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U.S. Credit Rating Is Downgraded – What Does It Mean

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The United States has been downgraded, which means there are questions as to whether or not we can pay our debt, at least in the long term. This could lower our credit rating and...

The USPS – A Perfect Example of Bureaucracy

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There can be economy only where there is efficiency. ~ Benjamin Disraeli  (1804-1881) British politician and author Update: August 5, 2011: The USPS lost $3.5 Billion in three months and faces default. Daily Finance reports that all...

Legislators Give Taxpayer Money Away While Vacant Homes on LI Increase

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  While LI legislators are giving away taxpayer money  to some residents, in the name of social justice, the number of vacant homes and apartments on Long Island have nearly doubled. Click here to see what I...

Unemployment Down, Jobs Picture Bleak

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  An insignificant change in July job numbers from 9.2% unemployed to 9.1% is partly due to people giving up, but what we will hear in the news is "good news, the job picture is...

All Is Well On the USS Economy

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If only Obama were King, it would be so much easier. The big, tough democracy gets in his way. That Congress needs to be bypassed also. In yet another narcissistic moment, President Obama pumped up...

The FAA Dispute Is About Forced Unionization

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Update: Reuters: Congress has come up with a tentative agreement which does not address any of the underlying problems resolved. It's a stop gap measure that allows the FAA to tap available funds from...

Obamacare Will Put Caring Doctors In Jail

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  Deep within the Stimulus was $1.1 billion to set up the framework for Obamacare using the Coordinating Council on Comparative Effectiveness Research. It will use a complete lives system such as the one promoted...

Economic Chaos Under Obama – O’Reilly’s Take

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The madness stops now, says Bill O'Reilly, as he blasts Obama for poor leadership during the O'Reilly talking points on August 3rd. To paraphrase, O'Reilly states - the President sets forth a finance commission...

Upcoming Taxation We Are Ignoring

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When it's a single thief, it's robbery, when it's a thousand thieves, it's taxation. ~ Vanya Cohen Janet Novack, finance columnist for Forbes, gives a good summary of the taxes that are coming. Despite what...

The Government’s Decadent Borrowing – $239 Billion In One Day

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America is a land of taxation that was founded to avoid taxation.  ~Laurence J. Peter The government borrowed $239 billion Tuesday. Congress had granted the government $400 billion this week and they already spent 60%...