By now you have figured out that Armageddon did not occur on Friday and the dire warnings from the White House that the nation would essentially collapse were, shall we say, somewhat overstated. That doesn’t mean however that the nation and American prosperity is in any less danger. Barackalypse Now is indeed upon us, and it has nothing to do with the Sequester. It has | Read More »
In business there is something called “sunk costs” which refers to funds that have been spent and are unrecoverable. At any given point sunk costs are irrelevant to the decisions going forward. An example of this would be a company that has spent a billion dollars building a plant and now has to choose whether or not to spend another billion dollars hiring staff and | Read More »
Have you ever seen one of those movies where a car is speeding towards a cliff and just before it heads over the edge the driver jumps out and the car flies into the abyss and maybe crashes and ignites into a ball of flame? If you haven’t don’t worry, you’re about to live one… and unfortunately for you, you’re not the driver who escapes, | Read More »
Back in 2000 or 2001 I read a piece in Newsweek or TIME that discussed flyers whining that they didn’t have enough storage space in the overhead compartment bins on airplanes. I remember writing a letter to the editor saying that the only reason that people had the luxury of being able to whine about such things was that flying had become so safe that | Read More »
Herman Cain’s 9-9-9 tax plan is imperfect, but it’s by far the best plan on the table. As such, criticism of 9-9-9 comes from all quarters. The left is unhappy that its egalitarian nature is the opposite of the progressive tax structure we’ve had for a century. I suspect however that it is not simple tax policy that drives their antipathy, it’s revenge. You don’t | Read More »
It’s still a year out from the election, but Rasmussen’s most recent poll makes one start to wonder. It shows President Obama at 46% of the vote against GOP frontrunner Rick Perry’s 39%. That was a flip from the previous week’s Obama 41% vs. Perry’s 44%. The Perry part of that poll is not really of consequence. President Obama tends to perform about the same | Read More »
From the diaries, by Erick I want to make my priorities clear from the start. One: middle class families need permanent tax relief. And two: I believe we can’t afford to borrow and spend another $700 billion on permanent tax cuts for millionaires and billionaires. That is a line from President Obama’s weekly radio address last week. He’s referring to the coming tax hikes as | Read More »
One of the great things about the United States Constitution that few people realize and even fewer understand is the idea of federalism. On the most basic level federalism is the notion that there are distinct spheres of influence and responsibility between the federal and state governments. James Madison thought that that notion of federalism was crystal clear in the original document itself that he | Read More »
There is an old adage that goes something like this: It’s better to keep your mouth shut and let people think you’re stupid than to open your mouth and prove them right. Thankfully for America not all Democrats are paying that adage much heed, and just in time for the election. Last week Linda McMahon, the GOP candidate for US Senate from Connecticut did the | Read More »
Shame and public humiliation used to be very effective forms of social conditioning. In Middle Age Europe an offender would often be placed in a pillory or stock and be subject to public humiliation and ridicule for their offense. The idea was that after being subjected to such humiliation the offender would mend their ways in order to avoid a repeat performance. Such discipline was | Read More »
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