit Them Where it Hurts
[quote]As Congress finds new and ever more inventive ways to spend money (both real money and imaginary money) more and more voters are waking up to find themselves becoming fiscal conservatives. First off, I must say that there are not nearly enough of us among the voters and secondly I feel compelled to add that…