Thursday, November 19, 2015
The Birth of Yellow Journalism
Tuesday, September 4, 2012
Is the Tax Debate just Political Hype?
Thursday, October 27, 2011
Congressional Reform Act of 2011
This concept is sweeping the nation. I think it has merit and is at least worth discussing. It would have to be passed over the objections of Congress. If there was ever momentum to work toward a resolution the problem of Congress, now is the time.
Congressional Reform Act of 2011
1. No Tenure / No Pension. A Congressman collects a salary while in office and receives no pay when they are out of office.
2. Congress (past, present & future) participates in Social Security. All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.
3. Congress can purchase their own retirement plan, just as all Americans do.
4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.
5. Congress loses their current health care system and participates in the same health care system as the American people.
6. Congress must equally abide by all laws they impose on the American people.
7. All contracts with past and present Congressmen are void effective 1/1/12. The American people did not make this contract with Congressmen. Congressmen made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their term's), then go home and back to work.
Monday, October 17, 2011
Let them Eat Cake
DNC Chair Debbie Wasserman Schultz insisted to CNSNews.com October 4th that “anyone’ can see that the economy is improving even though 115,730 people lost their jobs in September (the most in more than two years). Pres. Obama admitted that Americans were not better off today than four years ago.
Fed officials “saw considerable uncertainty surrounding the outlook for a gradual pickup in economic growth,” with the economy showing only a weak bounce after the recession in contrast to past recoveries. Reasons for this weakness remained “unclear” although some blamed business and consumer debt and the distressed housing market.
Interesting isn’t it?
Here is a piece of good news. Bloomberg has gone on record as saying that a string of stronger-than-projected statistics -- capped by the news on Oct. 7 of a 103,000 rise in payrolls last month -- has prompted economists at Goldman Sachs Group Inc. and Macroeconomic Advisers LLC to raise their growth forecasts for third quarter growth to 2.5 percent from about 2 percent. That’s nearly double the second quarter’s 1.3 percent rate and would be the fastest growth in a year. The interesting aspect to this is that Bernanke projected the economy to grow at 3% back in July.
Here's the really good news: Restaurant industry sales in 2011 are expected to reach a record $604 billion and sales are projected to improve 3.6% over 2010 sales. Every dollar spent in restaurants generates $2.05 in the overall economy and restaurant employees comprise nearly 10% of the entire U.S. workforce. One of the barometers of economic improvement: When we start feeling flush enough to order the wine and the dessert again.
Fundamentally, I trust the fact that we are all starting to buy dessert as the most pragmatic indication that things might actually be getting better. We know that the government is not going to help in the short term. If we are going to see this thing turn around it is going to be one dessert at a time. There isn’t going to be a bailout of the pie factory or a fork ready stimulus plan at the diners. It’s going to be businesses feeling better about the economy and willing to talk about it over dessert.
