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Archive for February 6th, 2013

The Delusion of Money »

French president Francois Hollande’s statement saying that the euro should not fluctuate according to the mood of the market; the complaint by Eurogroup president Jean-Claude Juncker about the euro being “dangerously high”; and the Bank of Japan’s recent decision to weaken the yen with “aggressive” quantitative easing confirm what we already knew: The world...
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Gigantic Run-up of Federal Debt for What? »

At the end of fiscal year 2008, the federal debt held by the public was about $5.8 trillion. By the end of fiscal year 2012, it had grown to about $11.3 trillion. Thus, in just four years, it had nearly doubled: the government ran up almost as much debt in four years as it had accumulated...
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How Will Obamacare Affect Medicare Patients? »

If you are on Medicare, you and others like you are probably going to be more affected by the new health reform law than any other population group. Benefits of Reform There are a number of new benefits, including the following: Medicare will pay for an annual checkup. Deductibles and co-payments for many preventive...
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Repeal the 17th Amendment »

The 17th Amendment is in its centennial year, having been ratified in 1913. The Amendment mandates the direct election of senators. Prior to its passage, Article I, Section 3 of the Constitution specified, “The Senate of the United States shall be composed of two senators from each state chosen by the Legislature thereof...” The...
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Drone Strikes on Americans »

If you have a few minutes, take a look at a government white paper obtained by NBC news on the lawfulness of lethal attacks on U.S. citizens with attachments to terrorists. NBC has this summary of the test for ordering a killing: the confidential memo lays out a three-part test that would make targeted...
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