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Wait. Wasn't it the housing bubble and mortgage debt that prompted the worst recession since the great depression. And now some economists are advocating that just beginning to maybe start living within one's means is bad for the tepid U. S. economy. These Keynesian economists should go back to basic economics classes ...more
Aside from an annual, modest Cost of Living Adjustment (which is actually below inflation) - I don't recall any major new initiative or increase in social security of medicare. If anything, these entitlements have been historically cut. Regan began taxing social security benefits in 1983, the retirement age was raised ...more
I recall walking with my Mom (way back in the 60's) where she drew a wolf whistle from a construction site. As I recall, it drew a smile and made her day. Don't worry gals, many of us guys don't even bother to look these days.
85% in the middle class? Believe it. That puts most of the other 15% in the upper class. This is trending toward what one would expect in a socialist society (read George Orwell's Animal Farm again).
Trending is little more than Timing, with a favorable spin. However, I consider that while stock prices used to have a bigger tie to company value and performance, today's market is more akin to a casino. If one could predict where the lemmings are going to herd, one could take advantage of today's high market speculat...more
The article mentions, but doesn't really emphasize the social security significance. Congress can no longer rob Peter to pay Paul. And that's why social security reform is a hot topic in 2013.
Competition seems to have become synonymous with bullying. I was one of the smaller people in dodge ball at school. So I worked hard and got better. But by that time, the popular kids were already decided (good didn't matter as much). So what. I still became a better adjusted person with both lessons in hand. And as th...more
While on my week's vacation last year in Florida, I saw an angry middle age body builder in Walmart complaining that his protein supplement wasn't covered by SNAP. He was able to find a brand (the highest priced by the way) that did scan as a food item. He was then off to the beach to surf, tan and spend the evening at...more