The tax extension compromise of 2010 will add 900 billion dollars to the national debt with the goal of accelerating the economic recovery. To agree to the compromise the Republicans held firm to extending the tax cuts to income in excess of $250,000. This action by itself will add $120 billion* to the national debt … More $120 Billion is a lot of pork
There has been criticism of President Obama’s ostensibly restrained emotional response to the the Gulf oil crisis. I find his approach reassuring in the same sense that when a plane has lost its engines I would much prefer a calm, cool and effective pilot at the controls. Give me Sully any day over a pilot … More “Sully” Sullenberger and the BP Oil Crisis
Whether it’s foreign aid, highways or medicare, when the topic of trimming the federal budget comes up everyone has a program they believe should be cut. A poll conducted in April 2010 by The Economist asked 1000 respondents which federal programs should receive less funding. The program receiving the highest number of votes was foreign … More Cognitive dissonance and the federal budget
I was thinking about crude oil being a fungible commodity and I realized that I had a fundamental misunderstanding about debate of “to drill, or not to drill” in the Gulf. Prior to this somewhat embarrassing epiphany, my working hypothesis and basis for my position on the issue was that the oil obtained from drilling … More Does the oil from the Gulf of Mexico belong to America?
Confronting Mediocrity 