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What Are Debt And Entitlements?

October 18, 2016

onservatives distort the English language. One of the more prominent examples is the word entitlement. According to the dictionary, an entitlement is something due to one by law or contract. In the case of Social Security and Medicare, they are benefits that are paid for by the FICA tax of 15.2%. Conservatives confuse the word […]

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Looking In the Wrong Direction

May 8, 2016

oving, a few necessary trips and scheduling a few more joint replacements, added to trying to do sufficient research for the books I’m working on, don’t leave much time for this blog. You likely aren’t too disappointed on the occasions I find a substitute to expound on an important issue. Here’s another such time. This […]

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Embrace Class Warfare

October 20, 2011

My occasional resort to language of a somewhat bombastic flavor may lead some to believe that I generally take an aggressive stance on practically every issue. That’s not necessarily so, but in the matter of class war, I am a super hawk. Oh, am I not being divisive? No. It’s several generations too late for […]

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The Book Of Jobs

June 11, 2011

Maybe not you, maybe not me, but tens of millions of people need jobs. It’s not just them that suffer from the lack of a job. Most have families. It isn’t even limited to them. It affects the entire economy. That means it affects you and me. Foreclosures mean the Great Recession lasts longer. More […]

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The Dow-Jones Illusion

March 3, 2009

All bubbles will burst but debt will remain. People are prone to believing the illusion that the Dow-Jones numbers are a measure of wealth. Were you wealthy when the Dow was over 14,000? Has your wealth vanished? No and no. Your wealth hasn’t changed. Only the illusion that you were wealthy has disappeared.

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