The ‘Yuge’ Republican Lie About the Deficit

My Comments: Yes, I’m a registered Democrat and have been since 1963. And, yes, I’m not happy about the growing Federal deficit. Two observations: (1) I’m OK with a deficit if there is bipartisan effort to see it as a potential problem and an effort is made to keep it a reasonable percentage of the …

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Republicans Hate Deficits. Or at Least That’s What They Claim

My Comments: First my apologies for those of you who have little understanding of economics. You are clearly not alone as this article suggests. I’m reasonably well versed, having studied it since I was a college sophmore some 50 plus years ago. I consider Paul Krugman among the foremost authorities on global economics and his …

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Housing Bubble #2 Is Bursting… How Low Will It Go?

My Comments: A critical element when it comes to planning for retirement is ‘where do you want to live?’ with the emphasis on ‘WHERE…’. And it’s not only ‘where on the planet’ but ‘what kind structure’, ie a house, an apartment, an RV, or something in between. And after that, do you own or rent? …

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The TPP is up and running without us, and we’re losing out on its opportunities

My Comments: While I had some reservations about the Trans Pacific Partnership (TPP), I agreed with it in principal and was encouraged when the Obama administration signed on last December. Then along came the ultimate deal maker and we withdrew from the agreement. In my opinion, more than anything imaginable, that withdrawal effectively ceded global …

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GE Has Yet Another Problem: Pensions

My Comments: Did you read the news bulletin last week that GE was terminating 4,000 salaried employees this week? There’s a reason for that and it’s described here. This problem is not just about GE, but about thousands of corporations and government entities that exist in the US. A pension plan like the one at …

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You’ll Never Get ‘There’ When It Comes To Your Finances

My Comments: It really helps to sometimes see life from 50,000 feet. This article does that for me. We get caught up in the crisis of the moment, which happens all the time. And depending on our age, we focus on what we need to do today. My focus is helping people create a worry …

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The Coming Bankruptcy of the American Empire

My Comments: readers of my posts know that I’m a progressive, whatever that actually means. As an economist, I choose to call myself a social capitalist, in that I strongly believe unfettered capitalism is as dangerous and corruptive as communism. This is written before trump appears on national television to tell us why his wall …

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