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 Archive for the ‘Economy’ CategoryThe Slow Train….and its eventualities (a follow-up)Saturday, June 26th, 2010As a follow up to my last post, Dick Morris (former Clinton administration advisor turned Republican) played the scenario out as a game of political chicken. It is an interesting article: The Next Big Crisis: State Bankruptcies He pegs Judgment Day as 2011. We will see. The Slow Train….and its eventualitiesFriday, June 25th, 2010Today, again, the Intelligencer Journal warned of obvious, implacable, impending, fiscal doom, and we, as a state, seem to simply be content to push back judgment day: School Districts: PA’s Pension Relief No More than a Good Start You can read the details of this problem—the PA State Workers Pension Problem—in my post of December 16th. Basically, the state has made promises to state workers (particularly the teachers unions) that we will fund their retirement in a way that is fiscally impossible (or at least massively destructive for the entire state). Life is The ComedyThursday, May 20th, 2010In a recent column by Paul Krugman in the New York Times, we can see some of the frightening outlines of the future (especially of future—(maybe not long term) fiscal policy). Here is the entire article: (more…) Faux CapitalismMonday, May 17th, 2010George Will’s editorial in the Lancaster Paper today again demonstrates how far we have strayed from our capitalist moorings and how close we are to turning freedom into slavery. http://www.reporternews.com/news/2010/may/12/crony-capitalism/ We have been sold (or our representatives have been sold) the bailouts of the last two years because if we did not do it, we would see a collapse of the world economy and such dire consequences that we would all have to rename the Great Depression the Not-so-grand Depression. So to avoid these DIRE problems, we sold the future. We bought comfort for ourselves by selling our children’s freedom. This has already been done. We must now ask: What have we done? Has it produced the desired effect? Who or what did we protect by selling out our children? (more…) |
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