Why Taxing the Wealthy and Giving to the Poor Makes Sense 5

By Daniel McKay
Why Taxing the Wealthy and Giving to the Poor Makes Sense
I apologize for the irregular posting, I’ve had a lot come up lately. But amidst all the personal drama I figured I would share an insight, a reminder for many of you. We should be taxing the wealthy and giving money to the poor. It is simple economics, in fact I was just explaining it ...

The Government’s Budget and the Economic Tightrope 4

By Daniel McKay
The Government's Budget and the Economic Tightrope
Now that the elections are over, we are sitting less than two months away from what I would consider a catastrophic budget resolution. It is politics, not economics that has dictated the fiscal cliff – and I suspect unfortunately that it will be politics again, not economics that determine what the solution will be. The ...

Want To Learn About Entitlements? Part 2: The Problems 2

By Daniel McKay
Want To Learn About Entitlements? Part 2: The Problems
We recently covered in Part 1 some basic facts about entitlements, or “earned benefits,” that gave a pretty good outline of what they are, how they are funded and our expenditures. This segment will go more into detail about the issues we face in the coming decades surrounding entitlements. “the future is bleak, short-term projections show a fund that ...

Water In The Ears? Austerity With Slow Growth Is LUDICROUS 8

By Daniel McKay
Water In The Ears? Austerity With Slow Growth Is LUDICROUS
People and Politicians really don’t get it, austerity is something you should do when the economy is booming – not when it is weak. Despite overwhelming economic evidence that austerity slows down economies – you hear people, and even more scary, politicians, preach we take a dose of Hoover’s medicine. It’s important to understand that what we’re ...

Does Taxing The Rich Hurt Growth? A Redistributive Lesson 5

By Daniel McKay
Does Taxing The Rich Hurt Growth? A Redistributive Lesson
Redistribution, progressive taxes, class warfare, taxing the rich. All of these you have probably heard recently, and depending on who you talk to you might have heard different things about them. The Democrats, and President Obama wish to raise the tax rate on the top earners – the $250,000 and $1 million marker has been ...

Home Cooking: Mitt Romney’s Waffle Recipe 3

By Daniel McKay
Home Cooking: Mitt Romney's Waffle Recipe
If there is one thing that American’s almost unanimously dislike is a candidate who doesn’t have strong values, someone who bends like a branch on a tree whenever the wind blows. Mitt Romney’s Waffle Recipe: This is a great one for those who just don’t know what they want to eat when they start cooking ...

What Does A Romney Presidency Look Like For The Budget? 1

By Daniel
What Does A Romney Presidency Look Like For The Budget?
We’ve already covered Obama, now it’s Romney’s turn. What would unravel in the budget war should Romney be elected? If Romney wins, political powers will clash and a decision will be delayed until Romney can take office – expect entitlement cuts. Fiscal Armageddon, as you’ve heard it – “The Fiscal Cliff” is set to swing ...

If Obama Is Re-elected Will We Face Fiscal ARMAGEDDON? 4

By Daniel
If Obama Is Re-elected Will We Face Fiscal ARMAGEDDON?
Do We Face Fiscal Armageddon if Obama is Re-elected? In short, no. The Republicans have already said that they will have to compromise with the Democrats should Obama win. January 1, 2013: The Day of Reckoning. This is the date where automatic across the board cuts are set to take effect, slashing entitlement programs and ...