Focusing on the government shutdown is like rearranging the deck chairs on the Titanic while drawing closer to the iceberg. The iceberg in this case is the massive government debt…
Sequestration: The Crisis Du Jour
It’s crisis time again in Washington, D.C. Having just barely avoided a swan dive off the fiscal cliff, the leaders of our country are now locked in battle over the…
Fiscal Cliff Turns Into Fiscal Bluff
“What’s a five letter word for ‘cliff’?“ an editorial page cartoon asked. The answer: “Bluff.” To bluff is to mislead and that’s an appropriate summary of the fiscal cliff agreement,…
From Goldfinger to Groundhog Day
Tick. Tick. Tick. It’s like that scene in “Goldfinger,” where the seconds are ticking down and James Bond is trying to defuse the bomb. He succeeds, of course, just in…
So This Is Compromise?
“We are both heading for the cliff. Who jumps first is the Chicken.” …
Looking Over the Fiscal Cliff
You’ve heard plenty about the fiscal cliff. But little attention has been paid to what’s beyond it. What’s beyond it is another higher, steeper cliff. The federal debt now exceeds…
This Is Progress?
Economic growth for the second quarter of 2012 officially has been revised down to 1.25%, which is below the lowest previous estimate. In an effort to stimulate the economy, the…
Dancing With A Cow
While Europe’s sovereign debt crisis has beaten down the U.S. stock market, it has helped the bond market. Because the European bond market is in such poor shape, U.S. bonds…
Is America Going Greek?
The federal deficit of $1.327 trillion for 2012 marks the fourth straight year in which the deficit has exceeded $1.29 trillion. The U.S. Debt Clock is now above $15.3 trillion,…